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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
Housing News
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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... (read more)
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MBS Commentary
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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 mu... (read more)
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Rob Chrisman
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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 c... (read more)
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Mortgage Rate Watch
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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 c... (read more)
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Housing News
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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 th... (read more)
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Housing News
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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 ... (read more)
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