The U.S. homeownership rate in the third quarter fell back slightly from the prior quarter. The second quarter saw the highest level for homeownership since the second quarter of 2008. Homeownership in the third quarter, according to the U.S. Census Bureau, was 67.4 percent, 0.5-point decrease from the previous period, but up from 64.8 percent in the third quarter of 2019. That rate ties with the second quarter of 2009 as the second highest rate since the onset of the housing crisis. The rate was highest in the Midwest and South at 71.2 percent and 70.8 percent and substantially lower in the Northeast (62.0 percent) and West (62.1 percent). All four regions posted annual increases. The rate increased for all age groups. Those under the age of 35 jumped from 37.5 percent in the third quarter

October 27, 2020 Download our Mobile App: Download our Mobile App: Housing News Homeownership is Growing, Especially Among Younger Age Groups The U.S. homeownership rate in the third quarter fell back slightly from the prior quarter. The second quarter saw the highest level for homeownership since the second quarter of 2008. Homeownership in the third quarter, according to the U.S. Census ... (read more) Housing News Spring Buying Season Shifts, Home Prices Rocket Higher The impact of low interest rates and pent up buyer demand played out in sharply increasing home prices in August. Both the Federal Housing Finance Agency (FHFA) and S&P CoreLogic Case-Shiller indices posted significant appreciation on an annual b... (read more) Rob Chrisman Encompass, Correspondent, MLO Jobs; Pricing, Subservicing, Marketing Tools; California Investor Disaster News Etch A Sketch is buying Rubik's Cube? Who can keep up? What does a lender do when they’ve hit operational capacity, and don’t want to disappoint LOs with 60-day purchase turn times and refis taking 90? Increase the margin and make the pri... (read more) Housing News Freddie's Loan Volume is Up, Delinquency Rate Begins to Retreat Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 17.5 percent in September compared to a 27.7 percent gain in August. The portfolio balance at the end of the period was $2.570 trillion compared to $2... (read more) Mortgage Rate Watch Mortgage Rates Modestly Lower to Start New Week Mortgage rates were lower today for the average lender, but just how low remains a matter of great debate. To be fair, there's no active debate raging behind the scenes. Rather, there are a few weeks' worth of news headlines claiming "all-time low mo... (read more) MBS Commentary MBS Live Recap: Bonds Looking Better This Week, But Risks Remain Bonds Looking Better This Week, But Risks Remain Today's release of FHFA's home price index showed a sharp acceleration in price growth, with the annual total at 8.0% by the end of August.  If prices com... (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 3:07PM 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 3:07PM EST Latest Video Are markets in a holding pattern until the election? The 9 a.m. Bond Report: October 27, 2020 October consumer confidence index misses expectations at 100.9 vs 102 estim... U.S. durable goods orders rose 1.9% in September, vs 0.5% increase expected Around the Web NAHB Eye on Housing Homeownership During the Third Quarter: Technical Issues CNBC The psychology of buying a house: Is it a key to happiness or just a source of stress? NAR - Realtor.com Struggling Rental Market Could Usher in Next American Housing Crisis Calculated Risk Blog Note: October Employment Report Will Show a Decrease of 147,000 Temporary Census Workers Calculated Risk Blog HVS: Q3 2020 Homeownership and Vacancy Rates CNBC Home prices in August see biggest gains in more than two years, S&P Case Shiller says CNBC Millions poised to lose unemployment benefits in 'enormous cliff' at year's end Calculated Risk Blog MBA Survey: "Share of Mortgage Loans in Forbearance Decreases Slightly to 5.90%" CNBC Stock market turbulence could last until the election, followed by a relief rally, strategists say Calculated Risk Blog Dallas Fed: "Texas Manufacturing Expands for Fifth Straight Month" in October news.google.com It 'looks like the clock has run out' on a new stimulus, says Fundstrat's Washington strategist Calculated Risk Blog A few Comments on September New Home Sales NAHB Eye on Housing Expectations for Housing Availability Improve

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