Results of a survey by the National Association of Realtors (NAR) released today echo the findings from the most recent National Housing Survey (NHS) conducted by Fannie Mae - Americans think this is a great time to buy a home. Sixty-three percent of respondents to NAR's fourth quarter Housing Opportunities and Market Experience (HOME) survey expressed that opinion (59 percent told NHS pollsters this.) Further, 33 percent of respondents told NAR they strongly believe this. Even more Americans think it is a good time to sell , nearly three-quarters (74 percent) said so. Both buying and selling sentiments were unchanged from the third quarter survey. Lawrence Yun, NAR's chief economist, said these positive sentiments can be linked to the strong job market and favorable economic conditions. "The

January 9, 2020 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 Jan 9, 2020 Mortgage Rates Under Pressure After Iran Deescalation Wed, Jan 8, 2020 3:06PM Mortgage rates moved higher today after spending several recent days in line with the lowest levels in more than a month. Underlying bond markets have been taking their biggest cues from geopolitical developments surrounding US/Iran tensions. Those came to a head last night after Iran attacked two air bases in Iraq where US troops are stationed. The average opinion shared on the internet or TV news suggested a likelihood that this meant war. War would be good for rates and bad for stocks. Markets reacted accordingly--at least for a few hours. Things changed when we learned Trump would not addr... (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 99.60 +0.14   95.05 100.11 UMBS 30YR 5.5 101.09 +0.09   97.47 101.40 10 YR Treasury 4.083 -0.026   3.932 4.780 MBS Live Day Ahead: Bonds Are Just About Done Reacting to Iran. What Next? Thu, Jan 9, 2020 9:09AM The bond market and many other markets are still in the process of retracing the steps they took to price-in the risk of a new war in the Middle East.  Granted, that risk wasn't exactly full blown, but it was clearly in control of pretty much everything on Tuesday night when Iran attacked 2 air bases in Iraq.  The absence of immediate response... (read more) MBS Price Change UMBS 4.5 97.55 +0.13 UMBS 5.0 99.60 +0.15 UMBS 5.5 101.09 +0.09 GNMA 4.5 97.54 +0.03 GNMA 5.0 99.81 +0.16 GNMA 5.5 100.88 +0.09 Pricing as of: 11/4 3:26AM EST US Treasury Yield Change 2 YR Treasury 3.581 -0.028 5 YR Treasury 3.694 -0.030 7 YR Treasury 3.877 -0.029 10 YR Treasury 4.085 -0.024 30 YR Treasury 4.666 -0.028 Pricing as of: 11/4 3:26AM EST Other News Survey Says: Great Time to Buy a Home, Or Sell! Thu, Jan 9, 2020 10:52AM Results of a survey by the National Association of Realtors (NAR) released today echo the findings from the most recent National Housing Survey (NHS) conducted by Fannie Mae - Americans think this is a great time to buy a home. Sixty-three percent of respondents to NAR's fourth quarter Housing Opportunities and Market Experience (HOME) survey expressed that ... (read more) November Home Prices Post Highest Gains in 10 Months Wed, Jan 8, 2020 9:37AM The pace of home price increases picked up in November, increasing by 3.7 percent on a year-over-year basis, up from 3.5 percent in October . CoreLogic said its Home Price Index (HPI) posted a monthly gain of 0.5 percent, a substantial uptick from the 0.2 percent gain the prior month. The index, which covers both market and distressed sales, hit a recent pea... (read more) Homebuying Sentiment Up Sharply from 2018 Wed, Jan 8, 2020 8:17AM Fannie Mae's Home Purchase Sentiment Index (HPSI) finished out the year with little change from November to December, but with a strong increase over the December 2018 version. Three HPSI components were up in December but those gains were offset by losses in the other three resulting in only an 0.2 percent uptick for the month to a reading of 91.7. The larg... (read more) Sales Jobs; Broker, Marketing, Secondary Products; Various Vendor News Thu, Jan 9, 2020 8:52AM Nobody, that I recall, predicted that 2019 would be a banner year for mortgage originators. And how about that stock market! My 401k’s balance certainly improved in 2019, yet a new report from the National Bureau of Economic Research says the cost of the trade war has been paid almost entirely by American businesses and consumers, not China . Experts a... (read more) Latest Video Bank of America uses a new data model to predict where the jobs market is h... Initial jobless claims down 9,000 to 214,000 Fed's Clarida: The economy is starting the year 'in a good place' Art Cashin: You're getting a 'sigh-of-relief rally' in the market Around the Web Reuters Fed officials: Trade risks easing may mean bluer sky for 2020 CNBC CEO confidence in the economy has cratered, while consumers believe things are OK NAHB Eye on Housing Consumer Credit Continues to Expand NPR Is There Hope For The American Dream? What Americans Think About Income Inequality Reuters NY Fed's Williams says central bank can avert 'downward trend' in inflation expectations NAR - Realtor.com In Florida, Homeowners Come for the Weather and Stay for the Tax Relief CNBC Trump says he could wait to finish China trade deal until after 2020 election CNBC How this couple paid off their $195,000 mortgage in under 4 years Calculated Risk Blog December Employment Preview NAHB Eye on Housing Two-Story Foyer Less Common in 2018 Calculated Risk Blog Weekly Initial Unemployment Claims Decrease to 214,000 Reuters British lawmakers set to approve Brexit deal on Thursday CNBC Fed policy is in a 'good place' but will remain flexible on rates and repo, vice chairman says

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