The Remodeling Market Index (RMI) is to home remodelers as the Housing Market Index (HMI) is to new home builders. Each is constructed by the National Association of Home Builders (NAHB) to reflect builder confidence in their particular share of the market. The quarterly RMI is based on responses to a survey in which professional remodelers are asked to gauge current market conditions in terms of major and minor additions and alterations , maintenance and repairs on both owner- and renter occupied dwellings. NAHB assigns a numerical value to those answers. They are also asked about calls for bids, work commitments over the next three months, work backlogs, and appointments for proposals. Those questions form the basis of the future indicators index. The overall market index retreated to its

April 19, 2018 Download our Mobile App: Download our Mobile App: Housing News Weather Cools Remodeling Perceptions The Remodeling Market Index (RMI) is to home remodelers as the Housing Market Index (HMI) is to new home builders. Each is constructed by the National Association of Home Builders (NAHB) to reflect builder confidence in their particular share of the ... (read more) Housing News Rates on Closed Loans at 4 Year High The share of refinancing loans dropped to 38 percent of loans closed in March, down from 43 percent in February. Ellie Mae's Origination Insight Report for the month notes that the 5 percent decline in those loans was consistent across all three loan... (read more) MBS Commentary MBS Live Day Ahead: What Stock Lever? Bonds Tanking Without Any Help We've been increasingly wary about a potential break of the recent consolidation/rally trend --the one that saw yields move sideways to slightly stronger from late Feb through early April.  Yields tiptoed to the top of that range as of Tuesday ... (read more) Rob Chrisman New Lender Products; Freddie and Fannie Updates; Rates Moving Higher Rumors continue to swirl about practically every lender out there, and exaggeration is rampant. A company eliminates low producing LOs in Arizona and suddenly the jungle drums are saying it is closing its Southwest division. A middle layer of managem... (read more) Housing News Home Price Increases Outpace Income Gains - Again Fewer homes on the market are affordable than a year ago, and fewer households can afford them with their current income. The National Association of Realtors® (NAR) and the realtor.com website have released a list of the least and the most affor... (read more) Mortgage Rate Watch Mortgage Rates Jump to Highest Levels in About a Month Mortgage rates jumped higher today as bonds continued a move away from narrow Springtime range seen in March and early April. Bonds dictate rate movement and yesterday saw the bond market make its first convincing attempt to break what had been a fri... (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 98.84 -0.09 Price / Yield Change MBS UMBS 5.5 98.84 -0.09 UMBS 6.0 100.50 -0.07 GNMA 5.5 99.47 -0.10 GNMA 6.0 100.64 -0.07 Pricing as of: 11/14 10:39PM EST 10 Year US Treasury 4.4606 +0.0218 Price / Yield Change US Treasury 2 YR Treasury 4.353 +0.003 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 10:39PM EST Latest Video Home prices jump on low supply Concern over sharp rise in interest rates Yield curve flattens as interest rate rise sparks concern over economic bre... Around the Web Calculated Risk Blog Lawler: Early Read on Existing Home Sales in March CNBC CNBC Transcript: Former Treasury Secretary Jack Lew Speaks with Sara Eisen Today Bloomberg A Top Recession Indicator Makes a Lousy Sell Signal for Stocks CNBC As interest rates rise, investors can't decide whether the bond market move is cause for confidence or concern Brookings Institution Hutchins Roundup: Online surveys, mortgage-backed securities, and more CNBC How student loans are stopping millennials from buying houses NAHB Eye on Housing Remodeling Market Index Remains in Strong Territory Despite Three Point Slip Freddie Mac Rates Rise to Highest of 2018 Calculated Risk Blog Philly Fed Manufacturing Survey Showed "Continued Growth" in April Redfin March Home Prices Up 8.9%, the Biggest Increase in Four Years CNBC US weekly jobless claims fell, indicating continued job growth after a slowdown in March Bloomberg Record US Yield Premium Runs Into the Trump-Dollar Discount Bloomberg Why the Yield Curve Inversion May Not Be Too Alarming

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