This is the second part of a summary of a Fannie Mae sponsored analysis by the Urban Institute (UI) of the role home equity could play in retirement security. The study utilized longitudinal data from the bi-annual National Institute on Aging's Health and Retirement Study (HRS) survey for the years 1998 through 2012. In the first part of the summary UI explained that, despite ups and downs in the economy, households over the age of 65 have more equity than in 1998 but they also have more home debt, both in the number of seniors with debt and the balance of that debt. Loan-to-value ratios also tend to be higher than in earlier generations. There are several ways homeowners can tap into their equity; a home equity loan, referred to here as a second mortgage, a home equity line of credit (HELOC

November 15, 2016 Download our Mobile App: Download our Mobile App: Housing News Home Equity's Significant Potential Boost to Retirement Income This is the second part of a summary of a Fannie Mae sponsored analysis by the Urban Institute (UI) of the role home equity could play in retirement security. The study utilized longitudinal data from the bi-annual National Institute on Aging's Healt... (read more) MBS Commentary MBS Live Day Ahead: Time to Talk About End of Bonds' 35yr Run? Big moves in bond markets always result in big conclusions from all manner of market participants.  Whether it's Chief Strategist at some big bank, a money manager for a big bond fund, or even a financial news commentator, I've seen a rampant ... (read more) Housing News MBA Forecasts Dip in October New Home Sales The Mortgage Bankers Association (MBA) is estimating that the pace of new home sales slowed slightly in October compared to the previous month. Its Builder Application Survey (BAS) which is conducted among mortgage subsidiaries of new home builders n... (read more) Rob Chrisman Vendor News; VA, FHA, and Ginnie Mae Changes For me this week and last includes time in Knoxville, Las Vegas, Portland, Northern California, Colorado, and Salt Lake City. The mood? Besides plenty of lenders wondering if they should hit their broker-dealers up for margin calls given the 3-point ... (read more) Housing News 30 and 60 Day Delinquency Rates Staying Below Pre-Crisis Levels Mortgage delinquencies are now the lowest they have been since the second quarter of 2006, some two years before the housing crisis began and other mortgage performance metrics have reached similar or even historic lows. The quarterly National Delinq... (read more) MBS Commentary MBS Live Recap: Relative Destruction For Bond Markets With Thursday marking a slightly less robust day of selling compared to Wednesday, it was all too tempting to hope that the bond market was just getting every last little bit of crazy weakness of its system ahead of the 3-day weekend, and that we'd... (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 99.72 +0.08 Price / Yield Change MBS UMBS 5.5 99.75 +0.10 UMBS 6.0 101.54 +0.10 GNMA 5.5 99.94 +0.09 GNMA 6.0 101.43 +0.09 Pricing as of: 7/7 3:21AM EST 10 Year US Treasury 4.3314 -0.0153 Price / Yield Change US Treasury 2 YR Treasury 3.855 -0.028 5 YR Treasury 3.908 -0.029 7 YR Treasury 4.099 -0.026 10 YR Treasury 4.324 -0.023 30 YR Treasury 4.851 -0.013 Pricing as of: 7/7 3:21AM EST Latest Video Trader sees bonds moving higher Analyst: Higher interest rates may present headwind to housing Fed's Rosengren says December rate hike is likely Around the Web Market Watch Dow closes at record high for fourth straight session feedproxy.google.com Just-Released FHA Report Shows Fresh Opportunity to Make Homeownership More Affordable CNBC The income you need to afford a house in 15 of the largest U.S. cities CNBC The bond vigilantes are back, and Donald Trump better pay attention NAR - Realtor.com Fannie, Freddie Shares Soar Even as Fate Remains Foggy freddiemac.mwnewsroom.com Freddie Mac to Roll Out Manufactured Housing Education Curriculum CNBC Home Depot investors bail on the stock, despite signs the housing recovery has more steam Redfin The 4 Things That Will Guarantee You Get a Mortgage Reuters Strong U.S. retail sales reinforce December interest rate hike Reuters U.S. October retail sales beat expectations, prior month revised up Bloomberg U.S. Consumers Are Increasingly Defaulting on Loans Made Online CNBC Value investor Bill Miller says 35 year bond bull market is over, stocks should benefit Reuters Home Depot's third-quarter results top estimates on higher traffic, spending

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