Builder confidence in the market for newly built single-family homes slipped again in April, edging down 1 point to 69. The National Association of Home Builders (NAHB) said its NAHB/Wells Fargo Housing Market Index (HMI) edged down one point to 69. The HMI has slipped 1 point in each of the last three months. The builders' group said however that the Index remains "on firm ground." Derived from a monthly survey that NAHB has been conducting for 30 years, the HMI gauges its new home builders' perceptions of both the current market for newly built single-family homes and expectations for those sales over the next six months as "good," "fair" or "poor." The survey also asks builders to rate traffic of prospective buyers as "high to very high," "average" or "low to very low." Scores for each component

April 16, 2018 Download our Mobile App: Download our Mobile App: Rob Chrisman Chase's Demand Letters; Capital Markets Update; Zillow is Doing What? There is always something new in the legal arena, right? Below is news that JPMorgan Chase is pursuing remedies. Is it “legal” for Zillow to compete with real estate agents, or private investors, or to out-bid individuals or families in b... (read more) Housing News Builder Confidence Dips Slightly, Still Near All-Time Highs Builder confidence in the market for newly built single-family homes slipped again in April, edging down 1 point to 69. The National Association of Home Builders (NAHB) said its NAHB/Wells Fargo Housing Market Index (HMI) edged down one point to 69. ... (read more) MBS Commentary MBS Live Week Ahead: Range Breakout In The Spotlight; Red Herrings Another week, another change to savor the scent of red herring in the air.  Have you ever smelled a herring--let alone a red one?  They're oily little bait-fish (like a bigger anchovy) and once out of the ocean (or the bait freezer at your ... (read more) Mortgage Rate Watch Mortgage Rates Rise Despite Market Improvement Mortgage rates were slightly higher for most lenders today even though underlying bond markets suggested the opposite. This is partly a timing issue. Yesterday saw bond markets weaken throughout the day. Weaker bonds imply higher rates. After a certa... (read more) MBS Commentary MBS Live Recap: Technically Stronger, But... Bonds were technically stronger today.  There is green on the screen right now for everything but 2yr Treasuries.  It's not huge, but at least it's in the right direction.  10's ended the day down nearly 2bps and Fannie 3.5 MBS were ... (read more) Mortgage Rate Watch Mortgage Rates Back to Unchanged After Starting Higher Mortgage rates began the day at higher levels, as bond markets lost ground overnight. Bonds dictate rates, and "losing ground" means bond prices are falling. When bond prices fall, rates move higher. There's some chatter in the marketplace about deve... (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 -0.08 Price / Yield Change MBS UMBS 5.5 98.86 -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: 11/15 12:25AM EST 10 Year US Treasury 4.4606 +0.0218 Price / Yield Change US Treasury 2 YR Treasury 4.348 -0.002 5 YR Treasury 4.337 +0.011 7 YR Treasury 4.399 +0.012 10 YR Treasury 4.458 +0.019 30 YR Treasury 4.610 +0.027 Pricing as of: 11/15 12:25AM EST Latest Video Trump to nominate Clarida as Fed's vice chairman White House set to announce two Fed nominees Home bulider sentiment drops in April Around the Web CNBC America's most popular investment vehicle has its work cut out for it this year NAR - Realtor.com Cities With the Worst Rent: Is This How Much You're Coughing Up? Calculated Risk Blog Sacramento Housing in March: Sales Decrease Slightly YoY, Active Inventory up 19% YoY Reuters Fed's Kaplan says he has no problem with being 'restrictive' NAR - Realtor.com Homebuilding Isn't Keeping Up With Growth, Development Group Says Calculated Risk Blog Earlier from the NY Fed: Manufacturing "Business activity grew at a solid clip in New York State" NPR California's Housing Crisis: Working But On The Brink Of Homelessness CNBC Fed's Dudley: More than four interest rate hikes unlikely this year CNBC Fed's Dudley: More than four interest rate hikes unlikely this year blog.stewart.com Another Top-10 List States with the Greatest (and Least) Increase in Personal Income from 2016 to 2017 Calculated Risk Blog Retail Sales increased 0.6% in March Reuters BofA profit beats estimates on higher interest rates, loan growth Bloomberg What to Expect From Retail Sales After the Trump Tax Cuts

© 2024  Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: [recipientemail]. Go here to UNSUBSCRIBE from this email.