As the value of residential real estate rises with home prices, so has the owner's equity share of that value. Jing Fu, writing in the National Association of Home Builders' (NAHB) Eye on Housing Blog, says that equity hit a new high in the first quarter of this year. Fu uses figures from the Federal Reserve's Board of Governors' Financial Accounts of the U.S. to show the overall nominal, non-seasonally adjusted value of owner-occupied housing units in the nation grew to $25.1 trillion during the quarter. This is an increase of $544 billion from the total in the fourth quarter of 2017 and $1.674 trillion more than the first quarter of last year. At the same time, the growth of mortgage debt fell negative in 2008 and remained so until early 2015. It has risen only modestly since then. Its was

June 11, 2018 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.33% -0.01%   6.13% 7.26% 15 Yr. Fixed 5.80% -0.02%   5.6% 6.59% 30 Yr. Jumbo 6.35% +0.03%   6.1% 7.45% Compare Mortgage Rates from Local Lenders for Jun 11, 2018 Mortgage Rates Near Recent Highs Mon, Jun 11, 2018 3:49PM Mortgage rates edged up to the highest levels in several weeks today. Only a handful of days from mid-May stand between current levels and the highest rates in 7 years. That sounds a bit more dramatic than it is. Rates have been pretty close to these highs during the 2nd half of last week and just happened to move in an unfriendly direction by a medium-small amount today. The middle of the week is more worthy of anxiety and anticipation . Between the important economic reports and the announcements from major central banks (the Fed and the European Central Bank) rates could easily be shooting ... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.33% -0.01 0.00 15 Yr. Fixed 5.80% -0.02 0.00 30 Yr. FHA 6.05% -0.01 0.00 30 Yr. Jumbo 6.35% +0.03 0.00 7/6 SOFR ARM 5.95% -0.03 0.00 30 Yr. VA 6.06% -0.02 0.00 Updates Daily - Last Update: 11/4 Freddie Mac Rate Change Points 30 Yr. Fixed 6.17% -0.02 0.00 15 Yr. Fixed 5.41% -0.03 0.00 Updates Weekly - Last Update: 10/30 Mortgage Bankers Assoc. 30 Yr. Fixed 6.30% -0.07 0.58 15 Yr. Fixed 5.67% -0.07 0.61 30 Yr. Jumbo 6.38% -0.01 0.34 Updates Weekly - Last Update: 10/29 UMBS 30YR 5.0 99.63 +0.06   95.05 100.11 UMBS 30YR 5.5 101.09 +0.02   97.47 101.40 10 YR Treasury 4.085 -0.001   3.932 4.780 MBS Live Recap: Little-Changed After Uneventful Summertime Monday Mon, Jun 11, 2018 4:17PM History suggests that Fed/ECB meetings in June are more than up to the task of causing significant volatility in bond markets.  It also suggests that summertime Mondays often turn into unofficial 3-day weekends.  Both options are still on the table for this week as today just passed without any fanfare whatsoever.  Yields were slightly hig... (read more) MBS Live Week Ahead: High Stakes and Wide Range of Outcomes Mon, Jun 11, 2018 9:22AM Bond markets have weathered the storm of Italian political drama, which created the bulk of volatility over the past 3 weeks.  They've considered the implications of various tariff-related developments at home, as well as the implications for po... (read more) MBS Live Recap: Bonds Mostly Hold "Flash Rally" Gains Fri, Jun 8, 2018 4:56PM What a quiet and boring trading session it was!  Well, to be fair, there's still half an hour left as I type this, but most bond market participants mark the end of the day at 3pm E.T.  By that time, we were almost perfectly unchanged and hadn't seen a lick of volatility--quite impressive given yesterday's volatile "flash rally" move. Those sor... (read more) MBS Price Change UMBS 4.5 97.62 +0.05 UMBS 5.0 99.65 +0.07 UMBS 5.5 101.10 +0.03 GNMA 4.5 97.68 +0.04 GNMA 5.0 99.77 -0.03 GNMA 5.5 100.84 -0.02 Pricing as of: 11/5 7:10AM EST US Treasury Yield Change 2 YR Treasury 3.570 -0.008 5 YR Treasury 3.689 -0.010 7 YR Treasury 3.872 -0.004 10 YR Treasury 4.083 -0.002 30 YR Treasury 4.670 +0.003 Pricing as of: 11/5 7:10AM EST Other News Record High Equity Thanks to Mortgage Credit Demographics Mon, Jun 11, 2018 4:29PM As the value of residential real estate rises with home prices, so has the owner's equity share of that value. Jing Fu, writing in the National Association of Home Builders' (NAHB) Eye on Housing Blog, says that equity hit a new high in the first quarter of this year. Fu uses figures from the Federal Reserve's Board of Governors' Financial Accounts of the U.... (read more) The Ever-Changing World of Private Mortgage Insurance; Capital Markets Mon, Jun 11, 2018 8:56AM Residential lenders aren’t the only ones having a tough time out there. Builder Hovnanian reported a Q2 loss of $9.8 million. The Social Security program’s costs will exceed its income this year for the first time since 1982, forcing the program to dip into its nearly $3 trillion trust fund to cover benefits. (It is estimated that the trust fund ... (read more) Latest Video There's limited opportunity to flip houses now: Sidney Torres Fed is getting back on track, says expert 10-year yield decline has just begun, says pro Around the Web PR Newswire LendingTree Reveals the Cities with the Highest Share of Vacation, Investment and Second Homes Calculated Risk Blog Update: Real Estate Agent Boom and Bust CNBC Flood insurance program could lapse in midst of hurricane season. 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