Unlike many other countries, America has a consumer-driven economy. The National Association of Home Builders (NAHB), in a couple of recent entries in its Eye on Housing blog, highlights the role home buying plays in that dynamic. NAHB's Natalia Siniavskaia used data from the Bureau of Labor Statistics' most recent (2012-2014) Consumer Expenditure Survey (CES) to determine what a buyer spends on appliances, furniture, and remodeling in the first two years after they buy a home. Siniavskaia looked at buyers of both new and existing homes, and compared each to a non-moving homeowner. Buyers of new homes spend most , outspending non-movers by a factor of 2.6. Buyers of existing homes spend twice as much as non-moving owners. The typical new-home buyer spends an average of $4,500 more than a non

July 13, 2017 Download our Mobile App: Download our Mobile App: Housing News What Homeowners Are Buying In Addition To The Home Unlike many other countries, America has a consumer-driven economy. The National Association of Home Builders (NAHB), in a couple of recent entries in its Eye on Housing blog, highlights the role home buying plays in that dynamic. NAHB's Natalia Sini... (read more) Rob Chrisman Lawsuit News; Appraisal Trends and Compensation; Builder's VR App For Showings As Abraham Lincoln said, “Don’t believe everything you read on the internet.” But I turned to the internet to find out how many languages there are in the world and it seems there are 6,909 “living” languages. How many a... (read more) Mortgage Rate Watch Mortgage Rates at 2-Week Lows After Yellen Mortgage rates had been holding in a narrow range near their highest levels in roughly 3 months over the past few days. Despite some stability in underlying bond markets, lenders had hesitated to make meaningful adjustments to rate sheets (in their d... (read more) MBS Commentary MBS Live Day Ahead: Familiar Floor Reemerges Ahead of Tomorrow's CPI Data For the entire first quarter of 2017, bonds held inside a range from roughly 2.30 to 2.60 in terms of 10yr yields.  This was the purgatory we occupied after the US presidential election as we waited to see if things would get worse before they... (read more) Housing News Positive Opinion of Housing's Investment Value Highest in Decade Time heals all wounds as the old saying goes, and the decade that has passed since the housing crisis seems to have allowed many Americans to recover from its attendant shocks. The National Association of Realtors'® (NAR's) 2017 National Housing ... (read more) MBS Commentary MBS Live Recap: Bonds Build Case for Support After Yellen " Support " and " resistance " are two terms often thrown around in market analysis.  They loosely refer to ceilings and floors respectively (as far as rates are concerned), but it's slightly more complicated than that (as covered in our primer ... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.78% +0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.78% +0.01 0.00 15 Yr. Fixed 6.04% +0.01 0.00 30 Yr. FHA 6.36% +0.01 0.00 30 Yr. Jumbo 6.90% 0.00 0.00 7/6 SOFR ARM 6.25% 0.00 0.00 30 Yr. VA 6.38% +0.02 0.00 Updates Daily - Last Update: 7/23 15 Yr. Fixed Rate 6.04% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.75% +0.03 0.00 15 Yr. Fixed 5.92% +0.06 0.00 Updates Weekly - Last Update: 7/17 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.84% +0.02 0.62 15 Yr. Fixed 6.14% +0.03 0.69 30 Yr. Jumbo 6.75% -0.06 0.70 Updates Weekly - Last Update: 7/23 MBS / Treasuries UMBS 30YR 5.5 99.41 -0.10 Price / Yield Change MBS UMBS 5.5 99.35 -0.16 UMBS 6.0 101.27 -0.12 GNMA 5.5 99.60 -0.18 GNMA 6.0 101.22 -0.11 Pricing as of: 7/23 1:02PM EST 10 Year US Treasury 4.3758 +0.0298 Price / Yield Change US Treasury 2 YR Treasury 3.873 +0.043 5 YR Treasury 3.929 +0.044 7 YR Treasury 4.144 +0.045 10 YR Treasury 4.388 +0.042 30 YR Treasury 4.957 +0.041 Pricing as of: 7/23 1:02PM EST Latest Video GOP releases revised health-care bill in Senate, includes 'skimpy plans;' t... Revised health care bill still faces resistance from senators Why one trader is buying bonds after Yellen's speech Around the Web Market Watch Yellen says Fed will mind the yield curve as it reduces bond holdings Bloomberg Yellen on Trump's 3% Growth Goal: 'I'd Love to See It' Bloomberg Draghi to Attend Fed's Jackson Hole Before Key ECB Decision OCC OCC Reports Improved Mortgage Performance in First Quarter of 2017 CNBC A decade after Great Recession, 1 in 3 Americans still haven't recovered NMHC HUD Releases Positive Revisions to FMR and SAFMR Standards NMHC Apartment Industry Makes Its Case to Senate Finance CNBC Fed is prepared to act against Wells Fargo if warranted, Yellen says CNBC Yellen backtracks: 'We can never be confident there won't be another financial crisis' Freddie Mac Mortgage Rates Jump Again CNBC Here's how many Americans can't afford housing Redfin Home Prices and Buyer Competition Hit New Highs in June as Inventory Drought Dragged into 21st Consecutive Month Calculated Risk Blog Leading Index for Commercial Real Estate Increases in June

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