Recently the National Association of Home Builders (NAHB) released a study, based on census data, showing an increasing percentage of young adults, about a third of those in the Millennial generation, living with parents, other relatives, or with unrelated house- or roommates. A second part of that study looks at the correlating rates of homeownership and where both those sharing living quarters and those aged 24 to 35 who have moved out on their own tend to be located. NAHB's Natalia Siniavskaia says only 40 percent of those in that age group led their own households in 2016, the last year for which data is available, compared to 46 percent in both 1990 and 2000. As she pointed out in her previous post in NAHB's Eye on Housing blog, the percentage of young adults living with others remained

July 6, 2018 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.28% -0.01%   6.11% 7.26% 15 Yr. Fixed 5.65% +0.05%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Jul 6, 2018 Rates Staying Sideways Ahead of Big-Ticket Events Thu, Jul 5, 2018 4:26PM Mortgage rates were sideways to slightly higher today as financial markets returned for the final 2 days of the holiday-shortened week. Trade war anxiety is front and center for both stocks and bonds (which dictate rates). Fear of negative economic fallout surrounding trade policies is keeping stocks in a holding pattern just off their recent highs. Tomorrow, investors will also have to contend with an important scheduled event in the form of the big jobs report at 8:30am ET. While the jobs data is always capable of causing volatility for rates, it will be balanced against trade-related develo... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.28% -0.01 0.00 15 Yr. Fixed 5.65% +0.05 0.00 30 Yr. FHA 5.94% -0.01 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.62% +0.03 0.00 30 Yr. VA 5.95% -0.02 0.00 Updates Daily - Last Update: 9/8 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 UMBS 30YR 5.5 101.26 -0.02   97.47 101.61 UMBS 30YR 6.0 102.51 -0.03   99.66 102.51 10 YR Treasury 4.046 +0.007   3.621 4.780 MBS Live Day Ahead: Jobs Report Versus Tariff Reaction Fri, Jul 6, 2018 8:12AM As investors have sought a safe haven from trade-related risks, bonds have benefited more than they otherwise might have and stocks have been restrained.  The trick is that a trade war isn't a thing that hits markets quickly and decisively, so there's more guesswork than normal.  The well-known fundamental problems for rates (Fed policy, T... (read more) MBS Live Day Ahead: Back From Break, Bonds Still Waiting For a Breakout Thu, Jul 5, 2018 9:27AM Heading into the day and a half holiday break, bonds had been consolidating in a narrower range centered on 2.85% in terms of 10yr yields.  Now, as bonds return to finish out the week, they're consolidating in a narrower range centered on 2.85! ... (read more) MBS Price Change UMBS 5.0 99.74 -0.04 UMBS 5.5 101.26 -0.02 UMBS 6.0 102.50 -0.04 GNMA 5.0 100.05 -0.03 GNMA 5.5 101.21 +0.02 GNMA 6.0 102.15 -0.03 Pricing as of: 9/8 10:19PM EST US Treasury Yield Change 2 YR Treasury 3.496 +0.009 5 YR Treasury 3.570 +0.008 7 YR Treasury 3.775 +0.006 10 YR Treasury 4.046 +0.007 30 YR Treasury 4.699 +0.009 Pricing as of: 9/8 10:19PM EST Other News Headship Rates Indicate 2.4M Missing Millennial Households Fri, Jul 6, 2018 12:54PM Recently the National Association of Home Builders (NAHB) released a study, based on census data, showing an increasing percentage of young adults, about a third of those in the Millennial generation, living with parents, other relatives, or with unrelated house- or roommates. A second part of that study looks at the correlating rates of homeownership and wh... (read more) Can A.I. Fix Income Calcs For Mortgages? Funny You Should Ask Thu, Jul 5, 2018 5:22PM Fannie Mae's Lender Sentiment Survey has foreshadowed the growing attention to automating the loan approval process. That survey underlined the extent to which lenders are viewing increased efficiency as key to reversing their declining profitability expectations. Freddie Mac has talked about the growing need for lenders to embed artificial intelligence (AI)... (read more) State-level Investor Changes - Lending Law Tweaks; Economics Moving Rates Fri, Jul 6, 2018 8:58AM Everyone needs some learnin’, and LOs and underwriters are very interested in income, education, and trends. The US Census Bureau tells us that since the mid-1900s, postsecondary enrollment has increased during recessionary periods when the state of the labor market declines. Like during the Great Recession as college enrollment increased from 17.2 mil... 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