Brought to you by marketnewsletters.com
CONTACT ME
Existing Home Sales Decline Slightly
  Housing News Update
  • U.S. APRIL EXISTING HOME SALES 5.57 MLN UNIT RATE (CONSENSUS 5.65 MLN), VS MARCH 5.70 MLN (PREV 5.71 MLN)-NAR
  • U.S. APRIL EXISTING HOME SALES -2.3 PCT VS MARCH +4.2 PCT (PREV +4.4 PCT)-NAR
  • U.S. APRIL INVENTORY OF HOMES FOR SALE 1.93 MLN UNITS, 4.2 MONTHS' WORTH
  • U.S. APRIL NATIONAL MEDIAN HOME PRICE FOR EXISTING HOMES $244,800, +6.0 PCT FROM APRIL 2016
  • NAR SAYS 5 PCT OF U.S. APRIL EXISTING HOME SALES WERE DISTRESSED VERSUS 6 PCT IN MARCH, 7 PCT IN APRIL 2016
Existing home sales fell to an annual pace of 5.57 million units in April, falling just short of the 5.65 million unit median forecast.  
More to follow...

Average Mortgage Rates

Rate Change Points
30 Yr. Fixed 7.43% +0.02 --
15 Yr. Fixed 6.84% +0.01 --
30 Yr. FHA 6.90% +0.03 --
30 Yr. Jumbo 7.62% +0.02 --
5/1 ARM 7.40% +0.03 --
Source: Mortgage News Daily
Rate Change Points
30 Yr. Fixed 7.13% +0.12 0.00
15 Yr. Fixed 6.64% +0.18 0.64
30 Yr. FHA 6.90% +0.10 0.99
30 Yr. Jumbo 7.40% +0.27 0.46
5/1 ARM 6.52% +0.11 0.60
Source: The Mortgage Bankers Association
Rate Change Points
30 Yr. Fixed 7.10% -0.34 0.00
15 Yr. Fixed 6.39% -0.37 0.00
Source: Freddie Mac
CONTACT ME

Market Data

MBS Price Change
UMBS 5.5 97.31 -0.31
UMBS 6.0 99.30 -0.29
UMBS 6.5 101.09 -0.20
GNMA 5.5 98.07 -0.22
GNMA 6.0 100.06 -0.09
GNMA 6.5 101.15 -0.08
US Treasuries Yield Change
2 YR 4.989 +0.054
5 YR 4.677 +0.059
10 YR 4.627 +0.037
30 YR 4.732 +0.029
Pricing as of: 4/18 5:14PM EST

Recent Housing Data

Value Change
Mortgage Apps Apr 17 202.1 3.27%
Building Permits Mar 1 1.46M -3.95%
Housing Starts Mar 1 1.32M -13.15%
New Home Sales Feb 1 662K 0.15%
Pending Home Sales Feb 1 75.6 1.75%
Existing Home Sales Feb 1 3.97M -0.75%
Builder Confidence Mar 1 51 6.25%

Recent News