Pending Home Sales Second Highest in 10 Years; Rates Remain Exceptionally Flat

Despite some predictions that pending home sales would fall in July, they actually rose modestly to reach their second highest level in over a decade. The National Association of Realtors® reported that its Pending Home Sales Index (PHSI) was up 1.3 percent to 111.3 from a downwardly revised (from 111.0) 109.9 in June and was up 1.4 percent compared to July 2015. The index had reached its highest level since February 2006 this past April when it hit 115.0. The July index was second only to that number. NAR pronounced the increase in purchase contracts as broad-based ; only the Midwest failed to improve on its June numbers. Analysts surveyed by Econoday had projected the index could be in the range of a 1.8 percent decline to a 1.4 percent gain. The consensus was a positive move of 0.6 percent

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Average Fixer-Upper Home Lists for 8 Percent Discount; Buyers Save Only $11,000 For Renovations

Fixer-uppers in Bay Area and Seattle save buyers the most upfront cash for renovations; Phoenix and Miami fixer-uppers list for lowest cash discount

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Mortgage Bank Profits Double; Price Gains Moderate, Some Metros Shine; Rate Range Considerations

Mortgage originators surveyed by the Mortgage Bankers Association (MBA) saw production profits more than double in the second quarter compared to what had been a dismal Quarter One. Independent mortgage banks and mortgage subsidiaries of chartered banks told MBA they had averaged a net gain of $1,686 on each loan originated during the quarter, up from $825 per loan during the previous period. Marina Walsh, MBA Vice President of Industry Analysis, commented in the company's Quarterly Mortgage Bankers Performance Report that "Production profits more than doubled in the second quarter of 2016, as production volume rose and expenses dropped to a level not seen since the third quarter of 2015. Mortgage lenders also benefited from higher loan balances that reached a series-high of $245,394 and drove

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Rates Battle Back From Recent Highs; Non-Conventional Financing in New Home Market

Mortgage Rates were briefly at their highest levels in several weeks on Friday afternoon. This followed comments from the Fed's Jackson Hole symposium. Markets interpreted those comments as the Fed being more likely to hike rates in 2016--possibly even twice! While mortgage rates are based on MBS (mortgage-backed-securities), as opposed to the Fed Funds Rate (the thing the Fed is talking about hiking), if investors think the Fed is more likely to hike, MBS tend to lose some ground. Friday was made all the more "spooky" by the fact that much of the drama was transpiring in the afternoon on a summertime Friday. That may not sound too spooky , but for investors who are used to having lots of other investors to trade/buy/sell with, the comparative ghost town of a summertime Friday afternoon can

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Subway Tile Makes a Comeback in Kitchens, Baths

Photo credit: Karen Eubank, Eubank Staging & Design

By Melissa Dittmann Tracey, REALTOR® Magazine

Glassy subway tile is nothing new, but it’s coming back stronger in kitchens and bathroom remodels in whites or bolder geometric patterns.

“It’s classic, and a classic always remains,” says Karen Eubank, an interior designer with Eubank Staging & Design in Dallas. Richard Hoey, president and CEO of Active Renter, a property management company that renovates single-family homes, says he’s noticing a change from simple, white subway tile to the use of more eccentric geometric shapes, such as in the kitchen where the rest of the space has a minimalist design.

“The juxtaposition between the overall simplicity of the room and the energy of the tiles really makes them stand out as a centerpiece,” Hoey says.

