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: 30 Yr. Fixed 6.22% +0.09%   6.11% 7.26% 15 Yr. Fixed 5.75% +0.04%   5.54% 6.59% 30 Yr. Jumbo 6.14% -0.01%   6.14% 7.45% Compare Mortgage Rates from Local Lenders for Apr 19, 2018 Mortgage Rates Jump to Highest Levels in About a Month Thu, Apr 19, 2018 4:35PM 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 friendly, narrow range. This of course coincided with a narrow range for rates in the past few months. It was also "friendly" relative to the trajectory seen in the first part of the year. When these sorts of ranges become established, the boundaries take on a special significance. As soon as the floor or the ceiling is definitively broken, there tend... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.22% +0.09 0.00 15 Yr. Fixed 5.75% +0.04 0.00 30 Yr. FHA 5.95% +0.04 0.00 30 Yr. Jumbo 6.14% -0.01 0.00 7/6 SOFR ARM 5.65% 0.00 0.00 30 Yr. VA 5.98% +0.06 0.00 Updates Daily - Last Update: 9/17 Freddie Mac Rate Change Points 30 Yr. Fixed 6.35% -0.15 0.00 15 Yr. Fixed 5.50% -0.10 0.00 Updates Weekly - Last Update: 9/11 Mortgage Bankers Assoc. 30 Yr. Fixed 6.49% -0.15 0.56 15 Yr. Fixed 5.70% -0.14 0.55 30 Yr. Jumbo 6.44% -0.14 0.48 Updates Weekly - Last Update: 9/10 UMBS 30YR 5.0 99.76 +0.17   95.05 100.47 UMBS 30YR 5.5 101.18 +0.15   97.47 101.61 10 YR Treasury 4.056 -0.025   3.706 4.780 MBS Live Day Ahead: What Stock Lever? Bonds Tanking Without Any Help Thu, Apr 19, 2018 9:51AM 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) MBS Price Change UMBS 4.5 97.77 +0.14 UMBS 5.0 99.76 +0.17 UMBS 5.5 101.18 +0.15 GNMA 4.5 98.14 +0.13 GNMA 5.0 100.04 +0.21 GNMA 5.5 101.04 +0.16 Pricing as of: 9/18 5:48AM EST US Treasury Yield Change 2 YR Treasury 3.530 -0.034 5 YR Treasury 3.623 -0.034 7 YR Treasury 3.808 -0.032 10 YR Treasury 4.056 -0.025 30 YR Treasury 4.656 -0.031 Pricing as of: 9/18 5:48AM EST Other News Weather Cools Remodeling Perceptions Thu, Apr 19, 2018 2:57PM 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 gaug... (read more) Rates on Closed Loans at 4 Year High Thu, Apr 19, 2018 9:36AM 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 loans types, FHA, VA, and conventional. Refinancing slipped as the interest rate on 30-year fixed-rate mortgages r... (read more) Home Price Increases Outpace Income Gains - Again Thu, Apr 19, 2018 9:32AM 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 affordable locations nationwide based on the area's income and the website's active listings. The maximum affordabl... (read more) New Lender Products; Freddie and Fannie Updates; Rates Moving Higher Thu, Apr 19, 2018 9:11AM 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 management is cut, and word on the street has the company shuttering a whole channel. On the flip side, some companie... (read more) 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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