The CoreLogic Home Price Index puts the annual rate of appreciation nationally at 4.7 percent in December and the gain from November 2018 to December at 0.1 percent. All states but Louisiana and North Dakota had price increases over the 12 months ended in December 2018. The highest rates were in Idaho at 11.7 percent, Nevada at 10.8 percent, and Utah, 8.7 percent. Frank Nothaft, CoreLogic's Chief Economist noted that price increases have been moderating. "Higher mortgage rates slowed home sales and price growth during the second half of 2018. Annual price growth peaked in March and averaged 6.4 percent during the first six months of the year. In the second half of 2018, growth moderated to 5.2 percent. For 2019, we are forecasting an average annual price growth of 3.4 percent." The CoreLogic

February 5, 2019 Download our Mobile App: Download our Mobile App: Housing News Moderating Home Prices May Turn the Tide for Would-be Buyers The CoreLogic Home Price Index puts the annual rate of appreciation nationally at 4.7 percent in December and the gain from November 2018 to December at 0.1 percent. All states but Louisiana and North Dakota had price increases over the 12 months end... (read more) MBS Commentary MBS Live Day Ahead: Which Side of the Market is Lying? This is a concept we've revisited a few times over the years and it goes something like this: A strengthening economy implies rising earnings/profits among companies and therefore, higher stock prices.  The same strengthening also supports hi... (read more) Rob Chrisman LO Products, Digital White Paper; Training Events Across the Country and at Home The other day I was on a Southwest flight and I noticed someone on the aisle seat crumple up a couple of unused tissues and put them on the empty middle seat so that no one would want to sit there. What’s up with that? For something that won&rs... (read more) Mortgage Rate Watch Mortgage Rates Quickly Retreating After Hitting Long-Term Lows Mortgage rates continued moving higher today as Fridays unfortunate series of events seems to have motivated a big bounce. What events are those? Namely, we're talking about several important economic reports including the big jobs report and the mos... (read more) Housing News Lower Rates and Slower Price Gains to Help Affordability in 2019 Although they covered the topic in last month's Mortgage Monitor , further declines in interest rates have prompted Black Knight to take another look at the impact on the refinance pool. The previous edition reported that the 30-basis point drop in t... (read more) MBS Commentary MBS Live Recap: Bond Market Not a Fan of Mondays--At Least Not This One Chinese markets were closed overnight for New Year.  This slowed trade somewhat.  Coupled with a lack of significant economic data this morning, it also put more emphasis on the events from the previous trading day.  In this ... (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 98.86 -0.07 Price / Yield Change MBS UMBS 5.5 98.83 -0.09 UMBS 6.0 100.49 -0.07 GNMA 5.5 99.46 -0.10 GNMA 6.0 100.64 -0.07 Pricing as of: 11/15 12:56AM EST 10 Year US Treasury 4.4577 +0.0189 Price / Yield Change US Treasury 2 YR Treasury 4.352 +0.002 5 YR Treasury 4.342 +0.016 7 YR Treasury 4.405 +0.017 10 YR Treasury 4.463 +0.024 30 YR Treasury 4.615 +0.032 Pricing as of: 11/15 12:56AM EST Latest Video Fed shouldn't hike rates until outlook is clear: Dallas Fed president January ISM non-manufacturing data falls short of expectations Why Allianz's Mohamed El-Erian gives Fed Chair Powell an 'A' Around the Web Calculated Risk Blog Update: The Endless Parade of Recession Calls NAR - Realtor.com Luxury House Flipping Is on the Rise, but Still Lower Than Before the Recession CNBC The state of housing demand is suddenly good again but it could be temporary Bloomberg Lifeless Treasury Market Needs a Jolt From Pile of Parked Cash Calculated Risk Blog ISM Non-Manufacturing Index decreased to 56.7% in January NAHB Eye on Housing Share of Buyers Expecting an Easier House Search Drops from 27% to 19% in a Year CNBC The Fed's next rate move is more likely a cut than a hike: Economist Mohamed El-Erian Calculated Risk Blog CoreLogic: House Prices up 4.7% Year-over-year in December Reuters Exclusive: Fed could raise rates as much as twice this year - BlackRock's Rieder Bloomberg Stop Worrying About the Fed's Balance Sheet consumerfinancemonitor.com CFPB Publishes Informal Guidance on the TRID Rule Redfin Homes Staying on the Market for a Month Longer Than Last Year in San Jose, Portland, and Seattle NAR - Realtor.com The Average Adjustable-Rate Mortgage Is Nearly $700,000. Here's What That Tells Us.

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