Photo by Wettling Architects – Look for beach style bathroom design inspiration

Photo by Rebekah Zaveloff | KitchenLab – Browse traditional kitchen photos

Photo by Fiorella Design – Browse traditional kitchen photos

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PMI Insurers Winning FHA Smackdown; Rates Higher After Fed Speakers

Among the charts and tests summarizing most of the housing finance news that emerged during July, the latest issue of the Urban Institute's (UI's) Housing Finance Chartbook contained a few unique visualizations. First, loans featuring coverage by private market insurers (PMI) surpassed the market share of loans insured by FHA for the first time in two years. This switch is apparently due to the April adjustment of PMI premiums, which dropped the cost for low risk borrowers and raised them for those with a higher credit risk profile. There has probably also been some impact on the distribution from some larger lenders who have focused on marketing the lower down payment opportunities offered through new GSE products. Whatever the reasons, the PMI industry's share of originations increased from

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Your Real Estate Dream Team - Show 394

Real Estate Today Radio - SHOW 394

On this week's Real Estate Today, it's our special show "Your Real Estate Dream Team."

This Week's Show Includes:
- Top News Of The Week
- No Respect
- You
- Ask The Millennial
- Smart Home Technology
- Get REALTOR(R)

Become a part of the community at http://retradio.com!

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Sprawling east-side RCA site finally could be ripe for redevelopment

The city is seeking bids to demolish the headquarters building at the northeast corner of Michigan and LaSalle streets, potentially clearing the 49-acre property for reuse.

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Home Values Rise for 48th Straight Month

Home values across the country continue to rise, up 5 percent over the past year to a median home value of $187,300.

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Appraisal Issues Affecting Sales Numbers; New Loan App; Potentially Significant Price Trend Shift

" Frustratingly low inventory levels in many parts of the country" take the blame from the National Association of Realtors® (NAR) for a drop in July existing home sales, the first loss after four straight months of gains. Resales of single-family homes, townhomes, condos, and co-ops were 3.2 percent below the level of sales the previous month and were slower on an annual basis for the first time since last November, coming in 1.6 percent below the rate in July 2015. Completed home sale transactions were at a seasonally adjusted annual rate of 5.39 million in July compared to 5.57 million in June and 5.48 million in July of last year. It was only the second time in 21 months that sales failed to better their year-earlier numbers. The numbers were below even the lowest of analysts' estimates

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One of downtown’s oldest buildings has new owner

Pinnacle Solutions is finishing up a $2 million renovation on the structure along East Washington Street and plans to move in on Sept. 1.

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Rates Steady to Slightly Lower; Delinquency Seasonality; More and More "Built-for-Rent"

Mortgage Rates were almost imperceptibly lower today, although underlying bond markets improved more noticeably. Why would rates not be more improved then? Part of the reason is the timing of Friday's market movements and lender rate sheet release times. Markets deteriorated after most lenders posted rates on Friday, but few lenders went to the trouble of raising rates during the day. Lenders that held steady on Friday would have likely posted higher rates today. But because of the market improvement, they were able to stay in line with Friday's offerings or improve just slightly. Later in the week, we'll hear from Fed Chair Yellen at Jackson Hole. This is one of those events that has high POTENTIAL to cause market movement, but not necessarily a guarantee . Between now and then, rates are

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Master Bathroom Remodels Are Going High-Tech

By Melissa Dittmann Tracey, REALTOR® Magazine

Home owners are increasingly investing to create luxurious, modernized master baths, according to the 2016 U.S. Houzz Bathroom Trends Survey of more than 2,100 home owners who are planning or recently completed a bathroom renovation project.

Of those surveyed, 20 percent say they are updating the toilet; 12 percent are updating a tub; and 9 percent are updating a shower with high-tech features.

High-tech toilet features home owners say they’re incorporating include self-cleaning functions, motion-activated seats, or built-in nightlights. Popular high-tech bathtub features are built-in lighting, heated backrests, and scented mist dispensers. The survey also showed the most popular high-tech shower updates are mood lighting, digital controls, and built-in sound.

Other popular luxury features that home owners say they’re spending on are rainfall showerheads (among 54 percent of those updating showers); bathtubs with room for two (20 percent of those upgrading tubs); adding chandeliers (17 percent of upgraded light fixtures); and bidet-equipped commodes (6percent of upgraded toilets).

