While still far from buoyant, mortgage lenders were a little more upbeat about their expected profit margins and the demand outlook for both purchase and refinance mortgages when responding to Fannie Mae's first quarter Mortgage Lender Sentiment Survey. The net share of lenders reporting that demand had increased for purchase mortgages over the prior three months fell to a new survey low, however the net responses reflecting more positive expectations for the upcoming three months rose compared to one year ago. The responses were consistent across all loan types. While more lenders continued to report weaker demand for refinancing over the previous three months than reported rising demand, the net share of positive responses increased significantly; rising to the highest level in two years

March 13, 2019 Download our Mobile App: Download our Mobile App: Housing News Lender Survey: Easing Standards, Increased Demand, and More Profit While still far from buoyant, mortgage lenders were a little more upbeat about their expected profit margins and the demand outlook for both purchase and refinance mortgages when responding to Fannie Mae's first quarter Mortgage Lender Sentiment Surv... (read more) MBS Commentary MBS Live Day Ahead: Risky Rate Floor Still Has Ceiling Potential, But It's a Long Shot Yesterday saw bonds tag their best levels since early January (Jan 3rd was the only day in over a year where yields closed any lower) on a combination of several events.  Those events included weaker inflation data in the morning, a strong 10yr ... (read more) Rob Chrisman Recruiting, Sales, and Compliance Products; Training and Events; What to Call UMBS? Builders, appraisers, & real estate agents love to talk about square feet. Houses are becoming larger as households have become smaller. Right now, the average square footage for an American home is about 2,600 square feet, but the average Americ... (read more) Housing News Private and Public Construction Spending Increased Construction spending in ticked up in January to a seasonally adjusted annual rate of $1.280 trillion according to data released by the Census Bureau on Wednesday. The rate was 1.3 percent higher than the December estimate of $1.263 million and 0.3 p... (read more) Housing News Purchase Applications Resume Upward Climb Overall mortgage application activity resumed an upward trend last week, with another strong showing for purchase volume. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of application volume, increased 2.3 percent o... (read more) Mortgage Rate Watch Mortgage Rates Technically Lower, But Risk Rising Tomorrow Mortgage rates were officially lower today, despite some weakness in the bond market. In general, bond market weakness coincides with rates moving higher. This time around, the weakness was minimal, and mortgage lenders had a bit of catching up to do... (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 98.84 -0.09 Price / Yield Change MBS UMBS 5.5 98.85 -0.07 UMBS 6.0 100.51 -0.05 GNMA 5.5 99.48 -0.08 GNMA 6.0 100.65 -0.06 Pricing as of: 11/14 10:54PM EST 10 Year US Treasury 4.4606 +0.0218 Price / Yield Change US Treasury 2 YR Treasury 4.352 +0.002 5 YR Treasury 4.338 +0.012 7 YR Treasury 4.399 +0.012 10 YR Treasury 4.457 +0.018 30 YR Treasury 4.608 +0.025 Pricing as of: 11/14 10:54PM EST Latest Video Average loan amount hit record $326,000 last week Construction spending beats expectations, rises 1.3% US producer price index rose 0.1% in February, vs 0.2% increase expected Parliament continues to debate Brexit as March 29th deadline nears Around the Web Calculated Risk Blog Houston Real Estate in February: Sales up Slightly YoY, Inventory Up 17% NAR - Realtor.com A 3-D-Printed Family Home? A Texas Startup Says It Can Deliver Bloomberg America's Most Hated Home Loan Is Staging a Comeback Calculated Risk Blog Mortgage Rates and Ten Year Yield Reuters U.S. data, hopes over Brexit vote lift shares; dollar eases Bloomberg The ECB Is the Problem for European Banks, Deutsche Bank Says Calculated Risk Blog Construction Spending increased in January Reuters U.S. business spending on equipment increases strongly in January Reuters U.S. producer prices rise less than expected in February Bloomberg Treasury Yields Veer Toward 2019 Lows Reuters UK parliament's rejection of Brexit deal raises no-deal risk: Tusk's spokesman NAR - Realtor.com Home Remodeling Is a $450 Billion Market, and It's Only Going to Get Bigger NPR Decision Day: Will The U.K. Go For Brexit, Or Not?

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