Respondents to Fannie Mae's January National Housing Survey adopted a new outlook to go along with the new year, primarily in responses about their personal financial situation. As a result, the Home Purchase Sentiment Index (HPSI) increased 1.2 point to 84.7, taking back some of the 2.3 points it shed in December. The improvement was driven by an 8-point increase in the net share of respondents reporting higher income than 12 months earlier. At 27 percent, that net is 11 points higher than in January 2018. This was partially offset by a 6-point decline in the net percentage of those who said they were not concerned about losing their job. The net of 73 percent is unchanged from a year ago. A net of 15 percent of respondents said it is a good time to buy a home, an increase of 4 percentage

February 7, 2019 Download our Mobile App: Download our Mobile App: Housing News Housing Sentiment May Be Bouncing Back Respondents to Fannie Mae's January National Housing Survey adopted a new outlook to go along with the new year, primarily in responses about their personal financial situation. As a result, the Home Purchase Sentiment Index (HPSI) increased 1.2 poin... (read more) MBS Commentary MBS Live Day Ahead: Suddenly, The Fed Isn't Looking Too Crazy If you thought last week's Fed announcement was surprisingly dovish/friendly/concerned, you weren't alone.  Compared to the "steady-as-she-goes" December announcement, January's marked an abrupt shift.  Whereas the Fed was hiking several mo... (read more) Rob Chrisman Non-QM, Fraud Protection Products; MGIC's Pricing Engine; BB&T/SunTrust Deal Guys – here’s your one-week warning for Valentine’s Day. In related news, countless scientific studies have proven that a male human being is incapable of folding the bottom sheet from a bed. I mention this, on a personal note, beca... (read more) Housing News Conventional Loan Access Rebounds After HARP-Related Losses The Mortgage Bankers Association's (MBA's) Mortgage Credit Availability Index (MCAI), a measure of access to mortgage credit, partially rebounded from an unusually large downturn in December. The Index rose 2.3 percent in January to 179.0. A lower MC... (read more) Mortgage Rate Watch Mortgage Rates Fall Back Toward Long-Term Lows Mortgage rates moved lower for the second straight day after rising moderately on Friday and Monday. This brings the average lender to the second lowest levels in almost exactly 1 year. The only day with lower rates was January 31st, 2019 (last Thurs... (read more) MBS Commentary MBS Live Recap: Bonds Side-Step Again, Despite Weaker Treasury Auction If you're operating under the assumption that the prevailing momentum in bond markets is sideways for the time being, today offered few surprises.  In fact, it barely offered anything interesting at all. The only significant item on the c... (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 6.79% -0.09 0.62 15 Yr. Fixed 6.06% -0.05 0.67 30 Yr. Jumbo 6.78% -0.10 0.40 Updates Weekly - Last Update: 6/26 MBS / Treasuries UMBS 30YR 5.5 99.70 -0.15 Price / Yield Change MBS UMBS 5.5 99.70 -0.15 UMBS 6.0 101.46 -0.11 GNMA 5.5 99.89 -0.08 GNMA 6.0 101.19 -0.22 Pricing as of: 7/3 10:44AM EST 10 Year US Treasury 4.3314 +0.0516 Price / Yield Change US Treasury 2 YR Treasury 3.873 +0.085 5 YR Treasury 3.926 +0.059 7 YR Treasury 4.112 +0.056 10 YR Treasury 4.331 +0.051 30 YR Treasury 4.848 +0.039 Pricing as of: 7/3 10:44AM EST Latest Video Santelli Exchange: More pain on the way for Europe Jobless claims drop 19,000 to 234,000 The global economy is not in good shape, says former Dallas Fed President Around the Web Reuters Wall Street slides on renewed U.S.-China trade fears Bloomberg BB&T Solves Jamie Dimon's Too Many Banks' Problem Reuters Trump, Xi unlikely to meet before March 1 trade deadline: U.S. officials consumerfinancemonitor.com CFPB enters into settlement with payday retail lender CNBC Kudlow: There's 'a pretty sizable difference' before a China trade deal happens NAHB Eye on Housing Home Buyers' Perceptions on Affordability Are Largely Unchanged Bloomberg EU Slashes Growth Forecasts and Warns Over Brexit, China Bloomberg Brexit Turmoil Leaves EU Struggling to Calibrate U.K. Outlook Reuters U.S. weekly jobless claims fall from one-and-a-half-year high Bloomberg Fed's Powell Says Economy in `Good Place' With Low Unemployment CNBC US Treasury yields move lower as investors monitor Fed speeches Reuters BB&T to buy SunTrust in biggest bank deal since 2009 CNBC Janet Yellen says global slowdown in places like China and Europe is a growing threat to US

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