A household's decision between buying a home and renting one is being increasingly determined by its student loan debt and childcare cost burdens according to results of a Freddie Mac survey of renters and homeowners. The survey of 4,000 households shows that affordability issues are continuing to have a profound impact on housing choices. Freddie Mac president and new CEO says, "Our research confirms much of what we see in our business every day - affordability remains the essential factor when it comes to determining whether to rent or purchase a home, and the cost of housing is having a significant impact on households of every age, size and location. For millennials and many Gen Xers, buying a home is no longer just a decision based on housing and housing costs - increasing pressure from

June 27, 2019 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.28% -0.05%   6.13% 7.26% 15 Yr. Fixed 5.81% -0.04%   5.6% 6.59% 30 Yr. Jumbo 6.30% +0.00%   6.1% 7.45% Compare Mortgage Rates from Local Lenders for Jun 27, 2019 Mortgage Rates Edge Lower to Remain in Recent Range Thu, Jun 27, 2019 4:19PM Mortgage rates rose to the week's highest levels yesterday, but they moved back down today . Although there have been slightly better days over the past 2 weeks, today's improvement is enough to keep rates in the best territory since November 2016. For the average lender, this means top tier scenarios continue to see quotes in the high 3% range. In general, the expectation for more accommodative Fed policy at the next meeting (end of July) has been the primary source of inspiration for the most recent leg of 2019's already-impressive rate rally. It's good to remember, however, that those expec... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.28% -0.05 0.00 15 Yr. Fixed 5.81% -0.04 0.00 30 Yr. FHA 6.01% -0.04 0.00 30 Yr. Jumbo 6.30% 0.00 0.00 7/6 SOFR ARM 5.89% -0.06 0.00 30 Yr. VA 6.03% -0.04 0.00 Updates Daily - Last Update: 10/31 Freddie Mac Rate Change Points 30 Yr. Fixed 6.17% -0.02 0.00 15 Yr. Fixed 5.41% -0.03 0.00 Updates Weekly - Last Update: 10/30 Mortgage Bankers Assoc. 30 Yr. Fixed 6.30% -0.07 0.58 15 Yr. Fixed 5.67% -0.07 0.61 30 Yr. Jumbo 6.38% -0.01 0.34 Updates Weekly - Last Update: 10/29 UMBS 30YR 5.0 99.51 -0.05   95.05 100.11 UMBS 30YR 5.5 101.02 -0.04   97.47 101.40 10 YR Treasury 4.091 +0.016   3.932 4.780 MBS Live Day Ahead: G20 Headlines Starting to Flow Thu, Jun 27, 2019 8:43AM In the day just past, bond markets weakened at a reasonably quick pace.  The initial motivation was a headline regarding the prospects of a US/China trade deal in the overnight session.  Even though it was later corrected to be much less pr... (read more) MBS Price Change UMBS 4.5 97.48 -0.09 UMBS 5.0 99.51 -0.05 UMBS 5.5 101.02 -0.04 GNMA 4.5 97.59 -0.05 GNMA 5.0 99.66 -0.08 GNMA 5.5 100.79 -0.03 Pricing as of: 11/3 8:16AM EST US Treasury Yield Change 2 YR Treasury 3.584 +0.010 5 YR Treasury 3.700 +0.017 7 YR Treasury 3.886 +0.013 10 YR Treasury 4.092 +0.017 30 YR Treasury 4.671 +0.018 Pricing as of: 11/3 8:16AM EST Other News Rent or Buy? The Answer May Depend on Your Other Expenses Thu, Jun 27, 2019 3:46PM A household's decision between buying a home and renting one is being increasingly determined by its student loan debt and childcare cost burdens according to results of a Freddie Mac survey of renters and homeowners. The survey of 4,000 households shows that affordability issues are continuing to have a profound impact on housing choices. Freddie Mac presid... (read more) Pending Home Sales Set Stage for Solid Summer Sales Thu, Jun 27, 2019 10:22AM Pending home sales got back on track in May , increasing by 1.1 percent after a 1.5 percent setback in April. The National Association of Realtors® (NAR) said its Pending Home Sales Index (PHSI), a measure of newly signed contracts for home purchase, rose from 104.3 in April to 105.4 last month. The May increase, the third in four months, was still not e... (read more) Freddie Mac Portfolio Growth Accelerates Wed, Jun 26, 2019 9:44AM Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 7.5 percent in May , increasing from 6.2 percent the previous month. The portfolio balance at the end of the period was $2.230 trillion compared to $2.216 trillion at the end of April and $2.120 trillion a year earlier. Purchases and Issuances totaled $46.082 ... (read more) Sales, Software, Jumbo Products; Vendor News Thu, Jun 27, 2019 9:32AM Did you know that in 2018 the U.S. birth rate dropped for the fourth consecutive year? In fact the number of people born in the United States last year was the lowest in 32 years. How are we supposed to have economic growth and healthy inflation if fewer people are buying things and demand drops? There is certainly a demand for “affordable” housi... (read more) Latest Video January new home sales drop nearly 7% Bank of America CEO: Loan demand showing consistent growth UK parliament votes on options to delay Brexit January new home sales fall short of expectations, down 6.9 percent Around the Web Reuters Stocks gain on U.S.-China trade truce hopes, dollar flat Calculated Risk Blog Reis: Apartment Vacancy Rate unchanged in Q2 at 4.7% CNBC The bond market is doing something that is usually a sign for investors to 'flee for the hills' Reuters Trump decision on China tariffs depends on Xi meeting: U.S. official CNBC Kudlow: No preconditions are set for China trade meeting, may move ahead on additional tariffs Calculated Risk Blog Kansas City Fed: "Tenth District Manufacturing Activity Flat" Bloomberg Homebuying Difficult for Americans in Three-Fourths of Markets CNBC US economy grew at solid 3.1% rate in the first quarter Reuters China urges U.S. to lift sanctions on Huawei as Trump-Xi meeting looms Reuters Trump says trade deal 'possible' with China's Xi, tariffs could be lower Reuters Trump says he can fire Fed's Powell; it's not that simple Bloomberg Donald Trump is Getting Mario Draghi All Wrong - Bloomberg CNBC Suddenly, the build-to-rent single-family housing market is exploding

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