Photo by ART Design Build – Look for contemporary bathroom pictures

Photo by dSPACE Studio Ltd, AIA – Discover contemporary bathroom design inspiration

Photo by Phil Kean Designs – Search contemporary bathroom design ideas

Home owners surveyed who recently completed a project say they most wish they had installed radiant heating, towel warmers, and super-sized showers during their bathroom renovations.

Of the remodeling home owners surveyed, two in five say they spent between $10,000 to $25,000 on master bathroom renovations. Another one-third surveyed said they spent more than $25,000.

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Rates Remain in Narrow Range Ahead of Important Week; Fannie Says No Hike in September

Mortgage Rates moved modestly higher today , but remain in an excruciatingly narrow range in the bigger picture. Actually, there's nothing too excruciating about it, unless you're trying to find something interesting to say about day-to-day rate movement. Otherwise, it's actually fairly pleasant that such a boring, persistent range has taken shape fairly close to all-time lows. In terms of conventional 30yr fixed quotes on top tier scenarios, the best we've ever seen was a range from 3.125%-3.25% on a few days in late 2012. We did manage to spend a few days back at 3.25% in early July 2016, but since then, this new range rests between 3.375% and 3.5% . In other words, rates have held for more than a month at levels that are a mere quarter point higher than the all-time lows that only held for

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First Time Sellers - Show 393

Real Estate Today Radio - SHOW 393

On this week's Real Estate Today, it's our special show "First Time Sellers."

This Week's Show Includes:
- Top News Of The Week
- First Time Seller Mistakes
- Always Buy, Never Sell
- Ask The Millennial
- Smart Home Technology
- Get REALTOR(R)

Become a part of the community at http://retradio.com!

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Mortgage Rates Slightly Lower; Ellie Mae Notes Higher Pull-Through and 739 Average FICO

Mortgage Rates continued avoiding drama today, moving moderately lower as bond markets held on to gains that followed yesterday's Fed Minutes. As we discussed yesterday, the Fed didn't say anything earth-shattering, but some investors were prepared for more clues about rate hikes in the near term. When those clues didn't show up, rates were able to come back down just slightly. Rates first improved in the secondary markets and Treasuries. When markets move in the afternoon--especially if that movement is just barely enough for a lender to consider changing rates--lenders will often wait until the following morning to make the adjustment. This was the case today as most lenders were in better territory right from the start. The improvement isn't enough to change actual interest rates, which

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Trader Joe's Castleton store about to get bigger

The specialty grocer is growing its footprint by taking over neighboring retail space and signing a long-term lease extension.

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Five Years into Housing Recovery, Negative Equity Still Affects more than 1 in 10 Homeowners

Homeowners who owe more than their homes are worth are nearly equally dispersed among urban and suburban communities in most metros across the country.

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Mortgage Rates Unfazed By Fed Minutes; Corelogic Predicts 20% Origination Gain; Apps Resume Downtrend

Mortgage Rates were sideways to slightly higher today, although some lenders offered modest improvements after the release of the Minutes from the most recent Fed meeting. Some investors were prepared for (or "worried about") the possibility that the Minutes would convey more resolve on the part of the Fed to hike rates in one of the upcoming meetings. Instead, the Minutes merely gave us more of the same "it depends" type of verbiage and noted that most of the Fed voters prefer to wait for more economic strength and signs of inflation before hiking. Because bond markets (which dictate rate movement) can defend against certain outcomes by trading in the direction of that outcome. In other words, if bond investors are worried the Fed might say something that makes rates move higher, they can

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Permits and Housing Starts Regain Footing; Rates Slightly Higher Ahead of Fed Minutes

Mortgage Rates were sideways to slightly higher today, depending on the lender. Several lenders issued mid-day reprices as bond yields moved higher throughout the day. Lenders who didn't reprice will begin tomorrow with slightly higher rates, all other things being equal. In other words, the underlying bond market deteriorated, but not enough for every lender to adjust rates in the middle of the day. Instead, that deterioration will be reflected in tomorrow morning's rate sheets unless bond markets happen to bounce back (toward lower yields) overnight or early tomorrow morning. Tomorrow's biggest source of potential volatility is the release of the minutes from the most recent Fed meeting at 2pm ET. This gives investors a chance to examine the Fed's discussion leading up to the late July policy

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Developer nixes north-side apartment project on par-3 golf course

A city filing shows Herman & Kittle no longer is pursuing its plans to build the 306-unit development on 96th Street that neighbors never embraced.

