Black Knight's Mortgage Monitor for November notes that the equation for tapping the growing pool of homeowner equity could shift because of the new rules governing the mortgage interest deduction (MID) in the newly passed tax law. That equity continues to grow as home prices rise, with Black Knight's Home Price Index posting another increase , 0.29 percent increase in November, the strongest appreciation for any November since 2005, and an annual increase of 6.48 percent, the largest since early 2014. Black Knight's reported gain, incidentally, was the smallest of the four reported by indexes tracked by MortgageNewsDaily. The other three posted monthly gains for November ranging from 0.5 to 2.0 percent. Black Knight said the growth rate in its annual index increased by more than 30 basis points

January 8, 2018 Download our Mobile App: Download our Mobile App: Housing News Black Knight: Tax Law Could Impact HELOC Borrowing Black Knight's Mortgage Monitor for November notes that the equation for tapping the growing pool of homeowner equity could shift because of the new rules governing the mortgage interest deduction (MID) in the newly passed tax law. That equity contin... (read more) Housing News Tax Cut Uncertainty Dampened Consumer Attitudes in December Americans continued to have ambivalent views about the current virtues of both home buying and home selling in December. Consumers, responding to Fannie Mae's monthly National Housing Survey (NHS), expressed declining confidence in whether it is a go... (read more) MBS Commentary MBS Live Day Ahead: Still Waiting for a Break of the Holiday Consolidation Not to be confused with the consolidative trend seen in Q4, 2017, there's been a slightly more negative consolidation underway in the last few weeks.  If it's not adequately implied by the verbiage, a consolidation refers to prices or yields get... (read more) Rob Chrisman This Week in Training and Events; Vendor, Lender, and Bank Updates The first five days after the weekend are the hardest. Welcome to Day 1. Events, Training, and Webinars This Week Register for Plaza’s January 8th webinar: The Fundamentals of Mortgage Process - Session 1: Understanding the Mortgage and How Mor... (read more) MBS Commentary MBS Live Recap: Some Reaction to NFP, But Just as Much to Harker and the Curve Harker and the curve...  It's not  a song or a morning radio show. It's a reference to the Fed's Patrick Harker commenting on the yield curve today as well as the possibility of slowing down rate hikes in order to keep arrows in the qui... (read more) Mortgage Rate Watch Mortgage Rates Back Near Recent Highs Mortgage rates rose today, largely due to bond market movement from the end of last week that never made it onto last week's rate sheets. Specifically, the bond markets that underlie mortgage rate movement had a fairly bad day last Friday, but not un... (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 98.86 -0.07 UMBS 6.0 100.51 -0.05 GNMA 5.5 99.49 -0.08 GNMA 6.0 100.65 -0.07 Pricing as of: 11/14 9:29PM EST 10 Year US Treasury 4.4473 +0.0085 Price / Yield Change US Treasury 2 YR Treasury 4.357 +0.007 5 YR Treasury 4.339 +0.013 7 YR Treasury 4.397 +0.010 10 YR Treasury 4.450 +0.011 30 YR Treasury 4.597 +0.014 Pricing as of: 11/14 9:29PM EST Latest Video Home equity hits record high Santelli Exchange: US 10-Year break-even breaks out The construction industry's biggest challenge is finding skilled labor: ABC... Around the Web NPR Lawmakers Trying To Reach Deal For Government Funding CNBC Trump close to decision on Fed vice chair pick, administration official says NPR White House Promises Infrastructure Bill, But With No Clear Deadline Calculated Risk Blog Black Knight Mortgage Monitor: New Tax Law Could Impact Home Equity Borrowing consumerfinancemonitor.com Former House Financial Services Committee staffer to serve as CFPB chief of staff CNBC Hurricanes, wildfires cost US more than $300 billion in 2017, shattering records CNBC Fed's Bostic says three rate hikes in 2018 may be too much Calculated Risk Blog Prime Working-Age Population nears 2007 Peak Bloomberg Treasury Asked Congress to Raise Debt Limit by Feb. 28, Sources Say Market Watch Treasury Yields Dip Ahead of Fed Speeches bkfs.com Black Knight Signs Agreement with Citi to Implement Black Knight LoanSphere Origination Solutions, Including the Empower LOS Calculated Risk Blog Update: Framing Lumber Prices Up Sharply Year-over-year Bloomberg Fed's Monetary Policy Cornerstone Attacked at Economists' Gathering

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