Brought to you by marketnewsletters.com
CONTACT ME
New Home Sales Contract Sharply
  Housing News Update
  • US APRIL SINGLE-FAMILY HOME SALES 0.569 MLN UNIT ANN. RATE, (CONS 0.610 MLN) VS MARCH 0.642 MLN UNIT RATE (PREV 0.621 MLN)
  • US APRIL SINGLE-FAMILY HOME SALES -11.4 PCT VS MARCH +5.8 PCT (PREV +5.8 PCT)
  • US APRIL HOME SALES NORTHEAST -7.5 PCT, MIDWEST -13.1 PCT, SOUTH -4.0 PCT, WEST -26.3 PCT
  • US APRIL NEW HOME SUPPLY 5.7 MONTHS' WORTH AT CURRENT PACE VS MARCH 4.9 MONTHS
  • US HOMES FOR SALE AT END OF APRIL 0.268 MLN UNITS VS MARCH 0.264 MLN UNITS
New Home Sales contracted sharply in April, falling to an annual rate of 569k from a positively revised rate of 642k in March.  The median forecast was for a 610k annual rate.

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 4.913 -0.077
5 YR 4.582 -0.095
10 YR 4.541 -0.086
30 YR 4.651 -0.080
Pricing as of: 4/18 11:05PM 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