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Freddie sees Banner Year for Originations; Rates Playing The Range; Buyer Traffic Weighing on Builder Confidence

Strong home sales, near-historic low interest rates, a burst of refinancing, and continued home price growth are moving Freddie Mac's economic team to predict that mortgage originations will top $2 trillion this year. That will be the highest volume since 2012 . The prediction comes in the current edition of the company's Economic and Housing Research Outlook despite what the authors term overall weak economic growth. The mortgage markets continue to feel the impact of the United Kingdom's Brexit vote . The report says the continued flight to safety it, along with other global factors, triggered held the average 10-year Constant Maturity Treasury yield to 1.5 percent in July although that is higher than the low or even negative yield in much of the developed world. Those rates are continuing

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Roundup: Wine bar uncorking Broad Ripple locale, downtown sub shop closing

Louie's Wine Dive is poised to take prime space in Broad Ripple that's been vacant for years, while Penn Station is leaving West Washington Street and heading south.

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5 Kitchen Design Trends to Take From Model Homes

The model homes of builders are known for showcasing the latest interior design trends in trying to appeal to home shoppers. So what’s trending when it comes to the kitchen?

PulteGroup’s Interior Designs Team is merchandising about 425 model homes in 2016. The kitchen is a big area that gets a lot of the design team’s focus too.

“Today’s home buyers are willing to spend more in the kitchen – from energy-efficient appliances to quartz countertops,” says Janice Jones, PulteGroup’s national vice president of interior design. “We continuously conduct consumer focus groups to best understand what they want in their kitchens and are constantly refining our kitchen designs and its elements to ensure it delivers on functionality, creative design and easy maintenance across all our buyer groups.”

Jones cites five kitchen trends in 2016 that they are reflecting in many PulteGroup model homes lately. These trends also can serve as inspiration for home owners planning renovation projects or wanting ideas for easy updates, Jones notes.

1. Contrasting materials

Materials are getting mixed in the kitchen. Contrasting colors and styles are combined to create a more unique space. For example, mixed marbles and metals in a space can help highlight gray wood tones.

Photo courtesy of PulteGroup

2. Decorative lighting

Bold and oversized lighting choices are popular choices. “Decorative lighting is key in the kitchen and adds dramatic flair as well as functionality to the kitchen, especially over the kitchen island,” according to PulteGroup’s Interior Designs Team.

Photo courtesy of PulteGroup

3. Transparency

Switch out some cabinet doors with glass doors. It can help you extend visual boundaries while also allowing home owners to display some of their favorite things and add more personalization to a space.

Photo courtesy of PulteGroup

4. Storage

Home owners are always looking for more storage, especially in the kitchen. Double-stacked cabinets that extend to the ceiling can help maximize storage space.

Photo courtesy of PulteGroup

5. More drawers, less doors

Having plenty of kitchen drawers can add more functionality in storage. Home owners are showing preferences toward more drawers over cabinets that you open with doors. Bold hardware can then added to the drawers to add more design appeal, PulteGroup says.

