Is it possible that home buyers are adjusting more quickly to this brave new virus-driven world than was hoped? Will Americans now do the whole home purchase shtick from their living room couch? A survey the National Association of Realtors® (NAR) conducted among its members this week found that one-quarter of them had facilitated a purchase contract where their customers had not physically seen the property . Those buyers had visited a median of only three homes, either virtually or in person, before signing a contract. NAR's 2019 Profile of Home Buyers and Sellers found buyers typically looked at nine homes before buying. NAR chief economist Lawrence Yun said, "Expect second quarter home sales activity to slow down with the broad observance of stay-at-home orders, but sales will pick

April 16, 2020 Download our Mobile App: Download our Mobile App: Housing News Pandemic? Not a Problem for These Sight-Unseen Buyers Is it possible that home buyers are adjusting more quickly to this brave new virus-driven world than was hoped? Will Americans now do the whole home purchase shtick from their living room couch? A survey the National Association of Realtors® (NAR... (read more) MBS Commentary MBS Live Day Ahead: Who's Lying? Coronavirus has made for some of the biggest market movement and volatility in the history of financial markets.  It's also resulted in a wide range of predictions about the future of the economy.  There's good reason for this, to be sure.&... (read more) Housing News This Chart of New Home Construction Looks Surprisingly Good Despite Biggest Hit in 40 Years While the March residential construction report from the U.S Census Bureau is grim, one can find a small glimmer of optimism in the fact that, while housing starts fell off a cliff, there was much less damage done to permits . Perhaps this means buil... (read more) Mortgage Rate Watch Mortgage Rates Move Modestly Lower, But Caveats Remain Mortgage rates had a reasonably calm and logical day--not something we've been able to say very often recently. It was calm in the sense that today's average rates didn't fall too far from yesterday's and intraday movement wasn't too extreme. It was ... (read more) Rob Chrisman Appraisal, Sales, Processing Products; Training From Home; Vendor Tidbits Unlike 2008, when, arguably, the lenders, banks, and investment banks, via lending & underwriting policies and lax securitization procedures, were the villains and scapegoats, this time around banks and lenders can help save people. We are not th... (read more) Housing News Fannie/Freddie Regulator and CFPB Agree Will Share Mortgage Servicing Info The Federal Housing Finance Agency (FHFA) and the Consumer Financial Protection Bureau (CFPB) have made arrangements to share information during the COVID-19 national emergency. CFPB is a big portal for and repository of consumer complaints about pro... (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 99.64 -0.20 Price / Yield Change MBS UMBS 5.5 99.64 -0.20 UMBS 6.0 101.43 -0.13 GNMA 5.5 99.86 -0.11 GNMA 6.0 101.34 -0.06 Pricing as of: 7/6 4:50PM EST 10 Year US Treasury 4.3467 +0.0669 Price / Yield Change US Treasury 2 YR Treasury 3.883 +0.095 5 YR Treasury 3.937 +0.070 7 YR Treasury 4.125 +0.068 10 YR Treasury 4.347 +0.067 30 YR Treasury 4.863 +0.055 Pricing as of: 7/6 4:50PM EST Latest Video Valley Bank CEO explains how his regional bank is working with the SBA on c... Fed's Williams: Seen material improvement in liquidity Former Philadelphia Fed president Charles Plosser on Fed's response to coro... Three experts break down latest unemployment and housing start data Around the Web Calculated Risk Blog CAR on California March Housing: Sales down 6.1% YoY Reuters U.S. lawmakers argue over coronavirus response as small business program runs out CNBC Fed's Williams says 'our work is not done' to try to repair economic damage from coronavirus Reuters Fed's Bostic: Small business may need up to $500 bln monthly in support through crisis CNBC The New York retail real estate market is reeling because of coronavirus, as rents tumble Calculated Risk Blog Lawler: Redfin Selected Housing Market Data CNBC Small business rescue loan program hits $349 billion limit and is now out of money NAHB Eye on Housing New Index for Remodeling Activity Debuts in Q1 2020 Calculated Risk Blog Philly Fed "Manufacturing firms reported continued weakening" in April Calculated Risk Blog Housing Starts decreased to 1.216 Million Annual Rate in March Reuters U.S. weekly jobless claims top 5.2 million in latest week CNBC 'It may be in August' Larry Fink says businesses reluctant to reboot without mass testing Reuters Fed's Kashkari says major U.S. banks should raise $200 billion in capital: FT

© 2025  Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: [recipientemail]. Go here to UNSUBSCRIBE from this email.