Consumers are beginning to buy into the idea that mortgage rates might go down, at least according to responses to the June National Housing Survey (NHS) . However, that may not mean they have a lot of confidence in housing overall. Fannie Mae says its Home Purchase Sentiment Index (HPSI), based on some NHS questions, dipped a half-point from its May near-survey high to 91.5. Without an 8-point improvement in the net positive responses to "Do you think mortgages rates will go down?" the index would have fallen far further. While those who expect further easing of rates are still in the minority, the net for the question has risen to a negative 29 percent, there are far fewer naysayers than when the question bottomed out at -56.0 percent in December. Responses to the remaining five NHS questions

July 8, 2019 Download our Mobile App: Download our Mobile App: Housing News Low Rates Help Home Purchase Sentiment Hold Near Highs Consumers are beginning to buy into the idea that mortgage rates might go down, at least according to responses to the June National Housing Survey (NHS) . However, that may not mean they have a lot of confidence in housing overall. Fannie Mae says i... (read more) MBS Commentary MBS Live Day Ahead: Momentum Shift Confirmation In the week just past, bonds rallied hard into the Independence Day holiday.  10yr yields hit fresh multi-year lows before getting slammed by a jobs report that came out much stronger than expected.  The resulting weakness brought them in l... (read more) Rob Chrisman Warehouse, Non-Jumbo, MI Products; Capital Markets Update Welcome to “Work from Bed Day” around the nation. Okay, I just made that up, but it sounds enticing. Perhaps it would lead to greater worker satisfaction. Plenty of lenders are focused on borrower satisfaction, and quantifying it. STRATMO... (read more) Mortgage Rate Watch Mortgage Rates Bounce Higher After Jobs Report Mortgage rates moved higher today following higher-than-expected job creation in a report from the Labor Department. The Employment Situation (aka "the jobs report") is the most important monthly economic report. That's especially true for interest r... (read more) Housing News Investor Share of Home Sales at Record Levels Seven or eight years ago the home sales headline was the entry of big institutional investors into the single-family market. These investors, many of which were hedge funds, bought up hundreds of thousands of distressed homes, a large number of which... (read more) Housing News Application Activity Flat; Purchase Apps Maintain Big Annual Edge Mortgage application activity during the week ended June 28 was largely unchanged from the week that preceded it. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of total volume, dipped 0.1 percent on a seasonally ad... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.81% -0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.81% -0.01 0.00 15 Yr. Fixed 6.04% -0.03 0.00 30 Yr. FHA 6.39% -0.01 0.00 30 Yr. Jumbo 6.92% 0.00 0.00 7/6 SOFR ARM 6.27% -0.04 0.00 30 Yr. VA 6.40% -0.02 0.00 Updates Daily - Last Update: 7/18 15 Yr. Fixed Rate 6.04% -0.03% 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 6.82% +0.05 0.62 15 Yr. Fixed 6.11% +0.07 0.66 30 Yr. Jumbo 6.81% +0.12 0.39 Updates Weekly - Last Update: 7/16 MBS / Treasuries UMBS 30YR 5.5 99.24 +0.12 Price / Yield Change MBS UMBS 5.5 99.24 +0.12 UMBS 6.0 101.20 +0.08 GNMA 5.5 99.55 +0.27 GNMA 6.0 101.21 +0.24 Pricing as of: 7/18 6:50PM EST 10 Year US Treasury 4.4195 -0.0338 Price / Yield Change US Treasury 2 YR Treasury 3.870 -0.034 5 YR Treasury 3.946 -0.044 7 YR Treasury 4.172 -0.038 10 YR Treasury 4.420 -0.034 30 YR Treasury 4.984 -0.024 Pricing as of: 7/18 6:50PM 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 Reuters Stocks fall on dimming prospects for sharp U.S. rate cut Redfin 10 Steps to Protect Your Home While on Summer Vacation CNBC Rental demand soars as more millennials believe it's cheaper than owning a home CNBC Rental demand soars as more millennials believe it's cheaper than owning a home Calculated Risk Blog Merrill: "Data cools call for July cuts" CNBC Art Laffer says the Federal Reserve should be controlled by the president and Congress builderonline.com Condo/Hotel Hybrid Arrives in Austin and Miami Reuters Fed easing could prompt first China rate cut in four years: analysts Reuters Global shares muted as prospect of sharp U.S. rate cut fades Bloomberg ECB Plan to Modernize Bond Sales Gets Cool Reception From Banks Bloomberg Trump Spoke With Powell on May 20, Days After Criticizing Him - Bloomberg CNBC Fed chief Powell has had a series of very short phone calls with Trump this year Bloomberg Fed Debate Shifts From Half-Point Cut to Whether to Cut at All

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