Rising wages helped to boost housing affordability in the first quarter, even as interest rates rose. The National Association of Home Builders (NAHB) said its NAHB/Wells Fargo Housing Opportunity Index indicates that 60.3 percent of new and existing homes that sold nationwide between the beginning of January and end of March were affordable to families earning the U.S. median income of $68,000. In the fourth quarter of 2016 59.9 percent of U.S. homes met that criteria. NAHB said moderating home prices also played a role in the increased affordability. The national median home price fell to $245,000 compared to $250,000 in the final quarter of 2016, helping to offset the near half-point increase in mortgage rates. The average rate increased from 3.84 percent in the fourth quarter to 4.33 percent

May 12, 2017 Download our Mobile App: Download our Mobile App: Housing News Housing Affordability Ticked up in First Quarter Rising wages helped to boost housing affordability in the first quarter, even as interest rates rose. The National Association of Home Builders (NAHB) said its NAHB/Wells Fargo Housing Opportunity Index indicates that 60.3 percent of new and existing... (read more) MBS Commentary MBS Live Day Ahead: Strong Opening Argument in The Case For a Bounce It's going to be a chart-focused commentary today, because frankly, there's not much to say with words.  The bottom line is that this morning's economic data has potentially initiated the bounce that we've been waiting and hoping for.  As w... (read more) Rob Chrisman UDAAP Settlement; TARP Update; Upcoming Events; Wells Eyeing Non-Agency Issuance Want to help educate a real estate agent, or a home buyer? Show them this site . "...comprehensive, accurate, and reliable neighborhood information. From environmental hazards to criminal offenders, school ratings to crime..." The government and lend... (read more) Mortgage Rate Watch Mortgage Rates Leak to 1-Month Highs It's been slow and steady, to be sure, but mortgage rates finally inched their way up to the highest levels in more than a month today, depending on the lender. Some rate sheets were in line with April 9/10th levels while a few lenders were back in t... (read more) Housing News FHFA Calls For Big Changes to Fannie/Freddie Conservatorship Federal Housing Finance Agency (FHFA) Director Mel Watt had three messages for the U.S. Senate Committee on Banking, Housing, and Urban Affairs on Thursday: Fannie Mae and Freddie Mac (the GSEs) are not the companies they were before they were put in... (read more) MBS Commentary MBS Live Recap: Bonds Hold Ground With Help From Stocks and 30yr Auction To be fair to bond markets, they might not have needed much help to hold their ground today had it not been for the stronger economic data in the morning.  It used to be the case (many years ago now) that Jobless Claims data was a cornerstone ... (read more) Mortgage Rates 30 Yr. Fixed Rate 7.02% +0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 7.02% +0.01 0.00 15 Yr. Fixed 6.37% 0.00 0.00 30 Yr. FHA 6.30% -0.02 0.00 30 Yr. Jumbo 7.20% 0.00 0.00 7/6 SOFR ARM 6.99% +0.04 0.00 30 Yr. VA 6.32% -0.02 0.00 Updates Daily - Last Update: 11/14 15 Yr. Fixed Rate 6.37% +0.00% Rate Change Points Freddie Mac 30 Yr. Fixed 6.78% -0.01 0.00 15 Yr. Fixed 5.99% -0.01 0.00 Updates Weekly - Last Update: 11/14 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.73% +0.21 0.69 15 Yr. Fixed 6.27% +0.29 0.77 30 Yr. Jumbo 6.77% +0.04 0.49 Updates Weekly - Last Update: 10/30 MBS / Treasuries UMBS 30YR 5.5 98.82 -0.11 Price / Yield Change MBS UMBS 5.5 98.83 -0.09 UMBS 6.0 100.49 -0.07 GNMA 5.5 99.47 -0.10 GNMA 6.0 100.63 -0.08 Pricing as of: 11/14 10:25PM EST 10 Year US Treasury 4.4626 +0.0238 Price / Yield Change US Treasury 2 YR Treasury 4.354 +0.004 5 YR Treasury 4.341 +0.015 7 YR Treasury 4.405 +0.018 10 YR Treasury 4.461 +0.022 30 YR Treasury 4.612 +0.029 Pricing as of: 11/14 10:25PM EST Latest Video The top 10 places for first-time homebuyers The market for $100 million homes April retail sales up 0.4%, CPI up 0.2% Around the Web feedproxy.google.com 5 Tips for Buyers in a Tight Housing Market Bloomberg How Fed Fights Next Downturn Hangs on Smooth Balance-Sheet Exit CNBC Retail is facing a historic moment of truth CNBC Fed's Harker says two more rate hikes this year are 'appropriate' Market Watch Consumer advocates made a last-ditch effort with Congress to keep the CFPB intact CNBC Here's how much home $300K will buy you in every US state CNBC Consumer sentiment hits 97.7 in mid-May, riding the 'Trump bump' Market Watch Treasury yields extend reversal from six-week high CNBC These are the best cities for first-time homebuyers CNBC Consumer prices rebounded 0.2% in April NAHB Eye on Housing Desire for New Amenities: Still the Top Reason to Remodel builderonline.com Student Debt Forcing Millennials to Move Back Home Reuters RBS CEO sees potential to settle major U.S. mortgage probe

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