The U.S. homeownership rate ticked up by 0.1 percentage point in the second quarter of 2017, to 63.7 percent. The rate, which trended down for several years prior to the Great Recession and then steadily thereafter, hit what is hoped will be its cyclical low in the second quarter of 2016, 62.9 percent. Prior to the downturn, the rate peaked twice in 2004 at 69.2 percent. The U.S. Census Bureau says there is some seasonality in the homeownership rate, and when adjusted to reflect that, the most recent number is 63.9 percent, 0.8 percentage points higher than the second quarter of 2016 but not statistically different from the first quarter of this year. Homeownership is highest in the Midwest at 68.0 percent, and lowest in the West at 58.9 percent. The rate rose slightly from quarter to quarter

July 28, 2017 Download our Mobile App: Download our Mobile App: Housing News Millennial Homeownership Ticked Up in Q2 The U.S. homeownership rate ticked up by 0.1 percentage point in the second quarter of 2017, to 63.7 percent. The rate, which trended down for several years prior to the Great Recession and then steadily thereafter, hit what is hoped will be its cycl... (read more) Housing News Freddie Mac: Why We are Building So Few Houses? Freddie Mac's Outlook this month looks at what it calls "the spoiler," the lean inventory of newly constructed homes for sale. While the situation isn't quite as dire as with existing homes, where there is a 4.3-month supply, the new home inventory i... (read more) MBS Commentary MBS Live Day Ahead: Revisiting "Month-End Bond Buying," Plus a Look at The Current Trend We often talk about the month-end trading environment as relatively more supportive for bond markets--all other things being equal.  Reason for this are explained in THIS PRIMER, but here's the gist.   Let's say you're a money manager ... (read more) Rob Chrisman $14bn InterFirst Shuts Down; Servicing Deals; Goodbye LIBOR We’re a couple months into the North Atlantic hurricane season which lasts to November 30. It has been 12 years since the US was struck by a major hurricane (Category 3 or higher), but that doesn’t stop the U.S. Census Bureau from produci... (read more) Mortgage Rate Watch Mortgage Rates Not Exactly Lower This Week Mortgage rates were mixed today, depending on the lender, but generally held fairly close to yesterday's levels. All this in spite of bond market weakness (which normally pushes rates higher). The discrepancy can be chalked up to a delay between mark... (read more) MBS Commentary MBS Live Recap: 2nd Straight Day Inside Tuesday's Range This week continues to be all about Tuesday for bond markets.  That was the day with the rather violent, inexplicable sell-off that took yields from 2.25 to 2.34 approximately.  Even with econ data, a Treasury auction and the Fed ann... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.81% +0.00% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.81% 0.00 0.00 15 Yr. Fixed 6.06% +0.01 0.00 30 Yr. FHA 6.39% 0.00 0.00 30 Yr. Jumbo 6.90% 0.00 0.00 7/6 SOFR ARM 6.26% 0.00 0.00 30 Yr. VA 6.40% 0.00 0.00 Updates Daily - Last Update: 7/28 15 Yr. Fixed Rate 6.06% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.74% -0.01 0.00 15 Yr. Fixed 5.87% -0.05 0.00 Updates Weekly - Last Update: 7/24 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.84% +0.02 0.62 15 Yr. Fixed 6.14% +0.03 0.69 30 Yr. Jumbo 6.75% -0.06 0.70 Updates Weekly - Last Update: 7/23 MBS / Treasuries UMBS 30YR 5.5 99.30 +0.01 Price / Yield Change MBS UMBS 5.5 99.30 +0.02 UMBS 6.0 101.24 +0.01 GNMA 5.5 99.54 +0.00 GNMA 6.0 101.18 +0.01 Pricing as of: 7/29 3:33AM EST 10 Year US Treasury 4.4058 -0.0075 Price / Yield Change US Treasury 2 YR Treasury 3.916 -0.005 5 YR Treasury 3.968 -0.004 7 YR Treasury 4.171 -0.008 10 YR Treasury 4.405 -0.009 30 YR Treasury 4.953 -0.007 Pricing as of: 7/29 3:33AM EST Latest Video Consumer sentiment index reports slight increase Fed's tapering could dampen investors' risk appetite: Peter Boockvar Fed nominee Quarles: Time to step back from some banking regulations Around the Web Reuters Senator Warren calls on Fed to remove Wells Fargo board members Bloomberg US Economic Growth Rebounds, But Breaking Out Is Hard to Do Calculated Risk Blog Freddie Mac: Mortgage Serious Delinquency rate declined in June, Lowest since April 2008 Reuters Fed's balance sheet not boosting U.S. economy much: Kashkari Reuters Banks must face interest rate swap class action: U.S. judge NAHB Eye on Housing Economy Grew At a Faster Pace in Q2 NAR - Realtor.com What Luxury Home Builders Consider Worth the Splurge Calculated Risk Blog Q2 GDP: Investment CNBC Redfin shares surge more than 30% in $138.5 million real estate tech IPO Bloomberg New Documents Give Hope to Fannie Shareholders Seeking Redress CNBC US second quarter GDP meets expectations CNBC US Treasurys mostly lower as bond investors await GDP data NAR - Realtor.com Looking to Make a Quick Buck? Sell Your Home

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