Earlier this month the National Association of Home Builders' (NAHB's) Eye on Housing blog featured a story on America's aging housing stock. NAHB analyst Na Zhao used 2016 American Community Survey (ACS) data to put the median age of owner-occupied homes at 37 years compared to a median age of 31 years in 2005. The aging trend had picked up speed during the Great Recession. Zhao says the age of the housing stock is an important indicator for home remodeling as older houses are less energy efficient than new construction and ultimately will require remodeling and renovation lest they fall into disrepair and out of the housing inventory. Now the author takes another and more granular look at the issue and finds noticeable variations in the median age of housing across the states. New York has

August 29, 2018 Download our Mobile App: Download our Mobile App: Housing News Sun Belt has Lock on "Young" Housing Earlier this month the National Association of Home Builders' (NAHB's) Eye on Housing blog featured a story on America's aging housing stock. NAHB analyst Na Zhao used 2016 American Community Survey (ACS) data to put the median age of owner-occupied ... (read more) Housing News NAR Sees Overheated Housing Market Starting to Cool Expectations weren't particularly high for a solid July report on home purchase contracts, but today's report from the National Association of Realtors® (NAR) didn't meet even those . NAR's Pending Home Sales Index (PHSI) came in at 106.2, down f... (read more) Housing News Mortgage Lenders Back in Black After Earlier Losses In the first quarter of 2018, independent mortgage banks and mortgage subsidiaries of chartered banks posted only their second period of financial losses in the ten years the Mortgage Bankers Association (MBA) has covered the issue. This week MBA was... (read more) Housing News Mortgage Applications Resume Downward Spiral The surge in mortgage applications last week, fostered by a 6.0 percent increase in refinancing, was short-lived. Despite slightly lower interest rates, the Mortgage Bankers Association (MBA) reports that its Market Composite Index, a measure of appl... (read more) MBS Commentary MBS Live Day Ahead: Why GDP is Seldom a Big Market Mover GDP is released 3 times over 3 months beginning on the month that follows the quarter in question.  In other words, Q2 (April-June) is first reported in July.  The first revision is reported today (it's still August, right?). GDP always... (read more) MBS Commentary MBS Live Recap: Bonds Confirm Technical Shift But Stop Short of Breakout Yesterday's bond market weakness introduced some risk of a technical shift back toward higher yields.  Specifically, fast and slow stochastics (shorter and longer term momentum gauges) were simultaneously 'overbought' for the first time s... (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 11:05PM 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 +0.011 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 11:05PM EST Latest Video Santelli Exchange: The yield curve as an indicator of future recessions Pending home sales post annual decline for seventh straight month No recession in 2019 but GDP growth might slow, says economist Around the Web Reuters Trump says NAFTA talks with Canada likely to meet Friday deadline builderonline.com Is Home Price Growth Over? Reuters Big banks win dismissal in U.S. of bond rigging lawsuit CNBC The 4 most important things I wish I'd known before buying my first home CNBC Property experts see a 1-in-3 chance of a London house price crash CNBC Here are the most expensive ZIP codes for renters in the US Calculated Risk Blog Q2 GDP Revised up to 4.2% Annual Rate Bloomberg No Trades in Japan 10-Year Bonds Shows Limits of BOJ Tweaks Bloomberg How to Build a Sustainable Bond Portfolio CNBC Want to refinance your house? Keep these two points in mind Bloomberg Italy Reportedly May Reach Out to ECB on New Bond Purchase Plan Calculated Risk Blog Freddie Mac: Mortgage Serious Delinquency Rate Decreased in July Calculated Risk Blog Zillow Case-Shiller Forecast: Slower House Price Gains in July

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