Good morning Everyone,
Good news today is that March Housing Stats rose 2% to an annual rate of 626k units. above the consensus forecast of 610K, and the highest level since October 2008. Building Permits, a leading indicator, also exceeded expectations. Let's get this housing market back on track. MBS markets are currently trading above the open keeping rates at or below yesterday's.
I have a lot of good information coming to you in the near future with regards to this blog.. so stay tuned. With the housing market building momentum the buyers will come!! Rates are still historically low and current home prices make buying a better option than renting.
Thorsten Bernacki
Envoy Mortgage
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