Jan 15, 2013 10:29AM

Annual Home Price Increase is Largest Since 2006

Home prices increased on a year-over-year basis for the ninth consecutive month according to the CoreLogic Home Price Index (HPI) released today. The November HPI was up 7.4 percent from its November 2011 level and represented the largest jump in the index in nearly seven years. On a month-over-month basis the HPI, which includes sales of distressed properties, was up 0.3 percent. CoreLogic said the all but six states are experiencing year-over-year price gains. When short sales and sales of foreclosed...

Jan 15, 2013 4:47PM

Despite Economic Uncertainties, "Housing Market is Healing"

Freddie Mac's monthly economic outlook commentary for January looks principally at consumer attitudes which it says have remained "fairly resilient despite the 'fiscal cliff' drama that has played out." Still that confidence remains historically low three-and-a-half years into the economic recovery, but it is up from its Great Recession low on the Conference Board's consumer confidence index. The Outlook says, "As consumer attitudes on the economic outlook improve, more potential homebuyers will...


Micro News

4:02 PM:

Reprices More Likely As MBS Press Into New Lows

2:56 PM:

Beware The Afternoon Head-Fake! Reprice Risk Lingers

12:42 PM:

Risk-On Moves Continue, Reprice Risk Slightly More Developed

12:03 PM:

MBS Hit Lows On "Risk On" Pressure. Bouncing/Holding For Now

9:44 AM:

Bond Markets Ratchet To Best Levels Of The Year

9:00 AM:

ECON: Producer Prices Lower Than Expected, Core PPI On Target

8:55 AM:

ECON: Empire State Survey In Negative Territory For 6th Straight Month

8:47 AM:

ECON: Retail Sales Slightly Higher Than Expected

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Today's Comments

Rene Torres

"The HVCC expired November 2010. Lenders and Banks do not have to use AMCs. Added appraisal requirements are placed there by regulatory agencies. The appraisers..."

memailbox

"Matt, "The" best explanation for the candlestick graph I have seen, and, great commentary as usual. The pundits say the economy is back. All..."

Bryan/Mortgage Finance Group, Inc.

"What an absolute travesty; when you let the govt. infiltrate and run an entire industry (health, mortgage, etc.) you lose a little (or a lot) of your freedom..."

Today's Q&A

"Problems with my mortgage contract"

"Is it better to get PMI or equity line of credit"

"Is there any recourse if your lock rate expire."