A total of 8.8 million households bought homes in the two years preceding the most recent American Housing Survey (AHS). The survey, sponsored by the Department of Housing and Urban Development, is conducted by the Census Bureau every two years. The AHS is a nationally representative survey of residential structures in the US and of the households that occupy them. Results of the 2017 survey were released last year and the National Association of Home Builders (NAHB) has taken a detailed look at the findings, publishing several blog entries. Carmel Ford of NAHB's Economics and Housing Policy Group has now published a paper on the characteristics of those recent buyers and their transaction. The 8.8 million homebuyers are the highest tallied by any AHS since the Great Recession. There were 11

February 13, 2019 Download our Mobile App: Download our Mobile App: Rob Chrisman Marketing Products; Lender Legal News; OB's Index, Flood Insurance, Ditech's Ch. 11 Amazon accounts for nearly 50% of the ecommerce activity in the United States. With that kind of delivery service, it isn’t hard to see why malls are suffering. Which is why, all across the nation, malls are being re-developed, re-purposed, wha... (read more) Housing News NAHB Takes a Detailed Look at First-Time and Trade-up Buyers A total of 8.8 million households bought homes in the two years preceding the most recent American Housing Survey (AHS). The survey, sponsored by the Department of Housing and Urban Development, is conducted by the Census Bureau every two years. The ... (read more) Housing News Global Concerns Slow Mortgage Apps, Even With Lower Rates Mortgage applications have now fallen in six of the last eight weeks. The Mortgage Bankers Association (MBA) said its seasonally adjusted Market Composite Index, a measure of application volume, fell lost another 3.7 percent on a seasonally adjusted ... (read more) MBS Commentary MBS Live Day Ahead: How Inflation Matters in The Bigger Picture This morning brings the week's first major economic report in the form of the Consumer Price Index (CPI)--one of the biggest inflation reports.  Inflation has been an on-again, off-again market mover for the bond market over the past 10 years fo... (read more) MBS Commentary MBS Live Recap: Shutdown Deal Hurts Bonds, But Mostly Helped Stocks It's hard to say exactly where stocks and bonds would be today absent the news from yesterday night regarding a possible shutdown deal.  Both sides of the market were already in the process of bouncing as of last Friday--with yesterday's closi... (read more) Mortgage Rate Watch Highest Mortgage Rates in a Week After Today's Move Mortgage rates hadn't changed much over the past few business days, even though they arguably should have moved a bit higher yesterday. That made today's adjustment slightly more abrupt. Why was there an adjustment? Mortgage rates are based primarily... (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 98.84 -0.09 Price / Yield Change MBS UMBS 5.5 98.84 -0.08 UMBS 6.0 100.50 -0.06 GNMA 5.5 99.47 -0.09 GNMA 6.0 100.64 -0.07 Pricing as of: 11/14 10:31PM EST 10 Year US Treasury 4.4606 +0.0218 Price / Yield Change US Treasury 2 YR Treasury 4.354 +0.004 5 YR Treasury 4.341 +0.015 7 YR Treasury 4.405 +0.018 10 YR Treasury 4.461 +0.022 30 YR Treasury 4.612 +0.029 Pricing as of: 11/14 10:31PM EST Latest Video With low interest rates, pressure of national debt goes away, says Brooking... 90 percent of market turn around due to Fed, says market pro Cashin: Trade talks and government shutdown threats are still the two bigge... Around the Web CNBC US posts $14 billion budget deficit as revenues sag after Trump tax cuts Reuters Senator Graham says Trump is inclined to sign funding deal Bloomberg Fed Officials' Views on the Economy Have Converged: It's in a Good Place Calculated Risk Blog Houston Real Estate in January: Sales declined 8% YoY, Inventory Up 17% Reuters Wall Street rises on optimism over U.S.-China trade talks Bloomberg Libor's Replacement Is a Little Too Real Brookings Institution Renting the American Dream: Why homeownership shouldn't be a pre-requisite for middle-class financial security Reuters Fed's Mester sees limited inflation risk from rising wages NAHB Eye on Housing Home Prices Are the Principal Barrier to Homeownership Calculated Risk Blog BLS: CPI unchanged in January, Core CPI increased 0.2% CNBC Xi will reportedly meet with Mnuchin, Lighthizer as US and China try to strike a trade deal CNBC US Treasury yields higher as China-US trade talks continue Reuters No evidence that Fed's balance sheet is behind market swings: Mester

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