MARKET COMMENT
Mortgage bond prices finished the week lower which put upward pressure on rates. There was a reverse of the flight to safety buying of MBSs Monday as tensions between the U.S. and Iran eased. Iran admitted they shot down
We spent the past few weeks presenting for you summaries of 2019 and predictions for 2020. Then, as we do every year, there is an event that reminds us that predicting the future is impossible. This year it is the
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for December 2019.
![[Residential Construction Graph]](https://www.hud.gov/sites/dfiles/Main/images/hudno_20_010.jpg "[Residential Construction Graph]")
Building Permits
Privately owned housing units authorized by
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for December 2019 shows mortgage applications for new home purchases increased 38.7 percent compared to December 2018. Compared to November 2019, applications decreased by 5 percent. This change does not
U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today formally announced a grant agreement with Puerto Rico, making an additional $8.2 billion available to Puerto Rico to help with disaster recovery efforts.
“Now that proper financial controls are
Attorney General Letitia James today announced over $8 million in grant awards as part of the Cities for Responsible Investment and Strategic Enforcement (“Cities
U.S. Housing and Urban Development (HUD) Secretary Ben Carson today awarded $482,000 to four housing authorities to assist young people aging out of foster care and who are at risk of experiencing homelessness. See chart below.
Secretary Ben Carson made the
After a year of continued strong growth in the multifamily market, Freddie Mac (OTCQB: FMCC) projects that origination volume will continue growing into 2020, reaching
Mortgage credit availability decreased in December according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from Ellie Mae’s AllRegs® Market Clarity® business information tool.
The MCAI fell by 3.5 percent to
