It is conventional wisdom that homeownership is key to household wealth , and the National Association of Home Builders makes a convincing argument for that theory in its Eye on Housing blog. Jing Fu used data from the Federal Reserve's 2016 Survey of Consumer Finances (SCF) to show that, not only does equity in a home constitute the largest component of aggregate wealth nationwide, but it has a strong correlation with other sources of wealth on an individual basis. The $24.2 trillion aggregate worth of primary residences constitutes about a quarter of all wealth on the balance sheets of households, surpassing "other financial assets" which include loans to someone else, future proceeds, royalties, futures, non-public stock, deferred compensation, oil/gas/mineral investments, and cash, a category

March 26, 2018 Download our Mobile App: Download our Mobile App: Housing News How Homeownership Affects Household Wealth It is conventional wisdom that homeownership is key to household wealth , and the National Association of Home Builders makes a convincing argument for that theory in its Eye on Housing blog. Jing Fu used data from the Federal Reserve's 2016 Survey o... (read more) MBS Commentary MBS Live Week Ahead: For Bonds, Spring Break Has Been Happening All Month If bond yields can manage to hold inside their recent range through the end of this week, they'll have gone an entire month with the lowest volatility seen since last November (.144% currently vs .133% in nov).  And last November was the narrowe... (read more) Rob Chrisman Fraud and Sales Webinars; Bank News incl. Basel Update; Essent Bond Issuance Interesting economic times, the latest example being gunmaker Remington filing for bankruptcy. Lenders wish things weren’t so interesting: Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of only $237 ... (read more) Mortgage Rate Watch Mortgage Rates Slightly Higher to Begin Shortened Week Mortgage rates moved sideways to slightly higher today, keeping them in an exceptionally narrow range that's persisted for the entire month of March. As of last Thursday, rates looked like they might make an attempt to challenge the lower boundary of... (read more) MBS Commentary MBS Live Recap: Trade Fears Hitting Stocks; Stocks Try to Take it Out on Bonds Bonds showed both their hands early today. The first was seen in the overnight session when decent overseas buying demand pushed yields below the incredibly solid 2.80% floor.  Sellers stepped in quickly and pushed yields back into weaker terr... (read more) Housing News Homebuying Attitudes at Odds With Economic Outlook Positive attitudes toward home buying still predominated in the National Association of Realtors® (NAR) most recent Housing Opportunities and Market Experience (HOME) survey, but they are softening . "Yes" responses to the question of whether it ... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.78% +0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.78% +0.01 0.00 15 Yr. Fixed 6.04% +0.01 0.00 30 Yr. FHA 6.36% +0.01 0.00 30 Yr. Jumbo 6.90% 0.00 0.00 7/6 SOFR ARM 6.25% 0.00 0.00 30 Yr. VA 6.38% +0.02 0.00 Updates Daily - Last Update: 7/23 15 Yr. Fixed Rate 6.04% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.75% +0.03 0.00 15 Yr. Fixed 5.92% +0.06 0.00 Updates Weekly - Last Update: 7/17 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.84% +0.02 0.62 15 Yr. Fixed 6.14% +0.03 0.69 30 Yr. Jumbo 6.75% -0.06 0.70 Updates Weekly - Last Update: 7/23 MBS / Treasuries UMBS 30YR 5.5 99.35 -0.16 Price / Yield Change MBS UMBS 5.5 99.37 -0.14 UMBS 6.0 101.29 -0.11 GNMA 5.5 99.63 -0.15 GNMA 6.0 101.28 -0.05 Pricing as of: 7/23 1:14PM EST 10 Year US Treasury 4.3887 +0.0427 Price / Yield Change US Treasury 2 YR Treasury 3.872 +0.042 5 YR Treasury 3.928 +0.043 7 YR Treasury 4.142 +0.043 10 YR Treasury 4.387 +0.041 30 YR Treasury 4.955 +0.039 Pricing as of: 7/23 1:14PM EST Latest Video Investors still relatively bullish on the markets, says Wells Fargo Trade war fears amid reports on US-China talks Top 5 healthiest places to live in the US: Aetna CEO Around the Web Calculated Risk Blog Vehicle Sales Forecast: Sales Under 17 Million SAAR in March Calculated Risk Blog Black Knight: National Mortgage Delinquency Rate Decreased Slightly in February CNBC Fed's Dudley pushes to change pay structure for bank execs and wants them held liable for scandals Calculated Risk Blog Dallas Fed: "Texas Manufacturing Expansion Continues but at a Slower Pace" NAHB Eye on Housing Black Homeownership Rates by County Calculated Risk Blog Chicago Fed "Index points to a pickup in economic growth in February" Reuters ECB inspectors find 10 billion euro problem in banks' loan book CNBC US stocks set to jump at the open as trade concerns ease CNBC California measure could spur more seniors to sell homes, ease state's housing crunch Bloomberg Bond Traders Face Gut-Check in Record $300 Billion US Auctions Reuters Wall Street nosedives on trade-war worries Calculated Risk Blog Phoenix Real Estate in February: Sales up 8%, Inventory down 12% YoY NY Times Budget Deal in Congress Includes Help for Affordable Housing

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