Builders are building more houses, but a survey conducted by the National Association of Home Builders (NAHB) found they are essentially building the same ones . The survey, released during the association's International Builders' Show last week, found the size and configuration of homes built in 2017 changed little from the previous year , even though builders increased their output by 9 percent. Home sizes had been trending down , but they were up ever so slightly last year, from 2,622 square feet (SF) in 2016 to an average of 2,627 SF in 2017. Forty-six percent of homes had four bedrooms and 37 percent had at least three full baths compared to 45 percent and 35 percent respectively in 2016. Home builders continue to battle problems of affordability due to the scarcity of buildable lots

January 16, 2018 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.29% +0.01%   6.11% 7.26% 15 Yr. Fixed 5.69% +0.04%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Jan 16, 2018 Mortgage Rates Still Working on That Ceiling Tue, Jan 16, 2018 3:20PM Mortgage rates didn't move much today. Most lenders were just slightly lower/better this morning, but mid-day market weakness prompted several of them to reissue higher rates. In the bigger picture, however, the past several days represent a welcome stint of relative calm. The general trend had been toward higher rates beginning in mid-December. Granted, that general trend could continue and the past few business days could merely be a pause. But the point is, whether it's a pause or the beginning of a reversal, either would begin the same way. The important development in underlying bond mark... (read more) Mortgage Rates Avoid More Dire Outcomes After Inflation Report Fri, Jan 12, 2018 8:00PM Mortgage rates caught a break yesterday by moving lower for the first time this week. They arguably caught a break again today by not moving any higher than they did. Underlying bond markets (which drive mortgage rate changes) were rocked this morning by stronger inflation data. The important Consumer Price Index (CPI) was expected to hold steady at the same low levels that have persisted since the middle of 2017. The modest uptick in inflation sent bond yields higher and resulted in most mortgage lenders putting out noticeably higher rates this morning. Lenders don't like to put out more than... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.29% +0.01 0.00 15 Yr. Fixed 5.69% +0.04 0.00 30 Yr. FHA 5.98% +0.04 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.68% +0.06 0.00 30 Yr. VA 6.00% +0.05 0.00 Updates Daily - Last Update: 9/9 Freddie Mac Rate Change Points 30 Yr. Fixed 6.50% -0.06 0.00 15 Yr. Fixed 5.60% -0.09 0.00 Updates Weekly - Last Update: 9/4 Mortgage Bankers Assoc. 30 Yr. Fixed 6.64% -0.05 0.59 15 Yr. Fixed 5.84% -0.19 0.84 30 Yr. Jumbo 6.58% -0.09 0.39 Updates Weekly - Last Update: 9/3 UMBS 30YR 5.5 101.05 -0.02   97.47 101.61 UMBS 30YR 6.0 102.36 -0.02   99.66 102.50 10 YR Treasury 4.088 +0.004   3.621 4.780 MBS Live Week Ahead: Light Data, Glimmer of Hope, and a Word of Caution Tue, Jan 16, 2018 9:36AM Don't get too excited.  Despite a few close calls and false alarms, bonds managed to close below last Tuesday's highs for three days in a row.  Now they begin the 4th day in slightly stronger territory.  To an optimist's eye, the bond ... (read more) MBS Live Recap: China Must be Buying Fri, Jan 12, 2018 7:58PM I laughed out loud today--something I rarely do when reading typed words--after MBS Live cornerstone Sung Kim quipped "thank God China is buying today!" This joke works on so many levels.  Much of the week was devoted to chasing a red herring of a story that claimed China was mulling a reduction in its US Treasury portfolio.  Rational people or t... (read more) MBS Price Change UMBS 5.0 99.46 +0.02 UMBS 5.5 101.07 0.00 UMBS 6.0 102.37 0.00 GNMA 5.0 99.74 +0.01 GNMA 5.5 101.02 -0.02 GNMA 6.0 102.02 +0.04 Pricing as of: 9/9 10:35PM EST US Treasury Yield Change 2 YR Treasury 3.550 -0.018 5 YR Treasury 3.608 -0.019 7 YR Treasury 3.808 -0.025 10 YR Treasury 4.081 -0.002 30 YR Treasury 4.720 -0.014 Pricing as of: 9/9 10:35PM EST Other News Housing Demands are Changing, Builders Slow to Follow Tue, Jan 16, 2018 11:00AM Builders are building more houses, but a survey conducted by the National Association of Home Builders (NAHB) found they are essentially building the same ones . The survey, released during the association's International Builders' Show last week, found the size and configuration of homes built in 2017 changed little from the previous year , even though buil... (read more) Natural Disasters and Compare Ratios; Q3 Performance and Fee Changes Tue, Jan 16, 2018 9:16AM Replacing real estate agents with “something else that doesn’t earn a 6% commission” is certainly a discussion topic. Here’s one new venture: peer to peer real estate marketplace . But as Brian B. from New Jersey points out, “If a new company says it’s taking out the middleman and it will handle all the paperwork, isn&rsqu... (read more) Latest Video Santelli Exchange: Who is leading the market 'dance?' Komal Sri-Kumar: ‘Irrational exuberance’ tends to last a long time Santelli Exchange: 'Summer' time in January Around the Web Reuters Wells Fargo loses bid to end Philadelphia predatory lending lawsuit Bloomberg Weidmann Says Predictions for Mid-2019 ECB Rate Hike Are Realistic Calculated Risk Blog Update: Predicting the Next Recession Reuters U.S. government shutdown looms amid harsh immigration exchange NAR - Realtor.com Beware of Landlords Offering Freebies and Discounts to Get You to Sign Reuters Dow hits 26,000 for first time on earnings optimism Bloomberg 'Explosion' in US Bond Supply Endangers Global Market Rally - Bloomberg Freddie Mac Freddie Mac Leads Nation as Top Multifamily Lender for Third Straight Year Calculated Risk Blog Q4 GDP Forecasts Freddie Mac Freddie Mac Prices $793 Million Multifamily K-Deal, K-1504 NAHB Eye on Housing Building Materials Prices and Labor Access Top Challenges for 2018 consumerfinancemonitor.com Treasury to recommend CRA changes NAHB Eye on Housing Employment Rose in Most States

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