The idea that it is a good time to buy a home appears to be losing ground . The National Association of Realtors'® (NAR's) new fourth quarter Housing Opportunities and Market Experience (HOME) survey appears to confirm a gradual erosion in this sentiment that Fannie Mae's National Housing Survey has been reporting for months. Unlike Fannie's monthly survey, however, the NAR also found that households are less confident about the economy and their personal finances. Seventy-two percent of the persons responding to the NAR survey said they surveyed considered it a good time to buy. For 43 percent it was a strong belief, down from 48 percent in the third quarter survey, and from 45 percent in the fourth quarter of 2016. Across all respondent groups only 28 percent didn't think it was a good

December 19, 2017 Download our Mobile App: Download our Mobile App: Housing News Not a "Good Time to Buy?" Tax Changes Might Make Opinions Worse The idea that it is a good time to buy a home appears to be losing ground . The National Association of Realtors'® (NAR's) new fourth quarter Housing Opportunities and Market Experience (HOME) survey appears to confirm a gradual erosion in this s... (read more) Housing News Homebuilding Activity Stronger Than Forecast After a surprisingly good report in October, with all three measures of residential construction activity rising significantly, analysts were expecting a little give back in November. That happened with both building permits and construction completi... (read more) MBS Commentary MBS Live Day Ahead: Bonds Begin Day Testing Weaker Boundaries It could just be random December trading that ultimately proves to be inconsequential, but every visit to the top of our recent ranges has to be taken seriously .  Every time 10yr yields rise to test (or break) the 2.42% barrier, we're at risk ... (read more) Rob Chrisman Events and Webinars; Borrower Satisfaction Survey; 2Y Bonds Hit 9 Year-High Demographics and politics make interesting bedfellows. There are eight senators who are at least 80-years-old, nearly twice as many as ever before. Toward the other end of the age curve, there are an estimated 83.1 million millennials in the country,... (read more) Housing News Fannie Forecast Improves, Tax Bill Seen as Double-Edged Sword Despite the disruptions from several hurricanes and an expected drag from trade in the fourth quarter, Fannie Mae says it expects 2017 to finish with higher growth than its own economists predicted, even last month. The company's forecast for economi... (read more) MBS Commentary MBS Live Recap: Late December Liquidity Causing Volatility Last Friday I said that bond traders had "had enough" when it came to reacting to every little tax bill headline.  That theme held true today, but now we might also say that traders have "had enough" of active trading for the year as well. ... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.77% -0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.77% -0.01 0.00 15 Yr. Fixed 6.03% -0.01 0.00 30 Yr. FHA 6.35% 0.00 0.00 30 Yr. Jumbo 6.90% 0.00 0.00 7/6 SOFR ARM 6.25% +0.01 0.00 30 Yr. VA 6.36% 0.00 0.00 Updates Daily - Last Update: 7/22 15 Yr. Fixed Rate 6.03% -0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.75% +0.03 0.00 15 Yr. Fixed 5.92% +0.06 0.00 Updates Weekly - Last Update: 7/17 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 99.40 -0.11 Price / Yield Change MBS UMBS 5.5 99.40 -0.11 UMBS 6.0 101.31 -0.09 GNMA 5.5 99.61 -0.17 GNMA 6.0 101.24 -0.09 Pricing as of: 7/23 12:24PM EST 10 Year US Treasury 4.3748 +0.0288 Price / Yield Change US Treasury 2 YR Treasury 3.861 +0.032 5 YR Treasury 3.915 +0.030 7 YR Treasury 4.129 +0.031 10 YR Treasury 4.374 +0.028 30 YR Treasury 4.942 +0.026 Pricing as of: 7/23 12:24PM EST Latest Video Real estate sector becomes biggest market laggard Housing starts rise versus 2016, but fall below 25-year average Santelli Exchange: How did buybacks get such a bad reputation? Around the Web CNBC Interest rates rise in one of biggest 2-day moves of year as tax bill gets closer to becoming law Reuters U.S. House approves biggest tax overhaul in 30 years, Senate next Bloomberg US Treasury Sales Are About to Double 2018. Who's Buying? Calculated Risk Blog Sacramento Housing in November: Sales down 3% YoY, Active Inventory up 8% YoY Bloomberg Fed's Kaplan Warns Inverted Yield Curve Would Limit Flexibility CNBC Fed President Neel Kashkari explains why he's still against hiking rates Freddie Mac Freddie Mac Prices $1.2 Billion Multifamily K-Deal, K-729 CoreLogic CoreLogic Analysis Shows Mortgage Credit Risk Increased from Q3 2016 to Q3 2017 CNBC Fed's Kashkari: I vote against rate hikes because of low inflation and troubling bond market signals Bloomberg Fed's Dots Have Lost the Plot as Economists Puzzle Over Outlook CNBC US Treasurys mixed as investors await news surrounding US tax plan Calculated Risk Blog Early Read on Existing Home Sales in November Bloomberg House and Senate Poised to Approve Final Tax Bill by Wednesday

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