Sean Becketti, Freddie Mac's Chief Economist said that there is a tendency for housing and mortgage markets to focus on high profile but transitory events - for example the weekly reports on interest rates - while the factors that will actually determine the future of housing evolve so slowly we tend to overlook them. He points to three long-standing trends: increasing income inequality, the increasing role of land costs in housing prices, and increasing land use restrictions. These, he writes in Freddie Mac's monthly Insights, will shape the future of housing by permanently shifting both the demand for and supply of housing. Increasing income inequality is the first and possibly most important trend, but not the growing gap between the richest and the rest. The high pay and lavish lifestyles

November 16, 2016 Download our Mobile App: Download our Mobile App: Housing News Three Overlooked Trends Will Have Major Impacts on Housing Sean Becketti, Freddie Mac's Chief Economist said that there is a tendency for housing and mortgage markets to focus on high profile but transitory events - for example the weekly reports on interest rates - while the factors that will actually deter... (read more) Housing News Oklahoma Leads California in Quake Count, but Risks Vary Two recent data releases from CoreLogic's Insurance and Spatial Solutions division assess earthquake risk in California and Oklahoma. Yes, Oklahoma, a place normally thought of in terms of tornados risk, now outstrips California in the frequency of e... (read more) Housing News Builder Confidence Was Steady Heading Into Election Builder confidence in the market for newly-built single-family homes was unchanged in November, based on data gathered before the election. The National Association of Home Builders said its Housing Market Index (HMI), which it sponsors jointly with ... (read more) Rob Chrisman Down Payment Report; Good News From HUD & FHA; Regulatory Backlash Ahead Baby Boomers like lists and rankings. Here is one that I ran across: the 50 highest paying professions not needing a college degree. There are a couple mortgage-related jobs on the list, arguably including #1 which is "Financial Service Sales Agents.... (read more) Housing News Mortgage Apps Mirror Rates, Hitting Worst Levels Since Early 2016 Mortgage application activity fell decisively in the wake of the presidential elections. While the week ending November 11 culminated with the Veterans Day holiday, the downturn appeared more related to the sharp increase in mortgage rates that follo... (read more) MBS Commentary MBS Live Day Ahead: Quest Begins For Treasuries to Fill The Gap We started to talk about "the gap" in yesterday's closing commentary and unless bond market momentum manages to stay far weaker than anyone expects, we'll be talking about "the gap" again very soon.  Well, technically, we'll be talking about i... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.75% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.75% +0.02 0.00 15 Yr. Fixed 5.98% +0.01 0.00 30 Yr. FHA 6.27% +0.02 0.00 30 Yr. Jumbo 6.85% +0.01 0.00 7/6 SOFR ARM 6.32% -0.01 0.00 30 Yr. VA 6.29% +0.03 0.00 Updates Daily - Last Update: 7/3 15 Yr. Fixed Rate 5.98% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.67% -0.10 0.00 15 Yr. Fixed 5.80% -0.09 0.00 Updates Weekly - Last Update: 7/3 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.79% -0.09 0.62 15 Yr. Fixed 6.06% -0.05 0.67 30 Yr. Jumbo 6.78% -0.10 0.40 Updates Weekly - Last Update: 6/26 MBS / Treasuries UMBS 30YR 5.5 99.74 +0.10 Price / Yield Change MBS UMBS 5.5 99.74 +0.09 UMBS 6.0 101.53 +0.09 GNMA 5.5 99.93 +0.08 GNMA 6.0 101.42 +0.08 Pricing as of: 7/7 3:33AM EST 10 Year US Treasury 4.3250 -0.0217 Price / Yield Change US Treasury 2 YR Treasury 3.855 -0.028 5 YR Treasury 3.908 -0.029 7 YR Treasury 4.099 -0.026 10 YR Treasury 4.324 -0.023 30 YR Treasury 4.850 -0.014 Pricing as of: 7/7 3:33AM EST Latest Video Betting on Miami real estate Futures Now: Buy the bond breakdown? Home builder sentiment unchanged in November Around the Web CNBC War of the asset classes: Bond market freaks out while stocks see smooth sailing ahead CNBC Obscure part of law could let Yellen, Fischer thwart Trump on reshaping the Fed Market Watch Don't believe the great bond fake-out Reuters Euro crisis over? 2017 politics could be markets' biggest test yet freddiemac.mwnewsroom.com Freddie Mac November 2016 Insight CNBC US producer prices unchanged in October on weak services Reuters Fed's Kashkari unveils plan to tackle 'too big to fail' banks and funds Reuters Only a surprise will halt December Fed rate hike: Bullard Reuters Dollar index surges to 14-year high HUD FHA's 2016 Annual Report Shows Continued Growth of Capital Reserves CNBC Bond prices lower as traders eye data; Fed in focus Calculated Risk Blog FNC: Residential Property Values increased 6.0% year-over-year in September Market Watch Dow closes at record high for fourth straight session

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