Foreign buyers cut back their investment in U.S. residential properties over the 12 months that ended in March. It was the second year-over-year decline. The National Association of Realtors® (NAR) annual survey among its members about their transactions with international clients found foreign buyers purchased $74 billion in existing U.S. homes from April 2019 through March 2020, a 5 percent decline from the same period a year earlier. The number of properties purchased dropped 16 percent to 154,000. Foreign buyers who were U.S. residents, either as recent immigrants or holding the appropriate visas, purchased $41 billion in residential real estate, down 8 percent from the prior period. Foreign buyers living abroad spent $33 billion, a 1 percent decrease. Those two types of international

August 6, 2020 Download our Mobile App: Download our Mobile App: Housing News Foreign Buyers are Pumping the Brakes on Home Purchases Foreign buyers cut back their investment in U.S. residential properties over the 12 months that ended in March. It was the second year-over-year decline. The National Association of Realtors® (NAR) annual survey among its members about their tran... (read more) Mortgage Rate Watch Rates End 6-Day Streak at Record Lows Mortgage rates cooled off today, rising for the first time since July 27th for the average lender. Between now and then we've seen a string of what have mostly been new record lows with top tier 30yr fixed offerings well under 3%. For more on what co... (read more) Rob Chrisman LO Jobs; Risk Tool; Webinars and Training; Servicing and MSR Update; Rates Continue Lower Originators and lenders are having a great summer from income and profitability perspectives. The thick margins are making managers look like champs, arguably covering up other issues that would normally be corrected. Rocket, the parent company of la... (read more) Housing News Maybe Home Prices Aren't in Trouble After All? Home prices increased in June at the fastest pace in more than seven years. CoreLogic said its Home Price Index (HPI) rose 1.0 percent from May, the largest month-over-month gain since January 2013. The appreciation from April to May was 0.7 percent.... (read more) Housing News Mortgage Application Volume Pulls Back For Second Consecutive Week Mortgage application volume declined during the week ended July 31 even as mortgage interest rates reached another all-time low. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, decreased 5.1 percent o... (read more) MBS Commentary MBS Live Recap: Bonds Generally Consolidating Ahead of Jobs Report Bonds Generally Consolidating Ahead of Jobs Report MBS were higher today, but for the week as a whole, they've been flat (and right in line with last Friday's levels as of this afternoon).  That doesn't ... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.67% -0.05% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.67% -0.05 0.00 15 Yr. Fixed 5.91% -0.05 0.00 30 Yr. FHA 6.20% -0.02 0.00 30 Yr. Jumbo 6.80% -0.04 0.00 7/6 SOFR ARM 6.33% 0.00 0.00 30 Yr. VA 6.22% -0.01 0.00 Updates Daily - Last Update: 6/30 15 Yr. Fixed Rate 5.91% -0.05% Rate Change Points Freddie Mac 30 Yr. Fixed 6.77% -0.04 0.00 15 Yr. Fixed 5.89% -0.07 0.00 Updates Weekly - Last Update: 6/26 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.88% +0.04 0.63 15 Yr. Fixed 6.11% -0.03 0.74 30 Yr. Jumbo 6.88% +0.07 0.60 Updates Weekly - Last Update: 6/25 MBS / Treasuries UMBS 30YR 5.5 100.03 -0.04 Price / Yield Change MBS UMBS 5.5 100.03 -0.04 UMBS 6.0 101.68 0.00 GNMA 5.5 100.11 -0.08 GNMA 6.0 101.51 +0.01 Pricing as of: 6/30 10:25PM EST 10 Year US Treasury 4.2168 -0.0078 Price / Yield Change US Treasury 2 YR Treasury 3.722 +0.007 5 YR Treasury 3.794 -0.010 7 YR Treasury 3.983 -0.008 10 YR Treasury 4.221 -0.004 30 YR Treasury 4.761 -0.015 Pricing as of: 6/30 10:25PM EST Latest Video There will be a final stimulus deal by August 15: Expert NY Fed: Household debt down $34 billion dollars in Q2, despite recession Stimulus checks: How much you'll get How much would a coronavirus stimulus bill actually help the job market? Around the Web CNBC 32% of Americans had outstanding housing payments at the beginning of August CNBC Mortgage rates hit another record low, but homes are still less affordable NAR - Realtor.com The number of Americans skipping mortgage payments is falling except among these borrowers Calculated Risk Blog July Employment Preview Calculated Risk Blog NY Fed Q2 Report: "Total Household Debt Decreased in Q2 2020, Marking First Decline Since 2014" d3n8a8pro7vhmx.cloudfront.net Second Wave of U.S. Layoffs and Furloughs is Well Under Way Calculated Risk Blog Las Vegas Real Estate in July: Sales up 4% YoY, Inventory down 35% YoY NAHB Eye on Housing Housing Affordability Hits 18-Month Low on Lack of Supply, Higher Prices NAR - Realtor.com Attention Home Buyers: Foreign Buyers Purchased Fewer U.S. Properties CNBC U.S. weekly jobless claims total 1.186 million, vs 1.423 million expected CNBC Manhattan apartment deals plunge 57%, suburban real estate surges CNBC Bank of England governor says negative rates are 'in the toolbox,' but there are no plans cut below zero CNBC Stock market live updates: Futures dip, jobless claims ahead

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