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: Housing News Move Over Millennials, Gen Z is Already Buying Homes 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 ag... (read more) Housing News Existing Home Sales Score First 2018 Gains 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 a... (read more) MBS Commentary MBS Live Day Ahead: Fed Day: A User Manual 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 "eco... (read more) Rob Chrisman LO and Sales Products; Training and Events; Don't Bet Against the Fed 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,... (read more) Housing News Hurricanes Weren't the Only Delinquency Disaster Last Year 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... (read more) MBS Commentary MBS Live Commentary: Differences Between Previous and Current FOMC Statements 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, househol... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.73% +0.06% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.73% +0.06 0.00 15 Yr. Fixed 5.97% +0.06 0.00 30 Yr. FHA 6.25% +0.06 0.00 30 Yr. Jumbo 6.84% +0.04 0.00 7/6 SOFR ARM 6.33% +0.04 0.00 30 Yr. VA 6.26% +0.06 0.00 Updates Daily - Last Update: 7/2 15 Yr. Fixed Rate 5.97% +0.06% Rate Change Points Freddie Mac 30 Yr. Fixed 6.77% -0.04 0.00 15 Yr. Fixed 5.89% -0.07 0.00 Updates Weekly - Last Update: 6/26 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.88% +0.04 0.63 15 Yr. Fixed 6.11% -0.03 0.74 30 Yr. Jumbo 6.88% +0.07 0.60 Updates Weekly - Last Update: 6/25 MBS / Treasuries UMBS 30YR 5.5 99.91 +0.07 Price / Yield Change MBS UMBS 5.5 99.91 +0.07 UMBS 6.0 101.62 +0.05 GNMA 5.5 100.06 +0.09 GNMA 6.0 101.46 +0.06 Pricing as of: 7/3 5:05AM EST 10 Year US Treasury 4.2592 -0.0206 Price / Yield Change US Treasury 2 YR Treasury 3.771 -0.017 5 YR Treasury 3.848 -0.019 7 YR Treasury 4.035 -0.021 10 YR Treasury 4.258 -0.022 30 YR Treasury 4.785 -0.024 Pricing as of: 7/3 5:05AM EST Latest Video Powell: Neutral rate of interest is still quite low Powell: Supply-side effects of tax cuts likely to take longer to appear Powell: Surprised in only modest wage growth Around the Web CNBC Fed hike and economic forecast seen as a double-edged sword for markets Calculated Risk Blog A Few Comments on February Existing Home Sales CNBC Powell says some asset prices are 'elevated' including stocks CNBC Fed still expects 3 rate hikes this year, but will pick up the pace in 2019 CNBC Fed hikes rates and raises GDP forecast again Federal Reserve Federal Reserve issues FOMC statement consumerfinancemonitor.com NYDFS sends survey request to online lenders Reuters What a Federal Reserve rate hike means for U.S. households CNBC Homebuyers are not bothered by higher rates or taxes, but sellers are Calculated Risk Blog AIA: "Architecture billings continue to hold positive in 2018" Bloomberg US Starter Homes Are Pricier, Smaller, Older, and More Scarce NAR - Realtor.com Get Ready for the Most Competitive Spring Home Buying Season Since the Great Recession CNBC Janet Yellen's 2014 'gaffe' is a perfect example of what Fed Chair Jerome Powell has to avoid today

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