The number of homes flipped by investors grew by 3.5 percent in the second quarter of the year. It was the first increase in more than a year. ATTOM says its second quarter U.S. Home Flipping Report shows that 79,733 single-family homes and condominiums in the United States were flipped during that period. Those transactions represented 4.9 percent of all home sales, or one in 20 transactions compared to one in every 29 sales in the first quarter. Flips were down 6.8 percent from one in 15 transactions in the second quarter of 2020. The recent number was lower than the flipping rate through most of the last decade. ATTOM defines a flip as an arms-length transaction involving a single-family home or condo that occurred within 12 months of a previous arms-length transaction on the same property

September 21, 2021 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.22% +0.09%   6.11% 7.26% 15 Yr. Fixed 5.75% +0.04%   5.54% 6.59% 30 Yr. Jumbo 6.14% -0.01%   6.14% 7.45% Compare Mortgage Rates from Local Lenders for Sep 21, 2021 Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.22% +0.09 0.00 15 Yr. Fixed 5.75% +0.04 0.00 30 Yr. FHA 5.95% +0.04 0.00 30 Yr. Jumbo 6.14% -0.01 0.00 7/6 SOFR ARM 5.65% 0.00 0.00 30 Yr. VA 5.98% +0.06 0.00 Updates Daily - Last Update: 9/17 Freddie Mac Rate Change Points 30 Yr. Fixed 6.35% -0.15 0.00 15 Yr. Fixed 5.50% -0.10 0.00 Updates Weekly - Last Update: 9/11 Mortgage Bankers Assoc. 30 Yr. Fixed 6.49% -0.15 0.56 15 Yr. Fixed 5.70% -0.14 0.55 30 Yr. Jumbo 6.44% -0.14 0.48 Updates Weekly - Last Update: 9/10 UMBS 30YR 5.0 99.68 -0.28   95.05 100.50 UMBS 30YR 5.5 101.09 -0.14   97.47 101.61 10 YR Treasury 4.077 +0.046   3.643 4.780 MBS Price Change UMBS 4.5 97.69 -0.35 UMBS 5.0 99.66 -0.30 UMBS 5.5 101.09 -0.14 GNMA 4.5 98.05 -0.10 GNMA 5.0 99.97 -0.23 GNMA 5.5 101.01 -0.20 Pricing as of: 9/17 5:24PM EST US Treasury Yield Change 2 YR Treasury 3.552 +0.049 5 YR Treasury 3.647 +0.061 7 YR Treasury 3.832 +0.060 10 YR Treasury 4.078 +0.047 30 YR Treasury 4.674 +0.023 Pricing as of: 9/17 5:24PM EST Other News Flipping Transactions Increase, Profits Do Not Fri, Sep 17, 2021 1:19PM The number of homes flipped by investors grew by 3.5 percent in the second quarter of the year. It was the first increase in more than a year. ATTOM says its second quarter U.S. Home Flipping Report shows that 79,733 single-family homes and condominiums in the United States were flipped during that period. Those transactions represented 4.9 percent of all ho... (read more) Fed Ethics Rules Get High-Powered Review Fri, Sep 17, 2021 11:21AM Another powerful group of federal officials are in the hotseat after details of their personal finances were revealed. While there are no accusations of wrong-doing (unlike the case of several senators who faced ethics reviews in 2020), the financial disclosures of several Fed presidents have prompted a bank-wide smell test. As Thomas Franck reported for CNB... (read more) Sales, MLO Jobs; Education, Tax, Sales, Pre-Qual, Licensing Products; Lender Stock Prices; Events; Forbearance Improvement Tue, Sep 21, 2021 10:41AM A sign in the window reads CURED MEATS. Inside, a salami takes his first steps since the accident. A prosciutto learns to forgive. There are all kind of things going on! First, a healthy, active secondary market helps rates in the primary markets. Fannie Mae announced its intention to enter into new credit risk transfer ( CRT ) transactions in the fourth qua... (read more) Latest Video Could the Fed announce a taper this week? The 9am Bond Report - September 21, 2021 Housing starts up 3.9% vs. 1.0% estimate Former Dallas Fed president on what to expect from Fed meeting Around the Web CNBC The Fed will try to soothe markets Wednesday, while preparing investors for end to bond buying Calculated Risk Blog Prime Age Participation Rate CNBC The Fed likely will wait until November for taper announcement, CNBC survey indicates Calculated Risk Blog Comments on August Housing Starts Reuters U.S. House to vote Tuesday to fund gov't through Dec. 3, raise debt limit Reuters China Evergrande's rising default risks shift focus to possible Beijing rescue Calculated Risk Blog Housing Starts increased to 1.615 Million Annual Rate in August CNBC U.S. Treasury yields bounce slightly after Monday's big sell-off in equities Reuters U.S. Democrats set showdown with Republicans on federal debt limit CNBC Banks consider climate risk for home loans, a process called 'underwaterwriting' or 'blue-lining' Reuters China Evergrande contagion concerns rile global markets Reuters Wall St drops 2% on growth worries; focus turns to Fed? Calculated Risk Blog Housing Inventory Sept 20th Update: Inventory Up 1.2% Week-over-week, Up 42% from Low in early April

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