Home prices continued their nearly unabated upward trend in November according to data released on Wednesday by the Federal Housing Finance Agency (FHFA). FHFA's Housing Price Index (HPI), based on the values of purchase mortgages sold to or guaranteed by Freddie Mac and Fannie Mae (the GSEs) rose 0.5 percent in November on a seasonally adjusted basis from the October level. October's index, which originally posted a 0.4 percent gain, was revised down to 0.3 percent. November home prices were up 6.1 percent compared to November 2015 . The year-over-year increase in October was 6.0 percent. During the first 11 months of 2016 prices increased year-over-year by an average (including revisions) of 5.93 percent. The annual increase has been 6 percent or more for the last four months on which FHFA

January 25, 2017 Download our Mobile App: Download our Mobile App: Housing News Home Price Gains Still Above 6% Year-Over-Year Home prices continued their nearly unabated upward trend in November according to data released on Wednesday by the Federal Housing Finance Agency (FHFA). FHFA's Housing Price Index (HPI), based on the values of purchase mortgages sold to or guarante... (read more) Housing News Purchase Applications at 7-Month High Applications for purchase mortgages increased during the week ended January 20, pushing the Mortgage Bankers Association's (MBA's) Market Composite Index higher despite increasing interest rates. MBA said its index, a measure of application volume, i... (read more) Mortgage Rate Watch Mortgage Rates Higher as Volatility Continues Mortgage rates have been volatile recently, with 3 out of the past 5 business days seeing much-bigger-than-average moves. After improving nicely yesterday, rates rose quickly today by nearly the same amount. Relative to the recent landscape, this lea... (read more) Rob Chrisman Bank M&A Continues; Primer on LIBOR; What if the Fed Stops Buying MBS? "If you want to be successful on the highest level, be willing to serve on the lowest." That is a great statement for companies who take charity work to heart. Taking liberties with the term “lowest,” here’s a short video of a fun a... (read more) MBS Commentary MBS Live Day Ahead: Bonds Approaching Next Important Ceiling as Weakness Continues The first few weeks of the new year were good for bond markets, but that dream is increasingly being shattered by the past 2 weeks.  We were already relatively certain that rates could not make some heroic move back to pre-election levels... (read more) MBS Commentary MBS Live Recap: Afternoon Insult Added to Morning Injury Bond markets began the day in weaker territory following overnight weakness in European bond markets.  In addition, bond buyers generally got their fill by the end of yesterday morning's snowball rally and then had nowhere to go but back towar... (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 -0.09 UMBS 6.0 100.49 -0.07 GNMA 5.5 99.47 -0.10 GNMA 6.0 100.64 -0.07 Pricing as of: 11/14 10:34PM 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 10:34PM EST Latest Video Here's what happens when GDP, inflation, and the 10 yr are all around 2% Home Depot up over 400% since Dow 10K in 2009 Inflation is the big risk in the Trump trade: Pro Around the Web NAR - Realtor.com California Housing Crunch Prompts Push to Allow Building CNBC Government's Fannie Mae will back PE giant Blackstone's rental homes debt builderonline.com U.S. Housing Shortage is Worst on the West Coast, New Study Finds CNBC Watch live: White House spokesman Spicer gives briefing amid flurry of executive orders Reuters Dow's climb from 10,000 to 20,000 was unusually slow CNBC Measured Dow 20,000 reaction feels different than bubble-fueled Dow 10,000 party, investors say Redfin Luxury Home Prices Were Nearly Flat Last Quarter; Rest of the Market Showed Substantial Gains Market Watch Why there may not be a bloodbath in the bond market after all Bloomberg Treasuries Fall Amid Gains for Risk Assets, EGB Selloff Reuters ECB should soon start discussing exit from stimulus: Lautenschlaeger Calculated Risk Blog BLS: Unemployment Rates Lower in 10 states, Stable in 39 states in December CNBC Homebuilders ETF on course for best day in 8 months after earnings, data Calculated Risk Blog A Few Comments on December Existing Home Sales

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