Apparently it is time to shift our total attention from the Millennial generation. A new survey from Freddie Mac introduces the housing hopes and dreams of its successor - Generation Z. This group, defined as those Americans who are now aged 14 to 33, is smaller than the massive cohort that preceded them, partially because the generation is defined narrowly as those born over a ten-year span as opposed to the usual 15-year definition, 1981 to 1996, of Millennials. The survey was conducted online last summer with 1,531 members of Generation Z. Two-thirds of the sample, which contained both Hispanic and African American respondents and was available in Spanish, was recruited through parents, the remainder were recruited directly. The sample was dived into two groups by age, those 14 to 17 and

November 22, 2019 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.34% +0.06%   6.13% 7.26% 15 Yr. Fixed 5.82% +0.01%   5.6% 6.59% 30 Yr. Jumbo 6.32% +0.02%   6.1% 7.45% Compare Mortgage Rates from Local Lenders for Nov 22, 2019 Mortgage Rates Steady Despite Bond Market Weakness Thu, Nov 21, 2019 4:18PM Mortgage rates spent a 2nd day with the average lender holding relatively steady . This follows a decent winning streak over the previous week and a half with the net effect being at least an eighth of a percent (.125%) improvement on the average conventional 30yr fixed quote. Holding steady was a bit anticlimactic yesterday because the broader bond market (specifically, the benchmark US 10yr Treasury yield) indicated more improvement than we actually saw. That had a lot to do with the underperformance of bonds that specifically underlie mortgages (MBS or "mortgage-backed securities). But wher... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.34% +0.06 0.00 15 Yr. Fixed 5.82% +0.01 0.00 30 Yr. FHA 6.06% +0.05 0.00 30 Yr. Jumbo 6.32% +0.02 0.00 7/6 SOFR ARM 5.98% +0.09 0.00 30 Yr. VA 6.08% +0.05 0.00 Updates Daily - Last Update: 11/3 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 99.48 -0.08   95.05 100.11 UMBS 30YR 5.5 101.01 -0.05   97.47 101.40 10 YR Treasury 4.111 +0.035   3.932 4.780 MBS Live Day Ahead: Small Things May Happen, But Big Things Are Less Likely Fri, Nov 22, 2019 10:39AM I'm sorry if the following is starting to sound like a broken record, but it's all we really have at the moment.  The bond market encounters these sorts of trends from time to time.  They're often seen after a substantial move either higher or lower in yield when markets are waiting for some sort of big flashpoint to play out.  Several past ... (read more) MBS Price Change UMBS 4.5 97.35 -0.21 UMBS 5.0 99.46 -0.10 UMBS 5.5 101.00 -0.06 GNMA 4.5 97.45 -0.20 GNMA 5.0 99.61 -0.12 GNMA 5.5 100.81 -0.01 Pricing as of: 11/3 2:00PM EST US Treasury Yield Change 2 YR Treasury 3.600 +0.027 5 YR Treasury 3.717 +0.034 7 YR Treasury 3.901 +0.028 10 YR Treasury 4.107 +0.032 30 YR Treasury 4.690 +0.037 Pricing as of: 11/3 2:00PM EST Other News Move Over Millennials, Gen Z is Ready for Homeownership Fri, Nov 22, 2019 11:44AM Apparently it is time to shift our total attention from the Millennial generation. A new survey from Freddie Mac introduces the housing hopes and dreams of its successor - Generation Z. This group, defined as those Americans who are now aged 14 to 33, is smaller than the massive cohort that preceded them, partially because the generation is defined narrowly ... (read more) Mortgage Companies Score Highest Profits in Seven Years Fri, Nov 22, 2019 8:06AM Lower interest rates translated to higher volume in the third quarter of the year, giving mortgage companies their highest profits in seven years. The Mortgage Bankers Association's (MBA's) Mortgage Bankers Performance Report says that independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $1,924 on each loan they orig... (read more) Existing Home Sales Resume Gains, Realtors Say More to Come Thu, Nov 21, 2019 11:24AM Existing-home sales got back on track in October, partially recovering from a 2.2 percent slip in September that ended a two-month winning streak. The National Association of Realtors® (NAR) said previously owned single-family houses, townhouses, condos, and cooperative apartments sold at a seasonally adjusted annual rate of 5.46 million during the month... (read more) LO jobs; Processing, Forecasting, Application Tools; Deep Dive Into HECMs Fri, Nov 22, 2019 8:48AM Many believe that 3-D printed houses will be the wave of the future in construction, and there’s someone in this article talking about printing 1,000 a day. I’m sounding like my Mother when I ask, “Where are they going to put them all?” Not in my backyard, right? In other related news, in the year ending in March, merely 9.8 percent o... (read more) Latest Video For-sale housing inventory is running out, here's why A look at the progress of the US-China trade deal Consumer sentiment unexpectedly rises in November McDonald: "There's this bipartison effort in the United States to lay the h... Around the Web Calculated Risk Blog Philly Fed: State Coincident Indexes increased in 33 states in October NAR - Realtor.com Where the 2020 Presidential Candidates Stand on Affordable Housing CNBC Goldman sees 'baby bear' market for bonds in 2020 in a year of risks Calculated Risk Blog Q4 GDP Forecasts: 0.4% to 1.9% NAHB Eye on Housing Share of 5,000+ Square Foot Homes Down Slightly in 2018 Reuters U.S. factory and services activity quicken in November: Markit Calculated Risk Blog One Year Ago: "Is a Recession Coming?" NAHB Eye on Housing Quarterly Gain for Custom Home Building CNBC Trump says trade deal with China is 'very close' Bloomberg Goldman Sees Baby Bond Bear Market, Cyclical Stock Rally in 2020 Bloomberg Trump's Fed Pick Judy Shelton Cast Doubt on Central Bank Independence Reuters Wall Street muted on doubts over progress in U.S.-China trade deal CNBC Here's why recent bond ETF outflows aren't as dire as investors think

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