Consumers are increasingly tuning in to the topic of rising home prices in their communities. The National Association of Home Builders (NAHB) said prospective home buyers are particularly aware of the availability of affordable homes that are for sale in their local markets and perceiving it as a serious issue. NAHB conducted a nationwide survey of 11,674 adults in the first quarter regarding their perceptions about the availability and affordability of housing in their markets. Of those 2,000 or 17 percent reported they plan to purchase a home within a year. Those prospective homeowners were asked to estimate the share of for-sale homes in their markets that they could afford to purchase. Eighty-three percent said they could afford fewer than half of the available homes. In the previous survey

May 3, 2018 Download our Mobile App: Download our Mobile App: Housing News Homebuyers See Themselves Priced Out of Market Consumers are increasingly tuning in to the topic of rising home prices in their communities. The National Association of Home Builders (NAHB) said prospective home buyers are particularly aware of the availability of affordable homes that are for sa... (read more) Mortgage Rate Watch Mortgage Rates Fall Ahead of Big Jobs Report Mortgage rates bounced back today--that is, they bounced back DOWN after rising slightly yesterday. The improvement came courtesy of strength in European bond markets (stronger = more bond buying = higher bond prices = lower bond yields, aka "lower r... (read more) Housing News Strong Earnings at Fannie/Freddie After 4th Quarter Accounting Losses Both government sponsored enterprises (GSEs) reported strong earnings in the first quarter of 2018. In separate announcements this week Freddie Mac said it had comprehensive income of $2.2 billion and Fannie Mae reported $3.9 billion. Both had posted... (read more) Rob Chrisman Loan Trading Platform; Fannie's Earnings and Conforming Updates; 3% Down Program Moody’s addresses what every LO knows – the next area of “opportunity” in the mortgage market: next area of “opportunity” in the mortgage market : cash-out refinances. As many CLTVs are approaching 75%, homeowners ... (read more) MBS Commentary MBS Live Day Ahead: Do Stocks Really "Sell in May?" There has been at least some amount of correlation between stocks and bond yields in 2018 inasmuch as the major lows for stocks in Feb and April coincided with major lows for Treasury yields.  And yes, the term "major" is used loosely when it ... (read more) MBS Commentary MBS Live Recap: Bonds Trying to Make Their Case For More Gains With the 2.95% level in 10yr yields being the most important pivot point for bonds at the moment, drifting sideways to close out the day around 2.948% is a bit of an equivocal message.  On the one hand, that number is lower than 2.95%, and it ... (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 98.85 -0.07 Price / Yield Change MBS UMBS 5.5 98.85 -0.07 UMBS 6.0 100.51 -0.05 GNMA 5.5 99.49 -0.08 GNMA 6.0 100.65 -0.06 Pricing as of: 11/14 11:06PM EST 10 Year US Treasury 4.4552 +0.0164 Price / Yield Change US Treasury 2 YR Treasury 4.352 +0.002 5 YR Treasury 4.338 +0.012 7 YR Treasury 4.399 +0.012 10 YR Treasury 4.456 +0.017 30 YR Treasury 4.608 +0.025 Pricing as of: 11/14 11:06PM EST Latest Video Factory-built homes the future? This start-up hopes so March factory orders up better than expected at 1.6 Weekly jobless claims tick higher Around the Web Calculated Risk Blog Goldman: April Payrolls Preview NAR - Realtor.com With No Letup in Home Prices, the California Exodus Surges CNBC Stocks face critical technical test as worries about Trump and trade escalate Calculated Risk Blog April Employment Preview Reuters U.S. trade deficit narrows on exports; jobs market tightening CNBC The Fed is looking clueless about economic growth that is in the late innings NAHB Eye on Housing Builder Confidence in the 55+ Housing Market Remains Healthy in First Quarter Reuters Last man standing: lonely Fed tightening spurs dollar surge Freddie Mac Mortgage Rates See Modest Decline consumerfinancemonitor.com Update to Black Hole Fix Under TRID Rule CNBC ISM non-manufacturing index hits 56.8 in April, vs. 58.2 estimate blog.stewart.com Another Top-10 List Most Affordable Places to Live in the U.S. 2018 CNBC US trade deficit drops for the first time in 7 months as exports hit a record high

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