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Description: realestate #youtube #yahoofinance Bank of America Head of Retail Lending Matt Vernon joins the Yahoo Finance Live show to ...
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Text duration start ents sentiment
second week in a row the 30-year fixed 5.459 Jump to 4.56 DATE second week in a row DATE 30-year
rate mortgage averaged 6.35 percent in 5.04 Jump to 6.66 PERCENT 6.35 percent
the week ending May 11th that is down 4.981 Jump to 10.019 DATE the week ending May 11th
from 6.39 from a week ago with rates 5.76 Jump to 11.7 CARDINAL 6.39 DATE a week ago
of America roughly 40 percent of those 3.721 Jump to 28.439 GPE America PERCENT roughly 40 percent
stood out to me here in the study 69 of 5.34 Jump to 42.719 CARDINAL 69
actually first-time home buyers 3.799 Jump to 55.26 ORDINAL first
roughly a third of our business today is 6.481 Jump to 59.879 CARDINAL roughly a third DATE today
in first-time homebuyers so I think that 4.8 Jump to 63.48 ORDINAL first
number is pretty astounding the 69 3.78 Jump to 66.36 CARDINAL 69
um I'm surprised that 56 percent of gen 4.56 Jump to 127.56 PERCENT 56 percent
the next two years what does that tell 4.08 Jump to 132.12 DATE the next two years
you number one about the savings but 4.44 Jump to 133.98 CARDINAL number one
put aside 25 of their income which is 5.22 Jump to 190.14 CARDINAL 25
so I think two things right one we 4.8 Jump to 269.04 CARDINAL two
stat around 3 million Millennials who 4.5 Jump to 292.62
make over a hundred and fifty thousand 4.201 Jump to 295.199 CARDINAL a hundred and fifty thousand