Realtors don't expect the 2020 "spring market" is going to happen, but they are optimistic there will be a post-pandemic rebound driven by delayed demand. The National Association of Realtors® (NAR) found, through an Economic Pulse Flash Survey, that 59 percent of its members feel buyers are merely delaying home purchases for a few months while a similar number (57 percent) said sellers are doing the same with listings. NAR Chief Economist Lawrence Yun said, "Home sales will decline this spring season because of unique economic and social consequences resulting from the coronavirus outbreak, but much of the activity looks to reappear later in the year. Home prices will remain stable because of a pandemic-induced reduction in inventory coupled with less immediate concerns over foreclosures

April 10, 2020 Download our Mobile App: Download our Mobile App: Housing News Realtors Think Sales are Deferred, Not Lost Realtors don't expect the 2020 "spring market" is going to happen, but they are optimistic there will be a post-pandemic rebound driven by delayed demand. The National Association of Realtors® (NAR) found, through an Economic Pulse Flash Survey, ... (read more) Mortgage Rate Watch Mortgage Rates Showing Some Signs of Improvement Just as the mortgage industry was coming to terms with unprecedented market volatility due to coronavirus, the details of the CARES Act (the coronavirus rescue/stimulus/relief bill) presented their own set of challenges. For some lenders and borrower... (read more) Rob Chrisman Servicing, Appraisal, eClose Products; Agency, USDA, Investor, Lender Changes Aren't Stopping As the market looks at this morning’s Federal Reserve huge aid package announcement, while in captivity/quarantivity, testing yourself is important . Someone told me this week, “Hey, we’re trying to stay alive, not sober and skinny!... (read more) Housing News Homebuyer Sentiment Takes a Nosedive in March American's attitudes regarding buying and selling homes and about their own financial outlook made an abrupt U-turn last month and Fannie Mae's Home Purchase Sentiment Index (HPSI) wiped out more than three years of gains. The index, a distillation o... (read more) Housing News Mortgage Applications Retreat as Covid Weighs on Markets The negative effects of the COVID-19 epidemic appear to have set in last week as mortgage applications, which had managed to increase even after much of the nation's business shut down, tumbled. The Mortgage Bankers Association (MBA) said its Market ... (read more) MBS Commentary MBS Live Week Ahead: Is The Fed Really Buying Less Mortgage Debt This Week? Here's this week's Fed MBS Purchase Schedule. The daily amount is down from a recent peak of $50 bln to $25 bln .  So does that mean the Fed is only going to buy half as much MBS as it was buying 2 weeks ago?  And if so, why aren't pri... (read more) Mortgage Rates Mortgage Rates Showing Some Signs of Improvement 30 Yr. Fixed Rate 6.29% -0.16% Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.29% -0.16 0.00 15 Yr. Fixed 5.60% -0.21 0.00 30 Yr. FHA 5.95% -0.08 0.00 30 Yr. Jumbo 6.25% -0.15 0.00 7/6 SOFR ARM 5.59% -0.21 0.00 30 Yr. VA 5.97% -0.08 0.00 Updates Daily - Last Update: 9/5 15 Yr. Fixed Rate 5.60% -0.21% Freddie Mac Rate Change Points 30 Yr. Fixed 6.50% -0.06 0.00 15 Yr. Fixed 5.60% -0.09 0.00 Updates Weekly - Last Update: 9/4 Mortgage Bankers Assoc. 30 Yr. Fixed 6.64% -0.05 0.59 15 Yr. Fixed 5.84% -0.19 0.84 30 Yr. Jumbo 6.58% -0.09 0.39 Updates Weekly - Last Update: 9/3 MBS / Treasuries MBS Live Week Ahead: Is The Fed Really Buying Less Mortgage Debt This Week? UMBS 30YR 5.5 101.13 +0.01 MBS Price Change UMBS 5.0 99.40 -0.07 UMBS 5.5 101.13 +0.01 UMBS 6.0 102.49 +0.01 GNMA 5.0 99.81 -0.02 GNMA 5.5 101.13 +0.01 GNMA 6.0 102.13 0.00 Pricing as of: 9/8 3:53AM EST 10 Year US Treasury 4.0876 +0.0009 US Treasury Yield Change 2 YR Treasury 3.511 -0.006 5 YR Treasury 3.590 +0.001 7 YR Treasury 3.802 +0.001 10 YR Treasury 4.087 0.000 30 YR Treasury 4.773 +0.004 Pricing as of: 9/8 3:53AM EST Latest Video The Federal Reserve boosts efforts to save the US economy from coronavirus ... Watch Fed Chair Powell deliver remarks on the coronavirus response 6.6 million Americans filed jobless claims last week as coronavirus-related... Fed announces $2.3 trillion in programs to support the economy Around the Web CNBC Trump says US will have 'substantially under' 100,000 deaths from coronavirus, lower than initial estimates CNBC Fed's Quarles says Main Street lending program should be running in 2 or 3 weeks Reuters U.S. consumer prices record largest drop in five years CNBC Coronavirus live updates: US cases top 466,000, Trump calls for more small business funding Calculated Risk Blog University of Michigan: Largest Decline on Record for Consumer Sentiment Reuters Explainer: Next from the Fed - Help for Main Street Reuters Explainer: What the Federal Reserve has done in the coronavirus crisis Reuters Fed studying if new facility for small business loans might be opened to non-bank lenders CNBC Fed fires an even bigger bazooka, expands its shopping list to include junk bonds Reuters Fed chief Powell sees road to recovery, warns on 'false start' CNBC Airlines should start hearing back about their bailout applications by Friday, Mnuchin says Reuters Fed will continue to act 'forcefully, proactively and aggressively,' Powell says CNBC Treasury Secretary Mnuchin says US could be open for business in May

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