Builder confidence shot up in December, reaching the highest level the National Association of Home Builders (NAHB) has recorded in 18 years . NAHB said its Housing Market Index (HMI), which is cosponsored by Wells Fargo, gained 5 points to 74 from a downwardly revised (from 70) November reading. The Index, which measures NAHB's new home builder-members confidence in the market for newly constructed homes, was last at this level in July 1999. NAHB has been conducting the monthly survey for more than 30 years. NAHB asks builders for their perceptions of current single-family home sales and sales expectations for 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

December 18, 2017 Download our Mobile App: Download our Mobile App: Housing News Faith in New Home Market at 18-Year High Builder confidence shot up in December, reaching the highest level the National Association of Home Builders (NAHB) has recorded in 18 years . NAHB said its Housing Market Index (HMI), which is cosponsored by Wells Fargo, gained 5 points to 74 from a... (read more) Rob Chrisman New Products; The Tax Plan's Reality for Homeowners and Small Businesses We start the week with something pertaining to words and the internet, both near and dear to all of us. Here’s the New Yorker's cartoon take on the Trump administration repealing net neutrality . Despite claims of scaling back regulations, we h... (read more) MBS Commentary MBS Live Week Ahead: Decent Amount of Data, Tax Vote, and Holiday Closure While it's not on some economic calendars yet, this Friday will be an "early close" for bond markets, meaning no trading after 2pm ET.  Even then, very few human market participants remain in the office past lunch on such Fridays and more than... (read more) Housing News Freddie and Fannie May Get Another Jumpstart There has been a flurry of news about the two GSEs, Fannie Mae and Freddie Mac, in the last few weeks. The House Financial Services Committee recently advanced H.R. 4560, the GSE Jumpstart Reauthorization Act of 2017 to the full house for considerati... (read more) Mortgage Rate Watch Mortgage Rates Hold Recent Lows Mortgage rates moved slightly lower today, despite movement in bond markets that would have suggested otherwise. The paradoxical strength is likely due to the fact that bonds improved faster yesterday without mortgage lenders adjusting rate sheets ac... (read more) MBS Commentary MBS Live Recap: Bond Traders Have Had Enough Bond traders are increasingly saying "enough already! " when it comes to reacting to every little push and pull in the tug-o-war over the tax bill.  After headlines suggested Rubio may be pulling his "yes" vote yesterday, today's news was diffe... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.77% -0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.77% -0.01 0.00 15 Yr. Fixed 6.03% -0.01 0.00 30 Yr. FHA 6.35% 0.00 0.00 30 Yr. Jumbo 6.90% 0.00 0.00 7/6 SOFR ARM 6.25% +0.01 0.00 30 Yr. VA 6.36% 0.00 0.00 Updates Daily - Last Update: 7/22 15 Yr. Fixed Rate 6.03% -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 99.40 -0.11 Price / Yield Change MBS UMBS 5.5 99.41 -0.10 UMBS 6.0 101.33 -0.07 GNMA 5.5 99.66 -0.12 GNMA 6.0 101.24 -0.09 Pricing as of: 7/23 12:18PM EST 10 Year US Treasury 4.3748 +0.0288 Price / Yield Change US Treasury 2 YR Treasury 3.859 +0.030 5 YR Treasury 3.914 +0.029 7 YR Treasury 4.128 +0.030 10 YR Treasury 4.374 +0.028 30 YR Treasury 4.944 +0.027 Pricing as of: 7/23 12:18PM EST Latest Video House tax bill vote to come as early as Tuesday Dow jumps 145 points as Street cheers upcoming tax bill vote Santelli Exchange: Is the flattening curve trade overdone? Around the Web Calculated Risk Blog Early Read on Existing Home Sales in November Bloomberg House and Senate Poised to Approve Final Tax Bill by Wednesday Calculated Risk Blog A few comments: Housing and Policy consumerfinancemonitor.com Will FCC reversal on net neutrality rules impact consumer payments? Bloomberg Fed's Kashkari Says Flatter Yield Curve Helped Motivate Dissent CNBC As California fires blaze, homeowners fear losing insurance Fannie Mae Fannie Mae Publishes Final Duty to Serve Underserved ... Brookings Institution Future Development Reads: How much should corporate income be taxed? NAHB Eye on Housing Builders Confident As Market Primed to Expand in 2018 Freddie Mac The Best Housing Market in a Decade, Now What? Fannie Mae Economy Expected to End 2017 on a Cheerful Note | Fannie Mae NAR - Realtor.com Righteous Renovations! These Home Features Are Proven to Pay Off Bloomberg Bond Traders Flatten Yield Curve Even as Inflation Set to Bounce

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