Builder confidence in the market for newly built single-family homes slipped again in April, edging down 1 point to 69. The National Association of Home Builders (NAHB) said its NAHB/Wells Fargo Housing Market Index (HMI) edged down one point to 69. The HMI has slipped 1 point in each of the last three months. The builders' group said however that the Index remains "on firm ground." Derived from a monthly survey that NAHB has been conducting for 30 years, the HMI gauges its new home builders' perceptions of both the current market for newly built single-family homes and expectations for those sales over 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 each component

April 16, 2018 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.28% -0.01%   6.11% 7.26% 15 Yr. Fixed 5.65% +0.05%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Apr 16, 2018 Mortgage Rates Rise Despite Market Improvement Fri, Apr 13, 2018 3:52PM Mortgage rates were slightly higher for most lenders today even though underlying bond markets suggested the opposite. This is partly a timing issue. Yesterday saw bond markets weaken throughout the day. Weaker bonds imply higher rates. After a certain amount of weakness, mortgage lenders will adjust rates and re-issue new rate sheets (aka a "negative reprice"). Many lenders did this yesterday, but not all of them. Even among the group that repriced, most of them did so earlier in the afternoon and bonds continued to weaken through the end of the day. The net effect of all of the above is that... (read more) Mortgage Rates Back to Unchanged After Starting Higher Mon, Apr 16, 2018 4:38PM Mortgage rates began the day at higher levels, as bond markets lost ground overnight. Bonds dictate rates, and "losing ground" means bond prices are falling. When bond prices fall, rates move higher. There's some chatter in the marketplace about developments in Syria being the motivation for every little move in bonds/rates. Rather, it's more accurate to say it's ONE OF the motivations behind SOME of the moves. Bonds had a few other concerns overnight. That's why they were able to improve during domestic hours even though nothing changed with respect to Syria. As bonds improved, most lenders e... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.28% -0.01 0.00 15 Yr. Fixed 5.65% +0.05 0.00 30 Yr. FHA 5.94% -0.01 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.62% +0.03 0.00 30 Yr. VA 5.95% -0.02 0.00 Updates Daily - Last Update: 9/8 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 5.5 101.28 +0.16   97.47 101.61 UMBS 30YR 6.0 102.54 +0.05   99.66 102.54 10 YR Treasury 4.039 -0.047   3.621 4.780 MBS Live Week Ahead: Range Breakout In The Spotlight; Red Herrings Mon, Apr 16, 2018 10:10AM Another week, another change to savor the scent of red herring in the air.  Have you ever smelled a herring--let alone a red one?  They're oily little bait-fish (like a bigger anchovy) and once out of the ocean (or the bait freezer at your ... (read more) MBS Live Recap: Technically Stronger, But... Fri, Apr 13, 2018 8:33PM Bonds were technically stronger today.  There is green on the screen right now for everything but 2yr Treasuries.  It's not huge, but at least it's in the right direction.  10's ended the day down nearly 2bps and Fannie 3.5 MBS were ... (read more) MBS Price Change UMBS 5.0 99.78 +0.31 UMBS 5.5 101.28 +0.16 UMBS 6.0 102.54 +0.05 GNMA 5.0 100.07 +0.24 GNMA 5.5 101.19 +0.06 GNMA 6.0 102.18 +0.05 Pricing as of: 9/8 7:06PM EST US Treasury Yield Change 2 YR Treasury 3.487 -0.030 5 YR Treasury 3.562 -0.027 7 YR Treasury 3.768 -0.032 10 YR Treasury 4.039 -0.047 30 YR Treasury 4.690 -0.079 Pricing as of: 9/8 7:06PM EST Other News Builder Confidence Dips Slightly, Still Near All-Time Highs Mon, Apr 16, 2018 11:01AM Builder confidence in the market for newly built single-family homes slipped again in April, edging down 1 point to 69. The National Association of Home Builders (NAHB) said its NAHB/Wells Fargo Housing Market Index (HMI) edged down one point to 69. The HMI has slipped 1 point in each of the last three months. The builders' group said however that the Index ... (read more) Chase's Demand Letters; Capital Markets Update; Zillow is Doing What? Mon, Apr 16, 2018 9:14AM There is always something new in the legal arena, right? Below is news that JPMorgan Chase is pursuing remedies. Is it “legal” for Zillow to compete with real estate agents, or private investors, or to out-bid individuals or families in buying a house? My guess is “yes,” and they have plenty of lawyers to make sure – and join Bl... (read more) Latest Video Trump to nominate Clarida as Fed's vice chairman White House set to announce two Fed nominees Home bulider sentiment drops in April Around the Web CNBC America's most popular investment vehicle has its work cut out for it this year NAR - Realtor.com Cities With the Worst Rent: Is This How Much You're Coughing Up? Calculated Risk Blog Sacramento Housing in March: Sales Decrease Slightly YoY, Active Inventory up 19% YoY Reuters Fed's Kaplan says he has no problem with being 'restrictive' NAR - Realtor.com Homebuilding Isn't Keeping Up With Growth, Development Group Says Calculated Risk Blog Earlier from the NY Fed: Manufacturing "Business activity grew at a solid clip in New York State" NPR California's Housing Crisis: Working But On The Brink Of Homelessness CNBC Fed's Dudley: More than four interest rate hikes unlikely this year CNBC Fed's Dudley: More than four interest rate hikes unlikely this year blog.stewart.com Another Top-10 List States with the Greatest (and Least) Increase in Personal Income from 2016 to 2017 Calculated Risk Blog Retail Sales increased 0.6% in March Reuters BofA profit beats estimates on higher interest rates, loan growth Bloomberg What to Expect From Retail Sales After the Trump Tax Cuts

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