Photo courtesy of PulteGroup

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Brownsburg Homes For Sale

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Rates Back to 1-Month Lows; No Doesn't Always Mean No; CA Cannabis Vote's Impact on Lending

Just a day after bouncing firmly higher from the lowest levels in a month, mortgage rates are right back down to the bottom of the recent range. For some lenders, there have been one or two days with lower rates over the past, but for most, today is the best in exactly one month. Incidentally, that also puts rates fairly close to the lowest levels in 3 years seen in the immediate wake of the UK vote to leave the European Union (Brexit). For flawless scenarios, 3.375% is now a more prevalent quote than 3.5% on conventional 30yr fixed loans. At current levels, the most aggressive fringe of the marketplace is beginning to offer 3.25% again--a rate that enjoyed a brief spat of popularity in early July. It should also be noted that government rates (FHA/VA/USDA) have been shining of late, with several

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First Time Buyers - Show 392

Real Estate Today Radio - SHOW 392

On this week's Real Estate Today, it's our special show "First Time Buyers."

This Week's Show Includes:
- Top News Of The Week
- Five First Time Buyer Mistakes
- First Time Buyer's Timeline
- Ask The Millennial
- Smart Home Technology
- Get REALTOR(R)

Become a part of the community at http://retradio.com!

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Many Big-City Renters Earn Enough to Buy

San Jose, San Diego, and San Francisco have the highest percentage of renters who could afford to purchase a home, according to a Zillow analysis

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Rates Bounce Higher; Normal Seasonal Stall in Sales; Millennial Homeownership Gap

Mortgage rates bounced higher today , after 2 solid days of improvement. In the bigger picture, rates are still closer to the lowest levels of the past month, but it's worth mentioning that the range is incredibly narrow over that time. Most lenders have been quoting either 3.375% or 3.5% on top tier conventional 30yr fixed scenarios. Today's increase acted to reject a potential break below the range as it wouldn't have taken much more improvement to see more 3.25% quotes showing up. Bottom line, we're back to waiting on the range to be broken. It could take weeks at the pace we're going, but would not likely take longer. Reason being: markets will almost certainly come away from Janet Yellen's August 26th speech at Jackson hole with a clearer sense of Fed rate hike potential heading into the

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Renderings detail $30M apartment project under way near Fashion Mall

The apartment project, part of the larger River North development, has a name now and should begin welcoming its first residents late this year.

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Rates Near 1-Month Lows; Realtor Commission Revelations; Refi Apps Surge; Boomer Opportunity

Mortgage rates improved again today , bringing them back in line with the lowest levels of the month. Considering that today is only the 10th day of the month, that might not mean too much, but indeed today's rates are right in line with lowest levels in more than 30 days. Increasingly, lenders are able to quote 3.375% on top tier conventional 30yr fixed scenarios. Some of the most aggressive lenders are back to 3.25%, but such quotes are almost non-existent compared to the 3.375%-3.5% range. In the bigger picture, before this week, there was good reason to worry that rates might be breaking higher out of narrow range stretching back to late June. But in just a few days, we're already close to the lower side of that range. At the very least, we can say we've seen a solid bounce off the proverbial

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Experts: New Jobs in the Midwest to Drive Migration Back to the Heartland

Strong job markets on the coasts have drawn people away from Middle America, but experts surveyed in Zillow's Home Price Expectations Survey said the trend will reverse

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Housing Distress Dwindling, Confidence Surging; Rates Bounce Lower to Stay in Range

The national foreclosure scenario continues to improve . CoreLogic's June National Foreclosure Report shows the foreclosure inventory declined by 25.9 percent from the previous June and completed foreclosures nationwide decreased year over year from 40,000 in June 2015 to 38,000 in June 2016. That was a year-over-year drop of 4.9 percent and a decrease of 67.5 percent from the peak of 117,835 completed foreclosures in September 2010. Completed foreclosures increased by 5.1 percent to 38,000 in June 2016 from the 36,000 reported for in May. As basis of comparison, CoreLogic says completed foreclosures averaged 21,000 per month nationwide between 2000 and 2006 before the housing downturn began. Since the financial crisis began in September 2008, there have been approximately 6.3 million completed

