The final installment of a series of working papers produced by the University of Southern California (USC), in partnership with Fannie Mae, looks at the decade-spanning 10-point plunge in the homeownership rate of young Americans. Homeownership has declined, starting even before the housing crisis, across nearly all age groups, but has been most notable for those aged 25 to 44. Prior papers in the series have looked at the role two factors play in increasing young-adult homebuying; parental financial support, and receipt of a bachelor's degree. A third paper found that the correlates of homeownership varied under different credit and economic conditions. The study attempted to simulate how future changes in the characteristics of young adults might affect changes in their homeownership rate

June 23, 2017 Download our Mobile App: Download our Mobile App: Housing News Diversity Not Destined to Dampen Homeownership The final installment of a series of working papers produced by the University of Southern California (USC), in partnership with Fannie Mae, looks at the decade-spanning 10-point plunge in the homeownership rate of young Americans. Homeownership has ... (read more) Housing News New Home Sales Rebound; Prices Crush Previous Record The report on May new home sales, released this morning, paints a much brighter picture than last month's release of April data. In that report, the U.S. Census Bureau and the Department of Housing and Urban Development said new home sales had dr... (read more) MBS Commentary MBS Live Day Ahead: Bond Traders Eyeing The Exits As Flat Week Winds Down You've heard of "innocent until proven guilty."  This week of trading in bond markets has been "flat and boring until proven volatile."  For many, it's the first full week of summer.  For others, it's the week where their kids finish... (read more) Rob Chrisman Legal and Compliance News - Servicing Enforcement Action Rumors continue to swirl, this time about Orange County’s Americash. Yes, the drop in refi volume is showing, and even if you made it through the bad first quarter, it’s not a cake walk out there. On the other hand, I wish I owned stock i... (read more) Mortgage Rate Watch Mortgage Rates Sideways to Slightly Lower Mortgage rates have been so little-changed in recent days that yesterday's coverage wouldn't need to be changed in order to apply perfectly today. Indeed, the 3rd paragraph is a word-for-word repeat. To be fair though, we would need to update yesterd... (read more) MBS Commentary MBS Live Recap: Bonds Modestly Stronger, But Sideways Theme Remains Yesterday's recap went into some detail about the market phenomenon that can result in intense periods of sideways momentum (and trader apathy) during certain weeks of certain summertime months.  Long-story short, this week was a great candida... (read more) Mortgage Rates 30 Yr. Fixed Rate 7.02% +0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 7.02% +0.01 0.00 15 Yr. Fixed 6.37% 0.00 0.00 30 Yr. FHA 6.30% -0.02 0.00 30 Yr. Jumbo 7.20% 0.00 0.00 7/6 SOFR ARM 6.99% +0.04 0.00 30 Yr. VA 6.32% -0.02 0.00 Updates Daily - Last Update: 11/14 15 Yr. Fixed Rate 6.37% +0.00% Rate Change Points Freddie Mac 30 Yr. Fixed 6.78% -0.01 0.00 15 Yr. Fixed 5.99% -0.01 0.00 Updates Weekly - Last Update: 11/14 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.73% +0.21 0.69 15 Yr. Fixed 6.27% +0.29 0.77 30 Yr. Jumbo 6.77% +0.04 0.49 Updates Weekly - Last Update: 10/30 MBS / Treasuries UMBS 30YR 5.5 98.85 -0.07 Price / Yield Change MBS UMBS 5.5 98.85 -0.08 UMBS 6.0 100.51 -0.06 GNMA 5.5 99.48 -0.09 GNMA 6.0 100.64 -0.07 Pricing as of: 11/14 11:54PM EST 10 Year US Treasury 4.4567 +0.0179 Price / Yield Change US Treasury 2 YR Treasury 4.351 +0.001 5 YR Treasury 4.339 +0.013 7 YR Treasury 4.401 +0.014 10 YR Treasury 4.459 +0.020 30 YR Treasury 4.611 +0.028 Pricing as of: 11/14 11:54PM EST Latest Video Economic disappointment at levels not seen since 2011 Home building demand has been strong: Credit Suisse Median sale price rises to highest on record Around the Web Redfin How to Get a Mortgage Without a Full-Time, Permanent Job CNBC Here's how much housing prices have skyrocketed over the last 50 years CNBC Fungal toxins in the home can easily become airborne and be inhaled, says study Freddie Mac Freddie Mac June 2017 Outlook Brookings Institution Future Development Reads: Air conditioning and economic development Calculated Risk Blog A few Comments on May New Home Sales CNBC US Treasurys trade flat after data, Fed speeches in focus Market Watch The Fed: Fed's Bullard says time for Fed to pause on rate hikes Bloomberg Why Can't They Build More Homes Where the Jobs Are? - Bloomberg CNBC Last place left where investors are flocking to active ETFs: Bonds Freddie Mac Freddie Mac Issues Monthly Volume Summary for May 2017 Calculated Risk Blog U.S. Demographics: The Millennials Take Over Reuters Home Capital's shares surge as Buffett rides to rescue

© 2024  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.