The homeownership rate remained essentially unchanged in the second quarter of 2018. The Census Bureau said the rate rose 0.1 percentage points compared to the first quarter rate of 64.3 percent. Homeownership hit an all-time low of 62.9 percent in the second quarter of 2016 in the Census Bureau's records which go back to 1996. The rate was lowest in the West at 59.7 percent, unchanged from the first quarter of the year. The Northeast, while retaining its next to the bottom position, posted the largest gain of any region, rising 0.8 percentage point to 61.3 percent. While homeownership remains low among those under 35 years of age, the rate among that cohort did increase from 35.3 percent to 36.5 percent, the largest gain of any age groups. Homeownership among the oldest Americans, those 65

July 26, 2018 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.27% -0.04%   6.13% 7.26% 15 Yr. Fixed 5.82% -0.01%   5.6% 6.59% 30 Yr. Jumbo 6.00% -0.22%   6% 7.45% Compare Mortgage Rates from Local Lenders for Jul 26, 2018 Mortgage Rates Start Steady But End Day Under Pressure Wed, Jul 25, 2018 4:57PM Mortgage rates began the day in a fairly hopeful way. Underlying bond markets were just slightly stronger and a few lenders offered modest improvements over yesterday's latest offerings. Things began to change in the afternoon following news that Trump and the EU's Juncker struck a deal to avert a trade war between the US and EU. This hurts rates largely because the threat of additional trade tensions is one of the things that's been helping rates. As such, any development that helps ease trade tensions runs the risk of putting upward pressure on rates. Several lenders have already recalled ra... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.27% -0.04 0.00 15 Yr. Fixed 5.82% -0.01 0.00 30 Yr. FHA 6.00% -0.03 0.00 30 Yr. Jumbo 6.00% -0.22 0.00 7/6 SOFR ARM 5.71% -0.01 0.00 30 Yr. VA 6.02% -0.03 0.00 Updates Daily - Last Update: 10/15 Freddie Mac Rate Change Points 30 Yr. Fixed 6.30% -0.04 0.00 15 Yr. Fixed 5.53% -0.02 0.00 Updates Weekly - Last Update: 10/9 Mortgage Bankers Assoc. 30 Yr. Fixed 6.43% -0.03 0.60 15 Yr. Fixed 5.77% +0.01 0.79 30 Yr. Jumbo 6.60% +0.06 0.44 Updates Weekly - Last Update: 10/8 UMBS 30YR 5.0 99.65 -0.02   95.05 99.96 UMBS 30YR 5.5 101.07 -0.01   97.47 101.28 10 YR Treasury 4.043 +0.014   3.932 4.780 MBS Live Day Ahead: This is How They Get You! Thu, Jul 26, 2018 8:30AM I thought about making the headline something that pertained specifically to today's events.  "Draghi, Durables, and Week's Last Treasury Auction" would have been accurate, but the more important and potentially risky concept is in the title I w... (read more) MBS Live Recap: Tariff Deal Tanks Treasuries (and MBS) Wed, Jul 25, 2018 5:24PM Bonds began the day in modestly stronger territory and seemed content to hand onto those gains indefinitely.  Up until the last 90 minutes of trading, the only interesting development was a quick technical move int he yield curve around 10:45am ET.  Even then, there wasn't a meaningful reaction in 10yr yields (noticeable, but not meaningful), whi... (read more) MBS Price Change UMBS 4.5 97.67 -0.02 UMBS 5.0 99.67 -0.01 UMBS 5.5 101.07 -0.02 GNMA 4.5 97.75 +0.05 GNMA 5.0 99.94 +0.11 GNMA 5.5 100.82 -0.08 Pricing as of: 10/15 3:26PM EST US Treasury Yield Change 2 YR Treasury 3.501 +0.019 5 YR Treasury 3.625 +0.021 7 YR Treasury 3.812 +0.014 10 YR Treasury 4.041 +0.012 30 YR Treasury 4.638 +0.008 Pricing as of: 10/15 3:26PM EST Other News Under 35 Homeownership Rate Rising Fastest Thu, Jul 26, 2018 3:52PM The homeownership rate remained essentially unchanged in the second quarter of 2018. The Census Bureau said the rate rose 0.1 percentage points compared to the first quarter rate of 64.3 percent. Homeownership hit an all-time low of 62.9 percent in the second quarter of 2016 in the Census Bureau's records which go back to 1996. The rate was lowest in the Wes... (read more) New Home Sales Continue See-Saw Pattern, Down 5.3 Percent Wed, Jul 25, 2018 10:38AM New home sales have adopted an up and down pattern since March and continued in that trend in June. The U.S. Census Bureau and the Department of Housing and Urban Development report that those sales were at a seasonally adjusted annual rate of 631,00 units. This is down 5.3 percent from May's revised sales of 666,000. That is a substantial downward revision ... (read more) Construction Process Risk Product; Lender Tech Rollouts; Blockchain Primer Thu, Jul 26, 2018 8:57AM The United States is a fine country, and the residential lending industry is filled with fine individuals working to help borrowers, or help others help borrowers, with owning a home. Periodically I am asked about a list of organizations around the nation who support the financing of home ownership and related activities. From the MBA, here you go – ju... (read more) Latest Video Initial jobless claims up 9,000 to 217,000; durable goods orders up 1.0% vs... US-EU agree to resolve trade dispute EU agrees to cut industrial tariffs and import more US soybeans, Dow Jones ... Around the Web Bloomberg US Owner-Occupied Household Formation Is Up CNBC Housing market showing signs of cracking: 'Anything goes list-price strategy is no longer working' CNBC International buyers are dropping out of US housing market NAR - Realtor.com Mortgage Rates Rebound in Critical Moment for Housing Calculated Risk Blog Kansas City Fed: Regional Manufacturing Activity "Continued to Expand Solidly" in July builderonline.com Single-Family Rental Units Have Never Been Easier to Buy Calculated Risk Blog HVS: Q2 2018 Homeownership and Vacancy Rates NAR - Realtor.com Foreign Buyers Are Purchasing Way Less U.S. Real EstateEspecially in These Top Markets CNBC US core capital goods orders and shipments surge in June CNBC US jobless claims rebound from a more than 48 1/2-year low CNBC ECB keeps rates unchanged with its massive stimulus program set to end this year Bloomberg The US Housing Market Looks Headed for Its Worst Slowdown in Years NAR - Realtor.com What Would a Home Buyer Give Up for a Good School? A Garage, for One

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