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Rates Threaten to Break Range; GSEs Survive Stress Test; Return of The Bidding War

Mortgage rates continued higher today, extending a sharp move that began on Friday following stronger-than-expected employment data. There are two distinctly different ways to look at the current rate environment. On the one hand, the average conventional 30yr fixed rate continues hovering in the mid 3's on top tier scenarios. While that's not quite as low as it was in early July, or on some occasions in 2012-2013, it's still in the territory of "all-time lows" in the big picture. On the other hand, current rates are near the highest levels in just over a month. This means they're 'threatening' --for lack of a better term--to break out of the low range that followed The UK's vote to leave the EU (Brexit). According to some schools of thought, once rates move up and out of that range, it could

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A Trendy Solution for Home Interiors: The Barn Door

Photo credit: Malte Strauss, Trust International Real Estate LLC

By Melissa Dittmann Tracey, REALTOR® Magazine

Sliding barn doors can add a modern twist to an interior space. Malte Strauss, broker and owner of Trust International Real Estate LLC in Deltona, Fla., says the barn door trend has caught on in central Florida.

“They are great for locations where a swinging door would infringe on the space and where there is not a conventional doorway,” Strauss says. “We use them all the time in master bathrooms where there is a vanity area that is separate from the tub commode area.”

They can also be a great solution in modernizing the vanity area of homes from the 1970s and 1980s, which tended to have the vanity in the master bedroom rather than in the bathroom. “Now we just close those off with a barn door and buyers love that solution,” Strauss says.

 

Photo by Artistic Designs for Living, Tineke Triggs – Look for farmhouse bedroom pictures

Photo by Robert Paige Cabinetry LLC – Discover transitional kitchen design inspiration

Photo by Design Platform – Look for midcentury bedroom pictures

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Rates Jump Following Strong Jobs Data; Proposed Changes to HPML Appraisals; MBA Tunes Up Credit Availability Index

Mortgage rates moved higher at the fastest pace in more than 3 weeks today, following a much stronger-than-expected jobs report. The Employment Situation is widely regarded as the single most important economic report month in and month out. It always has the potential to move markets--especially interest rates. Economists and analysts actively attempt to predict the results of the report and the median forecast is generally "priced-in" to markets ahead of time. In other words, high or low job creation, in and of itself, doesn't push rates higher or lower on the actual day of the report. Rather, it's the gap between the consensus forecast and the actual result. In today's case, the median forecast called for the creation of 180k new jobs while the actual tally was an impressive 255k. Wages

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Going Global - Show 391

Real Estate Today Radio - SHOW 391

On this week's Real Estate Today, it's our special show "Going Global."

This Week's Show Includes:
- Top News Of The Week
- Americans Buying Abroad
- Buying in the USA
- Ask The Millennial
- Smart Home Technology
- Get REALTOR(R)

Become a part of the community at http://retradio.com!

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Roundup: The Boiling, Jack's Pizza opening downtown; Metro Diner adding third outpost

Seafood restaurant The Boiling is taking space where its oddly named predecessor lasted mere months, while Metro Diner is coming to a college campus.

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Former funeral home on East 10th Street to become events center

A downtown developer has bought the large, Victorian-style home that was built in 1898 by Fremont Alford, a prominent Marion County judge.

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Downtown Ruth's Chris to undergo $2M renovation as stakes rise

The steak house will close for three weeks in early September to allow for updates to the 20-year-old space in Circle Centre. It faces growing competition downtown among red-meat purveyors.

