Based on the latest Fannie Mae research (FNM's monthly Economic Development paper came out this week) home building has declined; over 12%, the largest monthly decline since Nov. 2016 and effects both the single and multi-family housing market.
Bookmark this page for mortgage rates:
• 30-year (FRM) rates at 4.64% (0.00%)
• 15-year (FRM) rates at 4.14% (0.00%)
• FHA 30-year Fixed rates at 4.37% (0.00%)
• Jumbo 30-year Fixed rates at 4.38% (0.00%)
• 5/1 ARM rates at 3.96% (0.00%)
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