Americans may still feel it is a good time so sell a home and a so-so one for home purchases, but, in June at least, they were feeling a little edgy about their job security. Fannie Mae says its Home Purchase Sentiment Index, a measure based on results from the National Housing Survey (NHS), declined last month from new survey highs reached in April and May. The Index was down 1.6 points to 90.7 in June , the drop attributed to four of the six components that go into its calculation. The Index is 2.4 points higher than in June 2017. The net share of survey respondents who said that now is a good time to buy a home was unchanged from May at 28 percent, well below the February 2017 high of 51 percent. The net is the percentage of positive responses minus negative ones. Fifty-nine percent of respondents

July 9, 2018 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.28% -0.01%   6.11% 7.26% 15 Yr. Fixed 5.65% +0.05%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Jul 9, 2018 Mortgage Rates Breathe Sigh of Relief Fri, Jul 6, 2018 6:12PM Mortgage rates finally fell today--something that's proven elusive since roughly June 15th. Incidentally, that's when financial markets began bracing for the impact of the tariffs that were made official today. In this case, "bracing for impact" meant that stocks and bonds both moved sideways to slightly weaker. Theoretically, there was concern among investors about how today might go in the wake of the U.S. and China each officially imposing billions of dollars of tariffs. In practice, markets weren't too troubled. The absence of drama fueled an impressive stock rally and a modest improvement... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.28% -0.01 0.00 15 Yr. Fixed 5.65% +0.05 0.00 30 Yr. FHA 5.94% -0.01 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.62% +0.03 0.00 30 Yr. VA 5.95% -0.02 0.00 Updates Daily - Last Update: 9/8 Freddie Mac Rate Change Points 30 Yr. Fixed 6.50% -0.06 0.00 15 Yr. Fixed 5.60% -0.09 0.00 Updates Weekly - Last Update: 9/4 Mortgage Bankers Assoc. 30 Yr. Fixed 6.64% -0.05 0.59 15 Yr. Fixed 5.84% -0.19 0.84 30 Yr. Jumbo 6.58% -0.09 0.39 Updates Weekly - Last Update: 9/3 UMBS 30YR 5.5 101.28 +0.16   97.47 101.61 UMBS 30YR 6.0 102.54 +0.05   99.66 102.54 10 YR Treasury 4.039 -0.047   3.621 4.780 MBS Live Week Ahead: Jobs? Sure, But How About Inflation? Mon, Jul 9, 2018 9:19AM Last week was was a bit lacking in terms of trading days due to the holiday market closure, but it made up for that with bigger-ticket data and events on Friday.  This week is a bit lacking in terms of scheduled economic data, but it will make... (read more) MBS Live Recap: First Shot of Trade War Fired by Looney Tunes Gun Fri, Jul 6, 2018 7:35PM Bonds and mostly stocks were braced for something fairly austere heading into this morning's hard launch of new tariffs.  This accounted for a clearly-defined consolidation in stock prices beginning in late June and running through yesterday.  Traders stormed the metaphorical battlefield, ready for war, but when the first shot was fired, it amoun... (read more) MBS Price Change UMBS 5.0 99.78 +0.31 UMBS 5.5 101.28 +0.16 UMBS 6.0 102.54 +0.05 GNMA 5.0 100.07 +0.24 GNMA 5.5 101.19 +0.06 GNMA 6.0 102.18 +0.05 Pricing as of: 9/8 6:21PM EST US Treasury Yield Change 2 YR Treasury 3.487 -0.030 5 YR Treasury 3.562 -0.027 7 YR Treasury 3.768 -0.032 10 YR Treasury 4.039 -0.047 30 YR Treasury 4.690 -0.079 Pricing as of: 9/8 6:21PM EST Other News Housing Sentiment Still Optimistic, but Losing Momentum Mon, Jul 9, 2018 11:17AM Americans may still feel it is a good time so sell a home and a so-so one for home purchases, but, in June at least, they were feeling a little edgy about their job security. Fannie Mae says its Home Purchase Sentiment Index, a measure based on results from the National Housing Survey (NHS), declined last month from new survey highs reached in April and May.... (read more) Headship Rates Indicate 2.4M Missing Millennial Households Fri, Jul 6, 2018 12:54PM Recently the National Association of Home Builders (NAHB) released a study, based on census data, showing an increasing percentage of young adults, about a third of those in the Millennial generation, living with parents, other relatives, or with unrelated house- or roommates. A second part of that study looks at the correlating rates of homeownership and wh... (read more) Events and Webinars for Lenders; BFCP/CFPB Updates - Lawsuit Dropped Mon, Jul 9, 2018 8:52AM As a loan officer, how would you like the borrower’s first contact to be with your CEO or head of mortgage? A Wells borrower is greeted by Michael DeVito, Freedom by Stan Middleman, Quicken by Dan Gilbert, and so on? Or, least, an avatar of them? UBS has created a digital clone of Daniel Kalt, chief investment officer for Switzerland, to greet clients ... (read more) Latest Video More homeowners leaving home equity untapped Stocks extend rally amid trade fears and Fed concerns Resignations indicate that the EU will still have control over the British ... Around the Web Reuters Wall Street gains; investors expect strong earnings NAR - Realtor.com No Savings? No Problem. These Companies Are Helping Home Buyers With Down Payments CNBC Homeowners are sitting on a record amount of cash and not tapping it NAHB Eye on Housing Time Needed to Build a Single-Family Home in 2017 ecb.europa.eu Mario Draghi: Hearing of the Committee on Economic and Monetary Affairs of the European Parliament Calculated Risk Blog Oil Rigs: "A rebound after last week's fall" NAHB Eye on Housing Housing Share of GDP: First Quarter 2018 CNBC What rate spike? One group of stocks is signaling lower bond yields Reuters Japan a big seller of German, U.S. bonds in May Bloomberg Central Banks Are Ramping Up Their Risk Taking CNBC Sea of red in the Treasury market may signal the bond-buying boom is over CNBC San Francisco house prices explode in the first half of 2018 as tech boom shows no signs of slowing Brookings Institution Hutchins Roundup: Low term spreads, rising markups, and more

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