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Rent Appreciation Already Peaked; Buyers Not Boomeranging; Rates Hold Mid 3's; BOK Exits Correspondent

As the housing boom ended rents for single-family homes also crashed, going from annual growth of better than 2 percent in late 2007 to -3 percent by the end of 2009. But they began to bounce back long before home sales and prices did so, climbing rapidly into the 4 percent growth range and remaining there for several years. The growth in rents and decreasing rental vacancies spurred a surge in multi-family construction . Housing permits and starts for the sector have frequently been the main drivers of residential construction numbers. At the same time the tide of foreclosures caused many single-family properties to convert to rentals and many former homeowners to become renters as large and small investors stepped in to buy houses out of lender inventories. CoreLogic Deputy Chief Economist

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Rates Edge Higher; Slow Week For Mortgage Apps; Anti-Money Laundering Discussion

Mortgage rates were nominally higher today, though you'd be hard-pressed to find any evidence of that on lender rate sheets. For all practical purposes, rates haven't moved since last Thursday afternoon. During that time, any detectable changes have come in the form of small adjustments in closing costs, with no change to the interest rate quoted. Most lenders are offering conventional 30yr fixed rates in a range of 3.375-3.5% on top tier scenarios at the moment. A scattered few are up at 3.625%. In the bigger, more stategic picture, it was fair to hope that rates were breaking out of a sideways range last Friday and might begin to build momentum this week. Instead, they've backtracked, putting us right back in the same position. Specifically, the range is sideways, and we're waiting for a

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Rates Rise; Potential Volatility Ahead; Freddie Didn't Need Taxpayer Help After All; Price Gains Still Cooling

Mortgage rates moved higher again today, after hitting the lowest levels in roughly 2 weeks last Friday. Like yesterday, today's increase was fairly minimal in the big picture, but successive days of weakness can add up. Unlike yesterday, most borrowers would now be seeing slightly higher costs on today's rate quotes compared to Friday's. Here's the good news though: apart from the past 2 days, today's rates are the lowest in more than 2 weeks . After rising to a range of 3.5-3.625% last week, conventional 30yr fixed rates are now more likely to be quoted in a 3.375-3.5% range on top tier scenarios. Low rates aside, today's market movements are suggesting a more defensive strategy (less interested in floating). Although mortgage rates are not directly linked to 10yr Treasury yields, the latter

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Rising Sea Levels Threaten to Put Nearly 2 Million U.S. Homes Underwater

$882 billion worth of the current U.S. housing stock would be underwater in 2100 if sea levels follow scientists' predictions

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Rates Bounce Higher; Brexit Effect on Refis; Auto Loans Predicting Mortgage Delinquency?

Mortgage rates moved higher today after hitting the lowest levels in roughly 2 weeks last Friday. Today's increase was fairly minimal in the big picture. In fact, most of Today's quotes are essentially unchanged from Friday. But there was some weakness in underlying bond markets that didn't make it through to lenders' rate sheets. In other words, unless bond markets stage a rally overnight and tomorrow morning, tomorrow's rates will be higher. Last week, I mentioned that the more aggressive approach to locking/floating would be to wait until we had clear evidence that suggested the trend of recent improvement had ended before locking. In assessing such trends, we can use certain key levels in bond markets. The key level we've been following on MBS Live is 1.52% in 10yr Treasury yields, which

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Kitchen Design Is Getting Mixed Up

Photographed by William Lesch and designed by Lori Carroll and Debra Gelety

By Melissa Dittmann Tracey, REALTOR(R) Magazine

Get two-toned in the kitchen. There’s no need to get too match-y, if you want to be on trend. Kitchen cabinets are popping up in more than one shade to add an eye-catching contrast.

Indeed, 42 percent of remodelers surveyed by the National Kitchen and Bath Association say they used a mix of color cabinets in their most recent remodels, such as white cabinets with a dark wood or gray center island. Also in mixing up the color palette, remodelers reported using a different countertop material for the island and then another countertop material for the counter space, such as a wood top combined with a stone top.

 

Photo by Canterbury Design Kitchen Interiors – Discover traditional kitchen design inspiration

Photo by Michael Robert Construction – Browse traditional kitchen ideas

Photo by Tanner Vine – 2Go Custom Kitchens Inc – Look for traditional kitchen pictures

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