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Home price growth accelerated further in October according to CoreLogic. The company's Home Price Index (HPI) increased 6.7 percent from the prior October while the year-over-year gain in September was only 6.3 percent. The CoreLogic index includes both market and distressed sales. On a month-over-month basis, home prices were up 1.1 percent . This is the same rate of increase that CoreLogic has reported for every month since June. The company's chief economist Frank Nothaft said the nation's price growth rate was not shared by all. "While national home prices increased 6.7 percent, only nine states had home price growth at the same rate of growth or higher than the national average," he said. "The largest states, such as Texas, Florida and California, are experiencing high rates of home price
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Housing News
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Home price growth accelerated further in October according to CoreLogic. The company's Home Price Index (HPI) increased 6.7 percent from the prior October while the year-over-year gain in September was only 6.3 percent. The CoreLogic index includes b... (read more) |
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Rob Chrisman
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Many years ago, it was a joke in Britain to say that, “the War Office was always preparing for the last war.” To their credit, regulators now often try to consider the future, rightly or wrongly. Last week the Comptroller of the Currency&... (read more) |
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MBS Commentary
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I generally don't l ike the terms "oversold" (consistent weakness) and "overbought" (consistent strength). I think they lead to false confidence in some particular outcome. For instance, there's a tendency to think something must ral... (read more) |
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Mortgage Rate Watch
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Mortgage rates were slightly higher today relative to last Friday's levels, leaving them near the 2-year highs seen last Thursday. Volatility continues to run much higher than normal, with lots of intraday reprices (lenders changing rates in the midd... (read more) |
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Housing News
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As everyone knows, interest rates shot up immediately in the wake of the November 8 presidential elections, triggered by a sell-off in Treasury bonds. Now Black Knight says, in its current Mortgage Monitor, that the jump eliminated 50 percent of cand... (read more) |
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MBS Commentary
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After today, we're left with a clearer picture of the prevailing short-term range in bond markets. The volatile reaction to the weekend's Italian referendum, among other things, drove the intraday extremes that helped define the pattern. ... (read more) |
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