Home price increases reported by Black Knight Financial Services based on November home sales were little changed from those reported for October. The company said its nationwide Home Price Index (HPI) rose 0.2 percent from October, identical to the September-October change, and were 5.7 percent higher than in November 2015 . The year-over-year increase in November was 5.6 percent. The HPI now stands at $267,000. Prices are also up 5.7 percent from the beginning of 2016. This increase brings U.S. home prices to within 0.3 percent of a new national price peak . Six of the 20 largest U.S. states and eight of its largest metropolitan areas established new price peaks during the month. New York continues to lead all states in home price appreciation, growing 1.1 percent for the month. New Jersey

January 30, 2017 Download our Mobile App: Download our Mobile App: Housing News Black Knight Price Gains Remain Stable Home price increases reported by Black Knight Financial Services based on November home sales were little changed from those reported for October. The company said its nationwide Home Price Index (HPI) rose 0.2 percent from October, identical to the ... (read more) Housing News Pending Sales End Year on High Note Pending home sales recovered from the reported 2.5 percent downturn they took in November, posting an increase of 1.6 percent in December. The National Association of Realtors® (NAR) said its Pending Home Sales Index (PHSI) which is based on cont... (read more) Rob Chrisman Home Point Puys Stonegate; Citi Bails on Servicing Biz; Demographics Helping Lenders I certainly am hearing some dire numbers from appraisers out there – like their business, which kind of gets the ball rolling for a loan so could be considered a leading indicator, is down upwards of 50%. Let’s hope it’s a temporary... (read more) MBS Commentary MBS Live Week Ahead: Action-Packed Calendar of Data and Events Another week in early 2017, another chance for bond markets to defend the rate ceiling set in late 2016(around 2.64% in 10yr yields) or strive for the rate floor (roughly 2.30%) .  Defending the ceiling seems like a bigger threat given the est... (read more) Mortgage Rate Watch Mortgage Rates End Week Unchanged Mortgage rates fell today, undoing enough of this week's damage to return precisely to levels seen last Friday. In simpler terms, rates ended the week 'unchanged.' That's not for lack of volatility during the week! 4 out of the 5 days saw bigger-than... (read more) MBS Commentary MBS Live Recap: Bonds Bounce Back After Weaker Data It was a fairly one-dimensional day for bond markets, and indeed, markets in general.  Despite moderate strength in European bond markets overnight, US Treasuries remained unwilling to break below yesterday afternoon's lowest yields.  Sli... (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 6.0 100.50 -0.06 GNMA 5.5 99.47 -0.09 GNMA 6.0 100.63 -0.08 Pricing as of: 11/14 8:57PM EST 10 Year US Treasury 4.4508 +0.0120 Price / Yield Change US Treasury 2 YR Treasury 4.359 +0.009 5 YR Treasury 4.339 +0.013 7 YR Treasury 4.397 +0.010 10 YR Treasury 4.449 +0.010 30 YR Treasury 4.584 -0.050 Pricing as of: 11/14 8:57PM EST Latest Video Fast break: H-1B visas Santelli Exchange: Kick-starting a U.S. business cycle Pending home sales up 1.6% in December Around the Web Reuters Fed exempts smaller banks from part of 'stress test' in expected move Bloomberg There's a Huge Gap Between American Economic Hopes and Reality Reuters U.S. can withhold some documents in Fannie, Freddie case: court Market Watch Fed to hold interest rates while Congress debates stimulus CNBC Here's how much you need to earn to buy a home in 27 major US cities Reuters Bond markets set for a taste of the 60s as inflation picks up Reuters Germany meets bankers in Frankfurt for Brexit talks bkfs.com Black Knight Home Price Index Report: November 2016 Transactions Reuters U.S. consumer spending increases solidly in December Bloomberg Fed Balance Sheet Dilemma Looms Large for Bond, Currency Traders Reuters Citigroup to exit U.S. mortgage servicing operations by 2018 CNBC The US government says GDP rose by 1.9%, but be careful with those numbers Redfin Careers: What it Takes to Become a Real Estate Agent

© 2024  Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: [recipientemail]. Go here to UNSUBSCRIBE from this email.