A few more Americans decided it might be a good time to buy a home in November, but boy did they change their minds in December. Fannie Mae said the net positive responses to that question in its December National Housing Survey (NHL) plunged 12 points last month, dragging its Home Purchase Sentiment Index down to 83.5. This is 2.7 points lower than in November and down 2.3 points year-over-year. The chart puts things into better perspective, however, especially when we consider what the line might have looked like if this survey had been established before 2011. The share of survey respondents who thought it was a good time to buy dropped 5 points to 52 percent while there was a 7-point increase in those who thought it was a bad time, to 41 percent. The resulting net of 11 points was the lowest

January 7, 2019 Download our Mobile App: Download our Mobile App: Housing News Housing Sentiment Struggling, But Still Respectable A few more Americans decided it might be a good time to buy a home in November, but boy did they change their minds in December. Fannie Mae said the net positive responses to that question in its December National Housing Survey (NHL) plunged 12 poin... (read more) Rob Chrisman Homebuyer Product; Sample of Vendor News; Rates Reflecting Slowdown Let’s start the first 5-day workweek of 2019 off with something entirely non-mortgage related, although “unintended consequences from revenue-based decisions” come to mind. Weight can be a serious matter. (I admit that I have troubl... (read more) MBS Commentary MBS Live Week Ahead: A Few Levels To Watch As Bonds Try To Hold Recent Gains Will rates be able to remain in the comparatively great territory they entered last week, or does Friday's post-NFP sell-off mean we should be fearful of a big retracement back toward levels from earlier in Dec or worse? Neither I, nor anyone ... (read more) Mortgage Rate Watch Mortgage Rates Erase Yesterday's Drop After Jobs Report Mortgage rates hit the lowest levels in nearly a year as of yesterday afternoon. In general, they've had a one track mind for the better part of two months. Today brought the first real challenge to the recent trend. In plain terms, yesterday brought... (read more) Housing News Another Dim Outlook for Refinancing Refinancing activity has probably held up better than expected as interest rates have risen. Refinance applications accounted for more than 40 percent of the total in each of the Mortgage Bankers Association's weekly application volume summaries in D... (read more) MBS Commentary MBS Live Recap: Jobs and Powell Douse Rate Rally Yesterday's recap headline spoke of bonds being on fire in a good way.  Apparently word got out .  Several party poopers arrived with buckets of water today. The first of these buzzkills didn't get much mainstream press but was arguabl... (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 98.83 -0.09 Price / Yield Change MBS UMBS 5.5 98.81 -0.12 UMBS 6.0 100.47 -0.10 GNMA 5.5 99.44 -0.12 GNMA 6.0 100.62 -0.09 Pricing as of: 11/15 1:47AM EST 10 Year US Treasury 4.4596 +0.0208 Price / Yield Change US Treasury 2 YR Treasury 4.357 +0.007 5 YR Treasury 4.345 +0.019 7 YR Treasury 4.407 +0.019 10 YR Treasury 4.463 +0.024 30 YR Treasury 4.613 +0.030 Pricing as of: 11/15 1:47AM EST Latest Video Tax refunds will be issued despite government shutdown Larry Summers: Odds better than 50/50 we have a recession within 2 years Cashin: The Fed learned its lesson and will be more careful Around the Web Washington Post Experts weigh in on what the 2019 housing market will bring CNBC Fed's Bostic sees one interest rate increase for 2019 CNBC Here's how home buyers could save some money amid rising interest rates Bloomberg Yale's Shiller Says Fed's Powell Is 'Reasonable' Calculated Risk Blog Update: Framing Lumber Prices Down Year-over-year CNBC ISM non-manufacturing index hits 57.6 in December NAHB Eye on Housing Consumer Confidence Drops in December Bloomberg The Fed and the PBOC Are No Longer Poles Apart CNBC US Treasury yields move lower as trade war talks continue Bloomberg U.S. Bond Yields Pull Off Lows as Fed Embarks on Listening Tour Reuters Powell to markets: Fed is flexible and aware of risks CNBC Rent, mortgage payments are hard to meet for workers entangled in the government shutdown Calculated Risk Blog How can the unemployment rate increase if the economy is adding so many jobs?

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