Data from CoreLogic could be sounding a bubble alarm. The company's Home Price Report for September jumped almost a point from the previous month, and the company says nearly half of the largest metropolitan areas are overvalued. The CoreLogic Home Price Index (HPI) rose 0.9 percent for the third consecutive month in September and the index has averaged 1.1 percent gains over the first nine months of 2017. On a year over year basis, the index was up 7.0 percent tying it with February as the second largest gain so far this year, behind only March with an annual increase of 7.1 percent. The change from August to September was 6.9 percent. The CoreLogic Market Condition Indicators (MCI) data is an analysis of housing values in the country's 100 largest metropolitan areas based on housing stock

November 7, 2017 Download our Mobile App: Download our Mobile App: Housing News Overvaluation Becoming a Bigger Issue for Home Prices -CoreLogic Data from CoreLogic could be sounding a bubble alarm. The company's Home Price Report for September jumped almost a point from the previous month, and the company says nearly half of the largest metropolitan areas are overvalued. The CoreLogic Home P... (read more) Rob Chrisman Nationstar in Play; New Lender; State Credit Scores and Lending Changes The MBA sent a letter to the House Committee on Ways and Means regarding its recently released tax reform proposal. Given the tax proposal, the MBA reports (using its analysis of 2016 HMDA data) that 7% of first lien home purchase mortgage balances o... (read more) Housing News How Much Do Rates Matter For Affordability? During the first eight months of 2017, home prices increased at the fastest clip than any equivalent time period since 2013. Black Knight Financial Services said late last month that there had been just over 6 percent in appreciation in its nationwid... (read more) Housing News Jumbo Loan Availability Declined in October Access to mortgage credit changed very little over the first nine months of 2017, and when there were increases, it seemed always to be the availability of jumbo mortgages driving them. The Mortgage Bankers Association said that the change in its Mor... (read more) MBS Commentary MBS Live Day Ahead: Without Inspiration and Motivation, Things Can Get Weird Bond traders are like my 10yr old.  If you give them plenty of information to consider and if you lay out the right set of challenges, they're much more likely to stay on task in a relatively predictable way, or at least in a manner that can be ... (read more) Mortgage Rate Watch Mortgage Rates Drift Calmly Down to 3-Week Lows Mortgage rates continued lower today, despite a blatant lack of underlying motivation in financial markets. By that, I mean that we haven't seen any obvious cause and effect relationships between news, economic data, and bond market movements (which,... (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 98.85 -0.07 Price / Yield Change MBS UMBS 5.5 98.86 -0.07 UMBS 6.0 100.52 -0.05 GNMA 5.5 99.49 -0.07 GNMA 6.0 100.65 -0.06 Pricing as of: 11/14 11:35PM EST 10 Year US Treasury 4.4567 +0.0179 Price / Yield Change US Treasury 2 YR Treasury 4.351 +0.001 5 YR Treasury 4.336 +0.010 7 YR Treasury 4.399 +0.012 10 YR Treasury 4.455 +0.016 30 YR Treasury 4.607 +0.024 Pricing as of: 11/14 11:35PM EST Latest Video Jim Paulsen says the long-standing bull market could take a 'pause' Fed Gov. Randal Quarles promises review of bank regulation No signal for a recession or for the rally to be over anytime soon: Credit ... Around the Web CNBC Mitch McConnell says Senate GOP will release its tax proposal on Friday Bloomberg Bond-Market Phenomenon Unseen Since '04 Explains Curve Conundrum Reuters House Republicans seek U.S. tax vote next week; Fitch warns on deficit The Atlantic Governments Don't Stand a Chance Against Rich People Who Don't Like Taxes NAR - Realtor.com Millennial Home Buyers Send a Chill Through Rental Markets NAHB Eye on Housing Construction Job Openings in September CNBC House tax panel chair says it expects to vote on plan next week CNBC September job openings holds steady near record high PR Newswire U.S. Office Space Vacancies Continue Tightening Trend CoreLogic CoreLogic US Home Price Report Reveals Nearly Half of the Nation's Largest 50 Markets are Overvalued Brookings Institution It's time to gut the mortgage interest deduction CNBC As rules on reverse mortgages for seniors change, opportunities and concerns arise CNBC The Trump Fed: Fresher faces, bigger chance for market disruption

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