Remember the old Point/Counterpoint segment on CBS's 60 Minutes? Two political commentators, a far right conservative and an equally lefty liberal argued the merits or lack of a current controversial issue. Two recent articles in the same issue of The National Review were reminiscent of that feature - except this was two conservatives arguing which parts of Ben Carson's recent performance were more meritorious. They both had their points, and both managed to entirely overlook a singularly important one. The topic was the Secretary of Housing and Urban Development's recently announced plan to combat the lack of affordable housing by taking on stringent local zoning and land-use regulations. The centerpiece article is written by Michael Tanner, a senior fellow at the Cato Institute. He mentions

October 23, 2018 Download our Mobile App: Download our Mobile App: Housing News Carson Plan: Deregulation to Promote Affordable Housing Remember the old Point/Counterpoint segment on CBS's 60 Minutes? Two political commentators, a far right conservative and an equally lefty liberal argued the merits or lack of a current controversial issue. Two recent articles in the same issue of Th... (read more) Rob Chrisman Loan Limit Thoughts; Long List of Credit Changes and Lender Updates Historically the FHFA, and with it Freddie and Fannie, announce official loan levels for the following year soon after Thanksgiving . (There are always rumors prior.) The loan limits are based on home prices around the nation. After 2008, despite the... (read more) MBS Commentary MBS Live Day Ahead: Consolidation Breakout Sets Up Important Test For Bonds Yesterday was boring and uneventful.  Bonds seemed to be trying everything in their power to remain range-bound and avoid breaking out of the consolidation pattern we'd been tracking.   By contrast, today's bond market is unrecog... (read more) Mortgage Rate Watch Mortgage Rates Little-Changed to Begin The Week Mortgage rates didn't move much today. Lenders who made changes to Friday's rate sheets generally did so toward slightly higher rates. Actually, it would be more precise to say those lenders raised upfront costs associated with any given rate. This i... (read more) MBS Commentary MBS Live Recap: Uneventful Start; Consolidation Continues As of October 16th, we'd been tracking the most recent consolidation in bond yields (and stocks for that matter) waiting for a breakout to suggest the next dose of momentum.  Stocks broke higher with conviction while bonds merely trickled sidewa... (read more) MBS Commentary MBS Live Commentary: An Update on MBS Underperformance vs Treasuries Duration is a key variable in deciding value to bond investors investors. In fact, many investors have a duration target for their portfolio.  Duration changes differently for MBS vs Treasuries, and this contributes to differences in relative pe... (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 6.0 100.52 -0.05 GNMA 5.5 99.49 -0.07 GNMA 6.0 100.65 -0.06 Pricing as of: 11/14 11:34PM EST 10 Year US Treasury 4.4567 +0.0179 Price / Yield Change US Treasury 2 YR Treasury 4.351 +0.001 5 YR Treasury 4.336 +0.010 7 YR Treasury 4.399 +0.012 10 YR Treasury 4.455 +0.016 30 YR Treasury 4.607 +0.024 Pricing as of: 11/14 11:34PM EST Latest Video Rising home prices drive PulteGroup Q3 profit beat Atlanta Fed's Bostic raises 2018, 2019 growth forecasts Liesman: Fed will take sell-off into consideration, but likely won't change... Around the Web Reuters Wall St. falls on earnings worries but pares losses Reuters Tariffs begin to take bite out of U.S. corporate earnings growth Reuters Wall St. cuts losses as investors snap up shares CNBC With homebuilding stocks down 40%, investors hope Fed gets the message and slows rate hikes CNBC The Federal Reserve doesn't need to 'keep our foot on the gas pedal' anymore, Fed's Bostic says CNBC Home buyers: Here's what higher mortgage rates will cost you in these cities Calculated Risk Blog Quarterly Housing Starts by Intent Bloomberg Treasuries Gain Most Since May With Stocks Slumping, Italy Concern CNBC Former Fed Chairman Paul Volcker thinks 'we're in a hell of a mess' CNBC EU rejects Italy's budget plan for 2019, sending bond yields higher CNBC US Treasury yields slip amid geopolitical jitters Reuters Shares sink toward one-year low as bears bite again Bloomberg Goldman Warns It's Not Over Yet for Italian Debt Market Woes

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