Posts Tagged ‘Housing Starts’

Pending Home Sales Edge Higher

Thursday, December 28th, 2017

Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all day in the bond market. This means rates or loan fees (mortgage pricing) moves throughout the day, being affected by a variety of economic or political events. When MBS pricing goes up, mortgage rates or pricing generally goes down. When they fall, mortgage pricing goes up.

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Housing starts surge to 9 year high

Thursday, November 17th, 2016

Early this morning, prior to 8:30 AM EST the 10 yr note unchanged and early trade in MBS prices +4 bps from yesterday’s close. Then came 8:30 and a lot of key data. Oct housing starts expected up 10.5% to 1168K jumped 25.5% to 1323K; Oct building permits expected -3.0% to 1190K, increased 0.5% to 1229K. Starts the strongest since Sept 2007. A 10.7% rise to an 869,000 rate for the report’s key component, single-family homes, that follows an 8.4% surge in September. Take a look a the rest of the positive numbers.

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