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The third major home price index released January data released on Monday and it became the third to post a deceleration in the rate of price appreciation. Black Knight Financial Services said that prices in January increased from January 2016 by 5.4 percent. Year-over-year increases had averaged of 5.75 percent over the fourth quarter of 2016. From December to January the Black Night Home Price Index (HPI) was up 0.1 percent, the same increase as from November to December, however in each of the previous two months the increase was 0.2 percent and monthly increases averaged 0.52 percent for all of 2016. The January HPI was $266,000 . This was only 0.3 percent below the peak price level reached nationally in June 2006 and is 33.6 percent above the 2012 price trough New York State again led
Housing News
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The third major home price index released January data released on Monday and it became the third to post a deceleration in the rate of price appreciation. Black Knight Financial Services said that prices in January increased from January 2016 by 5.4... (read more)
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Rob Chrisman
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This week involves a fair amount of cross-country travel for me (California, Washington DC, Florida, and Utah), and as it turns out Wells Fargo is the first major US bank to roll out card-less ATMs across the country, allowing customers to withdraw m... (read more)
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MBS Commentary
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The biggest questions for Monday comes from financial markets and is directed towards politicians in Washington. Are we done obsessing over the healthcare vote? Was that a true "postponement," or are you simply moving on? If the hea... (read more)
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Mortgage Rate Watch
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While some lenders were slightly better or worse versus yesterday, mortgage rates were unchanged on average today. This isn't much of surprise considering yesterday's much-anticipated healthcare vote never happened. It's rumored to occur this afterno... (read more)
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MBS Commentary
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More than a few bond bulls out there (those are folks who want rates to go lower!) were eager for the vote to take place on the healthcare bill that drew most of the market's attention this week. They figured one of two things would happen. &... (read more)
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Housing News
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The share of homes sold for cash fell to the lowest level in nearly a decade in full-year 2016. CoreLogic said that 32.1 percent of all home sales in the 12-month period ending in December closed without benefit of a mortgage. This was a decrease of ... (read more)
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