Freddie Mac periodically looks at how and from where homebuyers are managing to acquire their down payments and they did so , particularly first-timers. This week, as the focus of an Insights report, the company says it continues to find that part of the challenge faced by those planning to purchase is their perception of how much money they actually need. A recent survey of individuals planning a purchase within the next three years found that nearly a third thought a 20 percent down payment was required . Over 30 percent of renters and 25 percent of existing homeowners didn't know how much was required but 70 percent said if it were 20 percent it would delay their purchase and nearly 30 percent indicated that amount would prevent them from ever buying. Many also assumed that the down money

May 8, 2019 Download our Mobile App: Download our Mobile App: Housing News How are new Borrowers Managing to Come up With Down Payments? Freddie Mac periodically looks at how and from where homebuyers are managing to acquire their down payments and they did so , particularly first-timers. This week, as the focus of an Insights report, the company says it continues to find that part of... (read more) Rob Chrisman Broker, Referral, DPA, and SRP Products; May Training and Events; New Lender and MI Products VA mortgage lenders hit with federal subpoenas ? Apparently. Secondary markets (the demand for loans and what investors are willing to pay for them) drive the primary markets: Anything that impacts demand and pricing influence rate sheets. LOs don&rs... (read more) MBS Commentary MBS Live Day Ahead: Trade Wars, 10yr Auction, and Sticky MBS Prices In the day just passed, bonds continued to rally as more details about recent trade war drama unfolded.  Actually, those details unfolded late Monday and were simply traded yesterday morning.  Notably absent from the rally was the MBS marke... (read more) Housing News Lower Rates aren't Helping Homebuying Attitudes Even though mortgages rates have declined over the last several months, consumers remain bearish about buying a home. Fannie Mae said net positive responses to the question about whether it is a good time to buy more than reversed a 7-point increase ... (read more) Housing News Freddie Mac is "Reimagining" Servicing to Benefit the Customer Freddie Mac is undertaking a new initiative designed to align the servicing process to a more customer service focus, especially for distressed homeowners. Yvette Gilmore, Freddie Mac's Vice President of Single-Family Servicer Performance Management,... (read more) Mortgage Rate Watch Mortgage Rates Sideways to Slightly Higher Mortgage rates began the day in decent shape after more trade war drama courtesy of a Reuters story overnight. In general, trade war drama pushes stock prices and bond yields (aka "rates") lower. But as we discussed yesterday, mortgage rates hadn't b... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.67% +0.00% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.67% 0.00 0.00 15 Yr. Fixed 5.91% 0.00 0.00 30 Yr. FHA 6.19% -0.01 0.00 30 Yr. Jumbo 6.80% 0.00 0.00 7/6 SOFR ARM 6.29% -0.04 0.00 30 Yr. VA 6.20% -0.02 0.00 Updates Daily - Last Update: 7/1 15 Yr. Fixed Rate 5.91% +0.00% Rate Change Points Freddie Mac 30 Yr. Fixed 6.77% -0.04 0.00 15 Yr. Fixed 5.89% -0.07 0.00 Updates Weekly - Last Update: 6/26 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.88% +0.04 0.63 15 Yr. Fixed 6.11% -0.03 0.74 30 Yr. Jumbo 6.88% +0.07 0.60 Updates Weekly - Last Update: 6/25 MBS / Treasuries UMBS 30YR 5.5 99.91 -0.01 Price / Yield Change MBS UMBS 5.5 99.91 -0.01 UMBS 6.0 101.58 0.00 GNMA 5.5 100.07 +0.01 GNMA 6.0 101.43 +0.02 Pricing as of: 7/1 10:41PM EST 10 Year US Treasury 4.2446 +0.0054 Price / Yield Change US Treasury 2 YR Treasury 3.772 -0.004 5 YR Treasury 3.835 -0.004 7 YR Treasury 4.017 +0.005 10 YR Treasury 4.244 +0.005 30 YR Treasury 4.768 +0.001 Pricing as of: 7/1 10:41PM EST 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 Bloomberg Fannie-Freddie May Be Released Without Congress, Calabria Says builderonline.com Single Family Home and Condo Sales Up in Massachusetts builderonline.com 50,000 Housing Units Needed in Miami NAHB Eye on Housing Remodeling to Age-In-Place Remains Strong, Still Mostly for Older Home Owners Calculated Risk Blog Houston Real Estate in April: Sales up 8% YoY, Inventory Up 14% NY Times Why Markets Aren't Sweating the U.S.-China Trade War Much: The Trump Put' Calculated Risk Blog Las Vegas Real Estate in April: Sales Up 2% YoY, Inventory up 101% YoY Bloomberg U.S. Factories Are Less Upbeat on 2019 Sales on Hiring, Tariffs CNBC Where Trump has support in battle with Fed over rates: The smallest small businesses Reuters U.S. will raise tariffs on $200 billion worth of Chinese imports: Federal Register Federal Reserve Brainard, "Fed Listens" in Richmond: How Does Monetary Policy Affect Your Community? Reuters Exclusive: China backtracked on nearly all aspects of U.S. trade deal - sources Bloomberg Global Bond Traders Are Betting Against the Latest Trump Threat

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