With the huge Millennial generation finally buying houses, the National Association of Home Builders has taken a deep dive into their various preferences for where and how they are going to live. Last year it conducted the fourth in a series of buyer preference surveys, adding to data collected in 2007, 2012, and 2015. A report by Paul Emrath analyzes those choices, how they differ across age groups and changed as those groups have aged. Some of the survey's findings specific to Millennials, which they define as those currently 23 to 39 years of age, is that they prefer to buy new homes built for sale rather than those that are custom built and, while most prefer to buy in the suburbs there is an increasing desire to live in central cities. Their preferences include a set of amenities such

August 23, 2019 Download our Mobile App: Download our Mobile App: Housing News Millennials Differ in Housing Preferences, But Not by Much With the huge Millennial generation finally buying houses, the National Association of Home Builders has taken a deep dive into their various preferences for where and how they are going to live. Last year it conducted the fourth in a series of buyer... (read more) MBS Commentary MBS Live Day Ahead: Jackson Hole Day - Here's What That Means In the day just passed, bond markets weakened in the overnight session and then held mostly steady during the domestic hours.  The most notable attempt to change that was seen after the exceptionally weak Markit PMI data which showed the weakest... (read more) Housing News Junes New Home Sales Revision Was a Post-Crisis Record The U.S. Census Bureau and the Department of Housing and Urban Development said sales of newly constructed homes fell 12.8 percent in July to a seasonally adjusted annual rate of 635,000 units. Forecasts pinned that number at 645k. While missing the ... (read more) Rob Chrisman Sales, LO jobs; DPA, Pricing, Recruiting Products; Vendor Updates Japan's government bonds could soon join Germany's in having negative yields on all maturities. Japanese debt has gone negative out to 15 years, and buyers are turning to 30- and 40-year bonds to get positive yields. Falling bond yields and minimal i... (read more) Mortgage Rate Watch Mortgage Rates Hold Steady at Week's Highest levels Mortgage rates managed to hold relatively steady today after moving higher at their fastest pace in over a week yesterday. Incidentally, they also hit their highest levels in more than a week as well. In the bigger picture, the changes have been rela... (read more) Housing News Treasury Report Sparks Rumors of Fannie/Freddie Liberation Sources are telling Bloomberg that a report on the White House's plan to release Fannie Mae and Freddie Mac (the GSEs) from their 11-year long conservatorship has landed on the desks of several agencies and is also in the hands of Lawrence Kudlow, he... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.75% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.75% +0.02 0.00 15 Yr. Fixed 5.98% +0.01 0.00 30 Yr. FHA 6.27% +0.02 0.00 30 Yr. Jumbo 6.85% +0.01 0.00 7/6 SOFR ARM 6.32% -0.01 0.00 30 Yr. VA 6.29% +0.03 0.00 Updates Daily - Last Update: 7/3 15 Yr. Fixed Rate 5.98% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.67% -0.10 0.00 15 Yr. Fixed 5.80% -0.09 0.00 Updates Weekly - Last Update: 7/3 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 99.64 -0.20 Price / Yield Change MBS UMBS 5.5 99.64 -0.20 UMBS 6.0 101.43 -0.13 GNMA 5.5 99.86 -0.11 GNMA 6.0 101.34 -0.06 Pricing as of: 7/5 3:20PM EST 10 Year US Treasury 4.3467 +0.0669 Price / Yield Change US Treasury 2 YR Treasury 3.883 +0.095 5 YR Treasury 3.937 +0.070 7 YR Treasury 4.125 +0.068 10 YR Treasury 4.347 +0.067 30 YR Treasury 4.863 +0.055 Pricing as of: 7/5 3:20PM EST Latest Video January new home sales drop nearly 7% Bank of America CEO: Loan demand showing consistent growth UK parliament votes on options to delay Brexit January new home sales fall short of expectations, down 6.9 percent Around the Web CNBC Fed Vice Chair Clarida says the global economic outlook has worsened since July meeting Calculated Risk Blog Lawler: Updated "Demographic" Outlook Using Recent Population Estimates by Age Bloomberg Here's What Officials Are Saying at the Jackson Hole Fed Meeting Bloomberg Like Those Low Rates? Shame If Something Happened to Them Bloomberg Pickering: It Makes Sense That Bond Yields Are Low Calculated Risk Blog Q3 GDP Forecasts: Around 2% CNBC Powell: No 'rulebook' on trade, pledges the Fed will 'act as appropriate' to sustain the economy NAHB Eye on Housing Multifamily Construction Data: 2nd Quarter 2019 Reuters China unveils retaliatory tariffs on U.S. goods in deepening trade row CNBC White House has reportedly discussed a Fed governor rotation to curb Powell's power CNBC Bullard says Fed should 'take out the insurance' with a rate cut and can always take it back housingwire.com Appraisals may soon not be required on certain home sales of $400,000 and under Reuters For U.S. housing, trade war set to blunt some of Fed stimulus: Reuters poll

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