As is the case for the monthly data on New Home Sales from the Census Bureau, the National Association of Realtors (NAR) Existing Home Sales report does not make for exciting news these days. It's not that the news is tragic or alarming either. It just sort of... is. Whereas New Home Sales have been able to hold sideways near their pre-covid highs, Existing Sales continue to languish near the lowest levels in decades. Apart from the great financial crisis in 2008-2010, you'd have to go back to 1995 to see lower levels. "Home buying and selling remained sluggish in March due to the affordability challenges associated with high mortgage rates," said NAR Chief Economist Lawrence Yun. "Residential housing mobility, currently at historical lows, signals the troublesome possibility of less economic mobility for society."
| Housing News | | Existing Home Sales at 5 Month Lows | | As is the case for the monthly data on New Home Sales from the Census Bureau, the National Association of Realtors (NAR) Existing Home Sales report does not make for exciting news these days. It's not that the news is tragic or alarming either. ... (read more) |
|
| Housing News | | New Home Sales Running Near Highest Pace Since 2022 | | The Census Bureau released March New Home Sales data this week, and it was near the best levels seen since early 2022. Before you get too excited about that, a caveat is in order. Simply put, when it comes to housing market data, nothing ... (read more) |
|
| Mortgage Rate Watch | | Lowest Mortgage Rates in Nearly 3 Weeks | | The news on mortgage rates has been frustratingly mixed recently, depending on the source. This is a factor of the various time frames and methodologies employed by different purveyors of rate data. If you're reading this, however, none of that matte... (read more) |
|
| MBS Commentary | | Data Free Friday. Heavy Data Next Week | | Today's only scheduled economic report is Consumer Sentiment. Nonetheless, we would classify today as being "data free" because this is simply the final reading of the preliminary release 2 weeks ago. It's the preliminary release that tends to ... (read more) |
|
|
| 30 Yr. Fixed Rate | | 6.84% -0.08% |
|
| Rate | Change | Points |
|---|
| Mortgage News Daily | | 30 Yr. Fixed | 6.84% | -0.08 | 0.00 | | 15 Yr. Fixed | 6.25% | -0.05 | 0.00 | | 30 Yr. FHA | 6.25% | -0.10 | 0.00 | | 30 Yr. Jumbo | 7.00% | -0.05 | 0.00 | | 7/6 SOFR ARM | 6.42% | -0.03 | 0.00 | | 30 Yr. VA | 6.27% | -0.10 | 0.00 | | Updates Daily - Last Update: 4/25 |
|
|
| 15 Yr. Fixed Rate | | 6.25% -0.05% |
|
| Rate | Change | Points |
|---|
| Freddie Mac | | 30 Yr. Fixed | 6.81% | -0.02 | 0.00 | | 15 Yr. Fixed | 5.94% | -0.09 | 0.00 | | Updates Weekly - Last Update: 4/24 |
| Rate | Change | Points |
|---|
| Mortgage Bankers Assoc. | | 30 Yr. Fixed | 6.90% | +0.09 | 0.86 | | 15 Yr. Fixed | 6.20% | +0.09 | 0.58 | | 30 Yr. Jumbo | 6.90% | +0.06 | 0.45 | | Updates Weekly - Last Update: 4/23 |
|
|
|
| Price / Yield | Change |
|---|
| MBS | | UMBS 5.5 | 99.53 | +0.35 | | UMBS 6.0 | 101.29 | +0.20 | | GNMA 5.5 | 99.79 | +0.34 | | GNMA 6.0 | 101.04 | +0.16 | | Pricing as of: 4/25 5:31PM EST |
|
|
| 10 Year US Treasury | | 4.2536 -0.0671 |
|
| Price / Yield | Change |
|---|
| US Treasury | | 2 YR Treasury | 3.757 | -0.040 | | 5 YR Treasury | 3.876 | -0.057 | | 7 YR Treasury | 4.058 | -0.046 | | 10 YR Treasury | 4.254 | -0.067 | | 30 YR Treasury | 4.718 | -0.054 | | Pricing as of: 4/25 5:31PM EST |
|
|
|
|
|
