The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) set a new high this month, breaking a record that it set only 30 days earlier. The Index, a measure of builder confidence in the new home market, rose 5 points to 83 in September. A 6-point increase in August had shot the Index to 78 , tying it with the previous high set in December 1988. " Historic traffic numbers have builders seeing positive market conditions, but many in the industry are worried about rising costs and delays for building materials, especially lumber," said NAHB Chairman Chuck Fowke. "More domestic lumber production or tariff relief is needed to avoid a slowdown in the market in the coming months." " Lumber prices are now up more than 170 percent since mid-April , adding more than $16

September 16, 2020 Download our Mobile App: Download our Mobile App: Housing News Builder Confidence at All-Time High The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) set a new high this month, breaking a record that it set only 30 days earlier. The Index, a measure of builder confidence in the new home market, rose 5 points to... (read more) Mortgage Rate Watch What Will The Fed Do to Mortgage Rates? What will the Fed do to mortgage rates ? This is actually a bit of a trick question . The Fed doesn't set mortgage rates. The Fed's policy rate applies to overnight loans between large financial institutions. The only way it directly influences mortg... (read more) Rob Chrisman Production, VP Consumer Direct Jobs; Jumbo, CRM, Anti-Fraud, CD Products; Ginnie Hits $2.1 trillion The Fed Funds futures market sees the Fed holding pat on rates well into 2022. What could cause rates to go up? A vaccine. Until definitive news like that comes along, the financial markets and our home lives steadily move through the calendar. GM is... (read more) Housing News Latest Mortgage App Volume Down Over Holiday-Shortened Week The Mortgage Bankers Association (MBA) reports that mortgage applications declined during the week ending September 11, 2020. The week's results include an adjustment for the Labor Day holiday. MBA's Market Composite Index, a measure of all mortgage ... (read more) Housing News Lenders Upbeat About Profits, Loan Demand Mortgage lenders had an excellent second quarter in terms of profitability according to the Mortgage Bankers Association, and Fannie Mae's Lender Sentiment Survey for the third quarter indicates they expect that situation to continue. Forty-eight per... (read more) MBS Commentary MBS Live Recap: What Did The Fed Actually Change? What Did The Fed Actually Change? Here are the most notable changes: The vague notion of symmetric 2 percent inflation has been replaced with a specific goal of "moderately above 2 percent so that it aver... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.75% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.75% +0.02 0.00 15 Yr. Fixed 5.98% +0.01 0.00 30 Yr. FHA 6.27% +0.02 0.00 30 Yr. Jumbo 6.85% +0.01 0.00 7/6 SOFR ARM 6.32% -0.01 0.00 30 Yr. VA 6.29% +0.03 0.00 Updates Daily - Last Update: 7/3 15 Yr. Fixed Rate 5.98% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.67% -0.10 0.00 15 Yr. Fixed 5.80% -0.09 0.00 Updates Weekly - Last Update: 7/3 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.79% -0.09 0.62 15 Yr. Fixed 6.06% -0.05 0.67 30 Yr. Jumbo 6.78% -0.10 0.40 Updates Weekly - Last Update: 6/26 MBS / Treasuries UMBS 30YR 5.5 99.64 -0.20 Price / Yield Change MBS UMBS 5.5 99.64 -0.20 UMBS 6.0 101.43 -0.13 GNMA 5.5 99.86 -0.11 GNMA 6.0 101.34 -0.06 Pricing as of: 7/5 8:33PM EST 10 Year US Treasury 4.3467 +0.0669 Price / Yield Change US Treasury 2 YR Treasury 3.883 +0.095 5 YR Treasury 3.937 +0.070 7 YR Treasury 4.125 +0.068 10 YR Treasury 4.347 +0.067 30 YR Treasury 4.863 +0.055 Pricing as of: 7/5 8:33PM EST Latest Video We are certainly not out of ammo: Fed's Powell Fmr. Fed Reserve Vice Chair Stanley Fischer on Fed's response to coronaviru... NAHB: Homebuilder confidence hits all-time high Here's what the August retail sales miss means for the economy Around the Web CNBC Fed picks its side in inflation debate and sends market a message no rate hikes for years CNBC Fed holds rate steady and promises to stay there for years CNBC Watch Fed Chair Powell discuss the central bank's latest decision with live updates & analysis CNBC Coronavirus crisis caused 40% of parents to change their job situation, survey finds Calculated Risk Blog NMHC: Rent Payment Tracker Shows Decline in Households Paying Rent in September CNBC Homebuilder sentiment soars to record high, but lumber prices raise a red flag Calculated Risk Blog Retail Sales increased 0.6% in August CNBC In last meeting before election, the Fed could placate markets with promise of low rates for years CNBC Treasury yields edge lower as investors await Fed verdict CNBC Here's how homeowners can prepare for insurance claims after Hurricane Sally CNBC The Fed could could still move markets Wednesday even with rates on hold for the foreseeable Calculated Risk Blog Technical Note: September Employment Report Will Probably Show a Decrease in Temporary Census Workers CNBC JPMorgan CEO says a failure to think long-term is causing governments to make really dumb decisions'

© 2025  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.