Who's afraid of growing up? Apparently not Generation Z. The post-Millennial crop of kids, those born in 1995 and later, are already moving into homeownership. Maria Lamagna, writing for MarketWatch says just shy of 100,000 members of Gen Z, whose ages top out at 23, have a mortgage. Their average loan balance is $140,000. Millennials have been notorious late bloomers , lagging earlier generations in marrying, starting families, and buying homes. For Gen Z it is very early in the traditional homebuying cycle, but TransUnion reports they already held 99,000 mortgages in the 4 th quarter of 2017. This was dwarfed of course by the 12 million Millennials, but members of the much smaller Generation X had 24 million mortgages, as did nearly 27 million baby boomers and 5.1 million members of the Silent

March 21, 2018 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.29% +0.02%   6.11% 7.26% 15 Yr. Fixed 5.72% +0.02%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Mar 21, 2018 Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.29% +0.02 0.00 15 Yr. Fixed 5.72% +0.02 0.00 30 Yr. FHA 6.00% +0.03 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.65% +0.02 0.00 30 Yr. VA 6.01% +0.02 0.00 Updates Daily - Last Update: 9/12 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 5.5 101.13 +0.02   97.47 101.61 UMBS 30YR 6.0 102.40 0.00   99.66 102.50 10 YR Treasury 4.066 +0.040   3.621 4.780 MBS Live Day Ahead: Fed Day: A User Manual Wed, Mar 21, 2018 9:28AM This is a quick guide designed to help you approach this afternoon's Fed events in a logical and useful way.   What's Happening Today and When? At 2pm ET: The Fed's official policy announcement will be released along with updated "economic projections" (aka "dots").   At 2:30pm ET: Powell will begin his first press conference as F... (read more) MBS Live Commentary: Differences Between Previous and Current FOMC Statements Wed, Mar 21, 2018 2:04PM Information received since the Federal Open Market Committee met in December January indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid moderate rate. Gains in employment, household spending, and business fixed investment Job gains have been solid, strong in recent months, and the une... (read more) MBS Price Change UMBS 5.0 99.63 +0.06 UMBS 5.5 101.13 +0.02 UMBS 6.0 102.40 0.00 GNMA 5.0 100.00 -0.08 GNMA 5.5 101.13 -0.08 GNMA 6.0 102.01 -0.04 Pricing as of: 9/13 3:13AM EST US Treasury Yield Change 2 YR Treasury 3.553 +0.009 5 YR Treasury 3.630 +0.027 7 YR Treasury 3.816 +0.038 10 YR Treasury 4.066 +0.040 30 YR Treasury 4.681 +0.023 Pricing as of: 9/13 3:13AM EST Other News Move Over Millennials, Gen Z is Already Buying Homes Wed, Mar 21, 2018 1:02PM Who's afraid of growing up? Apparently not Generation Z. The post-Millennial crop of kids, those born in 1995 and later, are already moving into homeownership. Maria Lamagna, writing for MarketWatch says just shy of 100,000 members of Gen Z, whose ages top out at 23, have a mortgage. Their average loan balance is $140,000. Millennials have been notorious lat... (read more) Existing Home Sales Score First 2018 Gains Wed, Mar 21, 2018 11:01AM Sales of existing homes reversed direction in February after sliding for two consecutive months. The National Association of Realtors® (NAR) said completed sales transactions of pre-owned single-family houses, condos, townhomes, and cooperative apartments were up 3.0 percent to a seasonally adjusted annual rate of 5.54 million compared to 5.380 million i... (read more) Hurricanes Weren't the Only Delinquency Disaster Last Year Wed, Mar 21, 2018 10:11AM Natural disasters were the backdrop for mortgage loan performance in 2017. CoreLogic has previously reported on delinquencies in Houston and throughout Florida in the wake of Hurricanes Harvey and Irma and in Puerto Rico after Hurricane Maria. In the company's Loan Performance Report for December, Chief Economist Frank Nothaft said the West Coast was not imm... (read more) LO and Sales Products; Training and Events; Don't Bet Against the Fed Wed, Mar 21, 2018 9:15AM Ever wanted to read a story, or recommend it to those who might find it interesting, titled, “Blockchain-Based Residential Real Estate Network Democratizes Investment Barriers and Solves Mortgage Debt Conundrum?” Here’s your chance, since it was just published . (Yes, it is a bit of a sales pitch, but it gives one an idea of the status of t... 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