It ain't going to get any easier... The National Association of Home Builders (NAHB) tells us these cheery words encapsulate the attitude of respondents to its survey regarding home purchasing. The company's Housing Trends Report for the third quarter of the year found that seven out of 10 of prospective homeowners think that shopping for a house is either going to get harder or stay about the same. The report focuses on the 13 percent of survey respondents defined as prospective homebuyers, that is persons planning on purchasing within the next year. This percentage was 24 percent in the fourth quarter of 2017 and has declined steadily since. Among Millennials surveyed, 19 percent had short term purchase plans as did 13 percent of Gen Xers. Only 7 percent of Baby Boomers and 3 percent of seniors

November 15, 2018 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.22% +0.09%   6.11% 7.26% 15 Yr. Fixed 5.75% +0.04%   5.54% 6.59% 30 Yr. Jumbo 6.14% -0.01%   6.14% 7.45% Compare Mortgage Rates from Local Lenders for Nov 15, 2018 Afternoon Mortgage Rate Improvements For Most Lenders Wed, Nov 14, 2018 4:18PM Mortgage rates began the day in roughly unchanged territory. Some lenders were microscopically stronger or weaker compared to yesterday, but not enough to impact the average mortgage borrower. For the first few hours of the day, it looked as if rates would stay unchanged or possibly move slightly higher. That all changed when stocks began losing ground. It's always worth remembering (and this will be especially true when the next time it's proven) that there's no magic rule that says stock prices and interest rates must move in the same direction. It is true that there are frequent examples of... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.22% +0.09 0.00 15 Yr. Fixed 5.75% +0.04 0.00 30 Yr. FHA 5.95% +0.04 0.00 30 Yr. Jumbo 6.14% -0.01 0.00 7/6 SOFR ARM 5.65% 0.00 0.00 30 Yr. VA 5.98% +0.06 0.00 Updates Daily - Last Update: 9/17 Freddie Mac Rate Change Points 30 Yr. Fixed 6.35% -0.15 0.00 15 Yr. Fixed 5.50% -0.10 0.00 Updates Weekly - Last Update: 9/11 Mortgage Bankers Assoc. 30 Yr. Fixed 6.49% -0.15 0.56 15 Yr. Fixed 5.70% -0.14 0.55 30 Yr. Jumbo 6.44% -0.14 0.48 Updates Weekly - Last Update: 9/10 UMBS 30YR 5.0 99.69 +0.11   95.05 100.47 UMBS 30YR 5.5 101.14 +0.11   97.47 101.61 10 YR Treasury 4.068 -0.013   3.706 4.780 MBS Live Day Ahead: Brexit Strikes Back Thu, Nov 15, 2018 9:30AM Ah Brexit...  You thought you'd heard the last of it back in 2016?  No such luck.  Actually, it is a bit lucky to be hearing about it, at least as far as domestic rates are concerned.  Both in 2016 and in the past week, Brexit-rel... (read more) MBS Live Recap: More Stock Losses Bring More Bond Bounces Wed, Nov 14, 2018 4:58PM The narrative has grown (remained?) the same for bonds lately.  If stocks are losing ground, then it's time to rally .  If stocks are stabilizing or recovering, it's time to sell .  Today was more of the same in that regard. For the first few hours of the day, yields moved gradually higher despite the inability of core inflation to even ... (read more) MBS Price Change UMBS 4.5 97.71 +0.08 UMBS 5.0 99.69 +0.11 UMBS 5.5 101.14 +0.11 GNMA 4.5 98.09 +0.08 GNMA 5.0 99.99 +0.17 GNMA 5.5 101.01 +0.12 Pricing as of: 9/18 1:29AM EST US Treasury Yield Change 2 YR Treasury 3.539 -0.024 5 YR Treasury 3.635 -0.021 7 YR Treasury 3.819 -0.020 10 YR Treasury 4.067 -0.014 30 YR Treasury 4.665 -0.023 Pricing as of: 9/18 1:29AM EST Other News Buyers Not Holding Their Breath for Short Term Market Relief Thu, Nov 15, 2018 12:10PM It ain't going to get any easier... The National Association of Home Builders (NAHB) tells us these cheery words encapsulate the attitude of respondents to its survey regarding home purchasing. The company's Housing Trends Report for the third quarter of the year found that seven out of 10 of prospective homeowners think that shopping for a house is either g... (read more) Millennials Could be Foregoing Equity Wealth Wed, Nov 14, 2018 9:39AM While reams of research have been done on why members of the Millennial generation are less likely to own a home compared to their baby boomer and Gen X elders at the same age, the Urban Institute (UI) notes that knowing the reasons doesn't necessarily shed much light on the potential long-term implications of this behavior. Delaying homeownership , accordin... (read more) Accounting, Subservicing, Warehouse Products; Freddie and Fannie Changes Roll On Thu, Nov 15, 2018 9:01AM With only week until Thanksgiving there’s a lot going on – every one of these stats impacts lenders. CoreLogic tells us that there are 48,390 homes at risk from the current California wildfires. Believe in climate change or not, or in science or not, one study shows 386,000 homes are said to be at risk in the coming decades due to rising sea leve... (read more) Latest Video If builders have money, they're gonna build: Stephen Ross US retail sales up 0.8 percent Fed’s Powell raises the red flag on global growth Around the Web Calculated Risk Blog California Existing Homes in October: Sales Down 7.9% YoY, Inventory Up 28% CNBC Fed set for a broad review on how it conducts policy in 2019 Bloomberg Goldman Sees Fed Hikes Pushing 2- to 30-Year Spread Toward Zero CNBC Fed's Bostic says interest rates are 'not too far' from neutral NAR - Realtor.com Mortgage Rates Hold Steady as Housing Market Stresses Mount Bloomberg Canadian Home Sales Fall for a Second Month in October NAHB Eye on Housing Most Buyers Don't Expect House Hunting to Get Easier Soon NY Times Why the Housing Market Is Slumping Despite a Booming Economy Calculated Risk Blog Earlier: NY Fed Mfg "Solid", Philly Fed Mfg "Slowed" in November Calculated Risk Blog Weekly Initial Unemployment Claims increased to 216,000 CNBC Billionaire investor Ray Dalio: Fed raised rates to a point where they're hurting asset prices CNBC Billionaire Ray Dalio: Fed raised rates to a point where they're hurting asset prices CNBC US bond yields tick lower amid sterling plunge

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