It remains to be seen if it passes into law, or how it will hold up during the process, but housing industry groups say an agreement has been hammered out for renewing the federal flood insurance program . Both the National Association of Home Builders (NAHB) and the National Association of Realtors® (NAR) say they have been working with the House Financial Services Committee on parameters, for, in the words of NAHB, "A viable, long-term flood insurance reauthorization bill that will keep the National Flood Insurance Program (NFIP) fiscally sound and enable home builders to provide safe and affordable housing to consumers." A flood insurance policy is required of homeowners who live in certain Federal Emergency Management Agency (FEMA) designated flood plains and have a mortgage issued

July 21, 2017 Download our Mobile App: Download our Mobile App: Housing News With Expiration Looming, NAR, NAHB Applaud Flood Insurance Renewal Progress It remains to be seen if it passes into law, or how it will hold up during the process, but housing industry groups say an agreement has been hammered out for renewing the federal flood insurance program . Both the National Association of Home Builde... (read more) MBS Commentary MBS Live Day Ahead: Low Volume and Light Liquidity Expected. Here's What That Means One of the hallmarks of classic (read: old school) technical analysis is the role of volume in confirming market movements.  For instance, if 10yr yields break through a key technical level, the next question many traders will ask is whether o... (read more) Rob Chrisman State-Level Changes Across the Board; Housing and Rates Under the heading, “What’ll they think of next?”, especially for aging Boomers, comes stairs that store energy and help the next person walk up them! State-Level Changes When lenders complain about federal regulation and oversight, ... (read more) Mortgage Rate Watch Mortgage Rates Hold 3-Week Lows After Central Bank Announcements Mortgage rates held relatively steady today, keeping them in line with the lowest levels in more than 3 weeks. There was relatively little market movement in response to the policy announcement from the European Central Bank (ECB). That's a good thin... (read more) Housing News Single Security Praised by Urban Institute The single agency security toward which the GSEs, Fannie Mae and Freddie Mac and their regulator, the Federal Housing Finance Agency (FHFA), have been working for several years, is not yet operative, but it just got a round of applause. Linda Goodman... (read more) MBS Commentary MBS Live Recap: Markets Had ECB Almost Perfectly Pegged Talk about your anticlimactic conclusions!  It's not that the European Central Bank (ECB) was likely to make any meaningful changes in its policy stance today, but it nonetheless served as an important opportunity to confirm or deny the notion t... (read more) Mortgage Rates 30 Yr. Fixed Rate 7.02% +0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 7.02% +0.01 0.00 15 Yr. Fixed 6.37% 0.00 0.00 30 Yr. FHA 6.30% -0.02 0.00 30 Yr. Jumbo 7.20% 0.00 0.00 7/6 SOFR ARM 6.99% +0.04 0.00 30 Yr. VA 6.32% -0.02 0.00 Updates Daily - Last Update: 11/14 15 Yr. Fixed Rate 6.37% +0.00% Rate Change Points Freddie Mac 30 Yr. Fixed 6.78% -0.01 0.00 15 Yr. Fixed 5.99% -0.01 0.00 Updates Weekly - Last Update: 11/14 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.73% +0.21 0.69 15 Yr. Fixed 6.27% +0.29 0.77 30 Yr. Jumbo 6.77% +0.04 0.49 Updates Weekly - Last Update: 10/30 MBS / Treasuries UMBS 30YR 5.5 98.85 -0.07 Price / Yield Change MBS UMBS 5.5 98.86 -0.07 UMBS 6.0 100.51 -0.05 GNMA 5.5 99.49 -0.08 GNMA 6.0 100.65 -0.06 Pricing as of: 11/14 11:38PM EST 10 Year US Treasury 4.4567 +0.0179 Price / Yield Change US Treasury 2 YR Treasury 4.351 +0.001 5 YR Treasury 4.337 +0.011 7 YR Treasury 4.399 +0.012 10 YR Treasury 4.456 +0.017 30 YR Treasury 4.608 +0.025 Pricing as of: 11/14 11:38PM EST Latest Video Can the economy get to 3% GDP? Barney Frank: There will be changes to Dodd-Frank but no sustained assault Need to increase population and productivity to get to 3% growth: Austan Go... Around the Web NAR - Realtor.com Meet Your New Landlord: Wall Street CNBC Weak mortgage income hurts US regional lenders consumerfinancemonitor.com CFPB Loses Another RESPA Case Bloomberg We'll Get Different Fed During Next Seven Years, El-Erian Says - Bloomberg Calculated Risk Blog Goldman: FOMC Preview consumerfinancemonitor.com CFPB issues Spring 2017 rulemaking agenda Calculated Risk Blog BLS: Unemployment Rates Lower in 10 states in June, Two States at New Series Lows Market Watch Seven years after Dodd-Frank passage, there still aren't proposals for a fifth of rules Freddie Mac Freddie Mac Announces Pricing of $285 Million Multifamily Small Balance Loan Securitization CNBC These are the top ZIP codes for rental returns NAHB Eye on Housing Builders Concerns of Lot Availability Unchanged from 2016 Bloomberg Investors Underestimate Fed Unwind Risk, UBP's Villamin Says CNBC US Treasurys higher as bond investors digest ECB comments

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