An asset bubble can burst, or it can develop a slow leak, and float more or less gradually back to normal levels. The National Association of Realtors'® (NAR's) quarterly report on existing homes and metro home sales seems to indicate that the housing market, where skyrocketing prices were a concern not that long ago, is following the latter pattern. Not only are sales slowing, but inventories are growing, and appreciation appears to be gradually decelerating. The NAR said the median price of a single-family home sold in the fourth quarter of 2018 was $257,600, a 4.0 percent increase from the median of $247,800 a year earlier. The year-over-year gain in the fourth quarter of 2017 was 5.3 percent. Home prices increased on an annual basis in 163 of the 178 metropolitan statistical areas

February 12, 2019 Download our Mobile App: Download our Mobile App: Housing News NAR: Home Price Gains at a "Healthier" Pace An asset bubble can burst, or it can develop a slow leak, and float more or less gradually back to normal levels. The National Association of Realtors'® (NAR's) quarterly report on existing homes and metro home sales seems to indicate that the ho... (read more) Rob Chrisman Broker Products; Upcoming Mortgage Events; Conforming/Conventional Changes From Twitter: “When self-driving cars become mainstream, dead old people will occasionally just arrive places.” Morbid humor aside, will it really help traffic when cars are programmed to take laps around city blocks rather than look, and... (read more) Housing News Delinquencies and Foreclosures at 10-Year Lows According to CoreLogic, loan performance continues to improve on a national basis, with delinquencies dropping more than 1 percentage point over the 12 months ended in November 2018. Frank Nothaft, CoreLogic's Chief Economist, said the decline was dr... (read more) MBS Commentary MBS Live Day Ahead: Bonds Gearing Up For a Big Move In the shorter-term, there's nothing too interesting about the past few weeks of trading.  Relative to the highs and lows set in the first 3 weeks of the year, the subsequent range has been well-contained.  Over the past 2 weeks, it's been ... (read more) Mortgage Rate Watch How The Shutdown Is Affecting Mortgage Rates Mortgage rates were roughly unchanged yet again today, although the average lender was charging microscopically higher fees compared to yesterday. The key ingredient in today's market movement (which ultimately translates to mortgage rate movement) w... (read more) MBS Commentary MBS Live Recap: Potential Warning About The Range I have to stretch to make a day like today interesting.  As I'm fond of doing, I could easily label this one of those unofficial 3-day weekend type of Mondays.  That description still works as 10yr yields were only 2bps higher and Fannie 4.... (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 10:36PM EST 10 Year US Treasury 4.4606 +0.0218 Price / Yield Change US Treasury 2 YR Treasury 4.353 +0.003 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 10:36PM EST Latest Video Rates are very low historically, says markets pro Bob Shiller weighs in on market valuations & the state of the global econom... Shutdown fears don't matter longer term for markets, says strategist Around the Web NAR - Realtor.com Progressive Lawmakers Take Aim at Landlords With Rent Control, Tax Proposals Reuters Red flags emerge as Americans' debt load hits another record Calculated Risk Blog NY Fed Q4 Report: "Total Household Debt Rises as 2018 Marks the Ninth Year of Annual Growth in New Auto Loans" NPR Trump Says He's Not 'Happy' With Budget Deal, But Thinks Shutdown Unlikely Reuters Fed's Powell says U.S. recession risk not elevated Reuters U.S. small business confidence falls to more than two-year low Bloomberg Best U.S. Job Numbers Ever? Not If You're Out of Work for a Year NAHB Eye on Housing Characteristics of Recent Home Buyers Calculated Risk Blog Small Business Optimism Index decreased in January NAR - Realtor.com Cold Front Moves In on the Hottest Real Estate Markets for January 2019 Reuters U.S. lawmakers cautiously optimistic on tentative deal to avoid shutdown CNBC This start-up is bringing fast home equity loans to your smartphone bank app Reuters Former Fed Chair Paul Volcker takes Trump to task on taxes, trade

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