Fannie Mae said "Consumers are increasingly adamant that it's a good time to sell, bad time to buy a home" as it released its June Home Purchase Sentiment Index (HPSI). The index, based on the company's monthly National Housing Survey, shows a growing difference in the number of consumers who hold one or another of those opinions. The HPSI was largely unchanged in June, dipping from 80.0 in May to 79.7 , but questions of whether it is a good time to buy a home or to sell one produced notable results. Only 32 percent of survey respondents said it was a good time to buy, down from 35 percent in May and with an 8 point increase in those who thought it was not. As a result, the net who were upbeat about buying fell 11 points to -32 percent, 66 points lower than in June 2020. Conversely, the net

July 8, 2021 Download our Mobile App: Download our Mobile App: Housing News Attitudes About Buying and Selling Continue to Diverge Fannie Mae said "Consumers are increasingly adamant that it's a good time to sell, bad time to buy a home" as it released its June Home Purchase Sentiment Index (HPSI). The index, based on the company's monthly National Housing Survey, shows a growin... (read more) Rob Chrisman MLO, Broker, RE Agent Opportunities; Wholesale and Broker, Lock Desk Products; Downward Move in Rates I head to Salt Lake City today, and on the way to the airport thought to myself, with all the technological and scientific advances being made, the folks at Wrigley should add be able to extend the flavor life of their Juicy Fruit gum, right? Not Wil... (read more) Housing News Massive Tappable Equity and More Record Price Gains We recently summarized a report from the Urban Institute (UI) about the apparent reluctance of sellers to entertain offers from prospective buyers intending to use FHA or VA financing. UI based its conclusion on both a survey of real estate agents co... (read more) Mortgage Rates Mortgage Rates Very Close to 5-Month Lows 30 Yr. Fixed Rate 7.03% -0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 7.03% -0.01 0.00 15 Yr. Fixed 6.40% -0.01 0.00 30 Yr. FHA 6.45% 0.00 0.00 30 Yr. Jumbo 7.22% 0.00 0.00 7/6 SOFR ARM 7.04% -0.01 0.00 30 Yr. VA 6.47% +0.02 0.00 Updates Daily - Last Update: 11/22 15 Yr. Fixed Rate 6.40% -0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.84% +0.06 0.00 15 Yr. Fixed 6.02% +0.03 0.00 Updates Weekly - Last Update: 11/21 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 MBS Live Recap: Impressive Move to Longer-Term Lows. What's Next? UMBS 30YR 5.5 98.97 +0.09 Price / Yield Change MBS UMBS 5.5 98.96 +0.07 UMBS 6.0 100.58 +0.04 GNMA 5.5 99.42 +0.04 GNMA 6.0 100.61 -0.05 Pricing as of: 11/22 1:57PM EST 10 Year US Treasury 4.3992 -0.0216 Price / Yield Change US Treasury 2 YR Treasury 4.366 +0.017 5 YR Treasury 4.296 -0.006 7 YR Treasury 4.343 -0.012 10 YR Treasury 4.408 -0.013 30 YR Treasury 4.590 -0.011 Pricing as of: 11/22 1:57PM EST Latest Video A formal Fed taper announcement likely: JPMorgan's Jay Barry on rates BlackRock's Rick Rieder on what he thinks rates do very well Here's how investors can play the homebuilders space The Bond Report - July 8, 2021 Around the Web Reuters Wall Street ends lower as recovery momentum concerns fuel broad sell-off Calculated Risk Blog NMHC: Rent Payment Tracker Shows Households Paying Rent Decreased Slightly YoY in Early July Calculated Risk Blog Leading Index for Commercial Real Estate "Loses Steam In June" CNBC Wells Fargo tells customers it's shuttering all personal lines of credit CNBC China's central bank is 'quite worried' about global risks from some digital currencies Reuters Analysis: U.S. bond managers say market has overshot, yields too low CNBC U.S weekly jobless claims unexpectedly rise to 373,000, as job growth slows CNBC 10-year Treasury yield falls to 1.25% on concerns about economic growth, Covid variant Reuters U.S. Treasury rally powers on, world shares take a knock Federal Reserve Minutes of the Federal Open Market Committee, June 15-16,2021 Calculated Risk Blog FOMC Minutes: "Inflation Risks tilted to upside", Begin reducing asset purchases "somewhat earlier" CNBC Did state cuts to unemployment benefits get people back to work in June? CNBC Federal Reserve releases minutes of its June 15-16 meeting

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