This month's Mortgage Monitor Report from Black Knight, Inc. is again about equity, but this time with a twist regarding the way homeowners are treating it. The company says that the tappable equity held by homeowners increased by $820 billion dollars over the 12 months that ended in March, $380 billion in the first quarter of 2018 alone. Those numbers equate to 16.5 percent growth year-over-year, and 7 percent for the quarter. Equity growth is generally highest in the first and second quarters of the year, but the first quarter growth this year was up 30 percent from the same quarter in 2017. It was the highest single-quarter increase recorded by Black Knight since it began keeping records in 2005. Tappable equity is the share of equity that a homeowner can borrow before reaching a maximum

July 11, 2018 Download our Mobile App: Download our Mobile App: Housing News Black Knight: Tappable Equity Skyrockets, But HELOC Loans Decline This month's Mortgage Monitor Report from Black Knight, Inc. is again about equity, but this time with a twist regarding the way homeowners are treating it. The company says that the tappable equity held by homeowners increased by $820 billion dollar... (read more) MBS Commentary MBS Live Day Ahead: New Tariff Announcement Keeps Bonds In Recent Range The first two days of the week were largely spent lamenting the slow and inconsequential nature of summertime trading in the bonds market.  At least that's how I spent them. Superstitious market watchers would quickly point out that such lame... (read more) Housing News Mortgage Application Volume Ignores Holiday, Purchases Make Strong Showing Despite the Independence Day holiday which both shortened and bisected the week, mortgage activity rallied significantly during the week ended July 6. The Mortgage Bankers Association said its Market Composite Index, a measure of mortgage application... (read more) Rob Chrisman TPO Products; OB/Resitrader Deals; New Tariffs Announced U.S. capital markets folks have a way with words. Henry Jonas writes, “I started in this business in a Secondary Marketing in ‘86. Outside of maybe 1994 I cannot remember margins this thin. I went to Kroger and bought the jumbo economy pa... (read more) Mortgage Rate Watch Mortgage Rates Slightly Higher So Far This Week Mortgage rates didn't move for most lenders today. Remaining lenders were just slightly higher than yesterday, thus keeping this week's modest upward bias intact. In the slightly bigger picture, we had a fairly friendly consolidation in rates heading... (read more) MBS Commentary MBS Live Recap: Once More With Less Feeling If we look solely at the US trading hours, yesterday and today form a nearly perfect 2-day trend just slightly higher in rate.  Fannie 4.0 MBS prices have similarly shed 3/32nds (0.09) in a well-behaved trend channel.  If we include the ful... (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 6.0 101.47 +0.06 Pricing as of: 7/3 4:55AM EST 10 Year US Treasury 4.2592 -0.0206 Price / Yield Change US Treasury 2 YR Treasury 3.770 -0.018 5 YR Treasury 3.848 -0.019 7 YR Treasury 4.035 -0.021 10 YR Treasury 4.260 -0.020 30 YR Treasury 4.785 -0.023 Pricing as of: 7/3 4:55AM EST Latest Video Dow, S&P 500 have worst day of July A 'scarred generation of investors' looking at yield curve all wrong, marke... Wholesale inventories up Around the Web Calculated Risk Blog Investment and Recessions NAHB Eye on Housing Lumber Prices Increase While Gypsum Falls in June NAR - Realtor.com Missing Millennial Homeownership Endangers the American Dream consumerfinancemonitor.com What Judge Kavanaugh could mean for the CFPB as a SCOTUS justice CNBC How an often overlooked part of owning a home can cost you an extra $6,000 or more a year CNBC Bank of Canada raises rates, says more hikes to come Calculated Risk Blog When are people with Foreclosures and Short Sales eligible to borrow again? CNBC Global debt hits a new record at $247 trillion CNBC May wholesale inventories revised higher CNBC Producer prices rose in June, leading to the biggest annual increase in 6 1/2 years CNBC These are the reasons why millions of millennials can't buy houses Reuters First ECB rate rise at earliest 'through summer' of 2019: Villeroy CNBC Trump administration announces list of tariffs on $200 billion in Chinese goods

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