It should hardly come as a surprise, each month the report from the S&P CoreLogic Case Shiller home price report starts the same way, "home prices continued their rise across the country over the last 12 months." There is also a note that the National Index has established another all-time high . It is no different for today's report covering the January data. The National Home Price Index, indicating prices across all nine census divisions, came in with a year-over-year gain of 6.2 percent , ticking down from the 12-month increase of 6.3 percent in December. Both before and after seasonal adjustment, the monthly change was 0.5 percent , in December the non-adjusted increase was 0.2 percent and the seasonally adjusted change was 0.7 percent. The 10-City Composite Index posted a 6.0 percent

March 27, 2018 Download our Mobile App: Download our Mobile App: Housing News Case-Shiller Says "Affordability not a Concern" It should hardly come as a surprise, each month the report from the S&P CoreLogic Case Shiller home price report starts the same way, "home prices continued their rise across the country over the last 12 months." There is also a note that the Nat... (read more) Rob Chrisman Upcoming Training and Events; Joint Venture Legal Case; Capital Markets Studies indicate 1.2 billion people worldwide do not have proper shelter. A startup in Austin, Texas decided it would work to change that. Using a heavy-duty 3D printer, the startup can “print” a single story, 650 square foot house out of... (read more) MBS Commentary MBS Live Day Ahead: Bonds Balancing Peer Pressure and Personal Goals Whether we're looking at shorter-term or longer-term charts, we're left with the sense that bonds aren't very interested in following any other market in lock-step these days.  Normally , we'd see reliable correlations with something like Europ... (read more) Housing News Homebuying Attitudes at Odds With Economic Outlook Positive attitudes toward home buying still predominated in the National Association of Realtors® (NAR) most recent Housing Opportunities and Market Experience (HOME) survey, but they are softening . "Yes" responses to the question of whether it ... (read more) Mortgage Rate Watch Mortgage Rates Slightly Higher to Begin Shortened Week Mortgage rates moved sideways to slightly higher today, keeping them in an exceptionally narrow range that's persisted for the entire month of March. As of last Thursday, rates looked like they might make an attempt to challenge the lower boundary of... (read more) MBS Commentary MBS Live Recap: Early Weakness Reinforces Sideways Trend With last Thursday's rally, bonds had a chance to challenge the prevailing sideways range (from 2.80-2.91 in 10yr yields).  Friday's weakness was set to assign a failing grade to that breakout attempt, but late-day strength kept some hope aliv... (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 98.85 -0.07 UMBS 6.0 100.51 -0.05 GNMA 5.5 99.48 -0.08 GNMA 6.0 100.65 -0.06 Pricing as of: 11/14 11:25PM EST 10 Year US Treasury 4.4552 +0.0164 Price / Yield Change US Treasury 2 YR Treasury 4.353 +0.003 5 YR Treasury 4.338 +0.012 7 YR Treasury 4.400 +0.013 10 YR Treasury 4.457 +0.018 30 YR Treasury 4.608 +0.025 Pricing as of: 11/14 11:25PM EST Latest Video CNBC survey: 32% have seen more take-home pay after tax cuts Santelli Exchange: The complex "distortions" that get ignored Consumer confidence index at 127.7 in March Around the Web Freddie Mac Freddie Mac Issues Monthly Volume Summary for February 2018 Reuters Chicago can pursue part of Wells Fargo predatory lending case Gallup U.S. Investor Optimism Stable and Strong Calculated Risk Blog Real House Prices and Price-to-Rent Ratio in January NAR - Realtor.com New Tax Law May Encourage Home Rentals CNBC 10 cities with the best credit scores in the US Calculated Risk Blog Richmond Fed: "Fifth District Manufacturing Firms Reported Sluggish Growth in March" CNBC Consumer confidence falls in March, breaking 2 month streak of gains blog.stewart.com Existing Home Sales Ratcheted Up 1.1 Percent Vs a Year Ago in February 2018, Reversing a Miss in January Despite Shrinking Inventory NAHB Eye on Housing Tax Reform Toolkit: The Pass-Thru Deduction for High Income Taxpayers Redfin Redfin Housing Demand Index Fell 14 Percent from January to February as Ongoing Supply Shortage Crimped Homebuyer Activity Bloomberg The Rate the Banks Once Rigged Is Jumping"and Causing Trouble CNBC ECB could still yet extend its massive bond-buying program, key policymaker says

© 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.