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

December 6, 2016 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.28% -0.01%   6.11% 7.26% 15 Yr. Fixed 5.65% +0.05%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Dec 6, 2016 Mortgage Rates Begin Week Higher Mon, Dec 5, 2016 3:34PM 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 middle of the business day) over the past 2 weeks, and generally big changes from day to day. Bond markets (which underlie mortgage rate movement) began the day in much weaker territory, but managed to make some huge improvements heading into the afternoon. As such, most lenders were quoting higher rates this morning before repricing to slightly lower ... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.28% -0.01 0.00 15 Yr. Fixed 5.65% +0.05 0.00 30 Yr. FHA 5.94% -0.01 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.62% +0.03 0.00 30 Yr. VA 5.95% -0.02 0.00 Updates Daily - Last Update: 9/8 Freddie Mac Rate Change Points 30 Yr. Fixed 6.50% -0.06 0.00 15 Yr. Fixed 5.60% -0.09 0.00 Updates Weekly - Last Update: 9/4 Mortgage Bankers Assoc. 30 Yr. Fixed 6.64% -0.05 0.59 15 Yr. Fixed 5.84% -0.19 0.84 30 Yr. Jumbo 6.58% -0.09 0.39 Updates Weekly - Last Update: 9/3 UMBS 30YR 5.5 101.26 -0.02   97.47 101.61 UMBS 30YR 6.0 102.50 -0.04   99.66 102.50 10 YR Treasury 4.046 +0.007   3.621 4.780 MBS Live Day Ahead: Bonds "Technically Ready" For Good News Any Day Now Tue, Dec 6, 2016 8:47AM 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) MBS Live Recap: Mid-Day Rally Reinforces Narrowing Range Mon, Dec 5, 2016 5:29PM 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) MBS Price Change UMBS 5.0 99.75 -0.03 UMBS 5.5 101.26 -0.02 UMBS 6.0 102.51 -0.03 GNMA 5.0 100.06 -0.02 GNMA 5.5 101.21 +0.02 GNMA 6.0 102.15 -0.03 Pricing as of: 9/9 12:39AM EST US Treasury Yield Change 2 YR Treasury 3.494 +0.007 5 YR Treasury 3.567 +0.006 7 YR Treasury 3.772 +0.004 10 YR Treasury 4.046 +0.006 30 YR Treasury 4.692 +0.002 Pricing as of: 9/9 12:39AM EST Other News "Potent Cocktail" Fueling Home Prices -CoreLogic Tue, Dec 6, 2016 10:30AM 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 sa... (read more) Refi Pool Shrinks by 4 Million Mon, Dec 5, 2016 12:05PM 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 candidates from the refinanceable population that existed before the election and has also pushed home affordabili... (read more) Vendor News Including eClosing; Pending Home Sales Primer; FHA/VA Changes Tue, Dec 6, 2016 9:27AM 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’s Thomas Curry confirmed that the OCC will begin considering applications from Fintech companies to beco... 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