The national homeownership rate ticked up slightly in the fourth quarter of 2017, but the U.S. Census Bureau said the change, from 63.9 percent in the third quarter to 64.2 percent in the fourth was not statistically different. The rate in the fourth quarter of 2016 was 63.7 percent. The rate has improved only slightly since reaching a historic low of 62.9 percent in the second quarter of 2016. Homeownership in the U.S. peaked at 69.2 percent in 2004. The rate was, as usual, highest among the oldest groups of Americans. Those 55 to 64 years old had a rate of 75.3 percent, up 0.5 point from a year earlier while 79.2 percent of those over age 65 were homeowners, a fraction lower than in the previous fourth quarter. The year-over-year increase was greatest among the much-watched Millennials ,

January 30, 2018 Download our Mobile App: Download our Mobile App: Housing News You'll Never Guess Who's Pushing Homeownership Higher The national homeownership rate ticked up slightly in the fourth quarter of 2017, but the U.S. Census Bureau said the change, from 63.9 percent in the third quarter to 64.2 percent in the fourth was not statistically different. The rate in the fourth... (read more) MBS Commentary MBS Live Day Ahead: Another Way to Look at The Sell-Off (Inflation is Back) Bonds enter the 2nd day of the week without any major reprieve in the selling trend.  That trend kicked into a higher gear yesterday, prompting us to discuss big-picture, fundamental drivers.  Global central bank tightening and increased bo... (read more) Housing News Deja Vu: Home Price Gains Being Led by Usual Suspects Home price gains picked up the pace again in November according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. The index, which covers all nine U.S. census divisions, rose 6.2 percent compared to November 2016 . The annual incr... (read more) Mortgage Rate Watch Mortgage Rates Still on a Scary Ride Mortgage rates continued just slightly higher today. While it wasn't the worst day they've had in terms of movement, it arrives as rates were already pushing the highest levels in more than 3 years. In that sense, it's like a few nerve-racking moment... (read more) Rob Chrisman Ginnie, FHA, VA News Impacting the Primary/Secondary Markets Opening today’s note with something non-business related, before the commentary comes out Wednesday (tomorrow) morning, we’ll have a full lunar eclipse. No glasses needed! Those on the East coast will only see it briefly before sunrise. F... (read more) MBS Commentary MBS Live Recap: Bonds Tank, Rates Spike, No Satisfying Explanations In a perfect world, massive sell-offs in bond markets would have logical explanations--the sort of tidy cause and effect relationships often seen following the big jobs report back during the days when markets cared about it much more than they do ... (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 98.86 -0.06 UMBS 6.0 100.52 -0.04 GNMA 5.5 99.50 -0.07 GNMA 6.0 100.65 -0.06 Pricing as of: 11/14 9:21PM EST 10 Year US Treasury 4.4508 +0.0120 Price / Yield Change US Treasury 2 YR Treasury 4.355 +0.005 5 YR Treasury 4.335 +0.009 7 YR Treasury 4.393 +0.006 10 YR Treasury 4.446 +0.007 30 YR Treasury 4.593 +0.010 Pricing as of: 11/14 9:21PM EST Latest Video Will the incoming Fed chair ‘shock’ the market? This is a classic case of rebalancing: Bank of America's Chris Hyzy Buyers face rising rates heading into spring housing market Around the Web CNBC Three events in the next 24 hours that could determine whether the sell-off continues CNBC If the market's drop turns into a correction, history says hide out in gold, bonds Bloomberg ECB's Knot Says QE May End With Short Taper After September Bloomberg Dollar May Get Treasuries Lifeline, But Only If Yields Crack 3% NAR - Realtor.com This Is the Best Time of Year to Rent Calculated Risk Blog Freddie Mac: Mortgage Serious Delinquency Rate Increased Sharply in December Bloomberg Mnuchin Says His Dollar Policy Isn't Aimed at Jawboning It Lower CNBC This stock market drop is about one thing: fear of rising interest rates Calculated Risk Blog Real House Prices and Price-to-Rent Ratio in November blog.stewart.com Another Top-10 List Where Millennials are Buying Homes Reuters Wall Street hit by rising bond yields, sinking health stocks Calculated Risk Blog HVS: Q4 2017 Homeownership and Vacancy Rates Bloomberg Treasury Refunding Announcement Is a Rare Nail-Biter for Traders

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