The average mortgage consumer almost never expects lower rates. According to Fannie Mae’s monthly National Housing Survey, consumers are not very good at predicting when rates will rise or drop. Fannie Mae polls 1,000 U.S. consumers at random each month to determine overall sentiment about the housing industry and economy.
While mortgage rate optimism kept consumer confidence about the home purchase market high in June, affordability worries pulled overall sentiment lower, a Fannie Mae survey said. Fannie Mae’s Home Purchase Sentiment Index for June was 91.5, down from 92 in May (the second highest ever) but up from 90.7 in June 2018.
A decrease in the "Good Time to Buy" component helped drive the index lower, despite another supportive mortgage rate outlook from consumers. The net share of respondents expecting mortgage. back.
New-home sales declined more than forecast in December US new-home sales fell 6.9 percent in January | WTOP – The Commerce Department said Thursday that new homes sold at a seasonally. annual rate of 607,000 in January, down from 652,000 in December.. the harsh winter weather that affected much of the country both weighed. Report: More than 2M area families live in unaffordable housing Local News.A flattening yield curve is not a threat to mortgage insurers BREAKING DOWN ‘Flat Yield Curve’. If the yield curve is flattening, it indicates the yield spread between long term and short term is decreasing. For example, a flat yield curve on U.S. Treasury bonds is one in which the yield on a two-year bond is 5% and the yield on a 30-year bond is 5.1%.
Last June, mortgage credit availability was slightly up, an indication of looser lending standards, according to the Mortgage Bankers Association.Coincidentally, consumers showed more optimism in getting a mortgage last month per a separate housing index by Fannie Mae.
Mortgage rates rose for the first time in 12-weeks in the week ending 31 st January. 30-year fixed rates increased by 1 percentage point to 4.46%, according to figures released by Freddie Mac.
Mortgage rates rise again, but shouldn’t affect home buying Prepayments pour in ahead of spring buying season, delinquencies drop This disambiguation page lists articles associated with the title Prepayment. If an internal link led you here, you may wish to change the link to point directly to the intended article.Ex-Cantor bond trader on trial as defense assails profiteers Litvak was the first bond trader charged in connection with the TARP program. Litvak however successfully had the sentence overturned on appeal. In January 2017 a jury found Litvak guilty of just one of the previous ten charges. On April 26, 2017 a federal judge in Connecticut sentenced Litvak to two years in prison and a two million dollar fine.
And that could make the difference between getting their dream home or settling for something less. the recent rate drop, we’re expecting this to be a particularly busy home-buying season – but the.
Consumers were also slightly less optimistic about future unemployment with the mean unemployment expectations rate coming to 35.1 percent in October, up from 36.2 percent a month earlier.
Consumers awaiting rates to decrease over a subsequent 12 months increasing 8 commission points year-over-year and 5 commission points month-over-month. At a same time, a share expecting expansion in home prices over a subsequent year fell 13 commission points from final year and 2 commission points from Mar to April.
Rising prices narrow home value perception gap in September Home value gains slowing The analysis also shows a slowdown in appraisal values to 0.35%, less than half that of August. Annually, the Quicken Loans Home Value Index gained 5.69% in September.
The net share of consumers who think that now is the right time to buy a home declined 7 percentage points in February compared to the same time last year, according to Fannie Mae’s latest Home.
More consumers, especially in rural areas and the Midwest, are growing increasingly confident in the U.S. economy and housing this year, but renters aren’t so optimistic. to lower their mortgage.
FinLocker makes moves to support loan data management Construction loan closing times drop after tech update: Ellie Mae Ellie Mae  ELLI, +0.00% the leading cloud-based platform provider for the mortgage finance industry, announced today that it has launched a new major release of its Encompass digital.Ex-LendingQB exec asks court to dissolve tech vendor MeridianLink The co-founder and ousted board chair of high-tech database company basho technologies Inc. sued the company in a Delaware Chancery Court complaint unsealed Thursday, saying a major investor’s.Once ratified, the 11.5 percent stability fee will make it more expensive for users to take out programmatic loans of DAI. re not going to move the needle, signaling any support of one of these.