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For the sixth consecutive month , the CoreLogic Home Price Index (HPI) increased on an annual basis by a greater degree than it had in the previous month. The HPI for November 2016 indicates that there was a 7.1 percent appreciation in home prices nationally when compared to November 2015. The year-over-year increase in reported by CoreLogic for January 2016 was 6.9 percent. It then ticked down steadily until June and an annual gain of 5.7 percent. Since then the increases have accelerated with the change from October to November the largest to date at 0.04 percentage point. On a month-over-month basis the gain from October to November was 1.1 percent . This is the same increase that has been posted in each of the last six months. Annual appreciation was highest again in Oregon, Washington
Housing News
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For the sixth consecutive month , the CoreLogic Home Price Index (HPI) increased on an annual basis by a greater degree than it had in the previous month. The HPI for November 2016 indicates that there was a 7.1 percent appreciation in home prices na... (read more)
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Housing News
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Perhaps construction spending is finally emerging from the doldrums where it has lingered for months. For the second month in a row the Census Bureau reports an uptick in total spending and in its publicly and privately funded components. Total const... (read more)
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Rob Chrisman
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(Yes, a paragraph of pure fluff to start the year.) Does anyone handwrite checks anymore? Always a struggle to remember “2017” instead of “2016.” And here’s a story about twins being born in separate years . With the cha... (read more)
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MBS Commentary
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NOTE: This paragraph will be at the top of the Day Ahead for a few weeks. Once you've read it, feel free to skip it. The Day Ahead has long been my venue to offer deep thoughts with a mix of big-picture and near-term technical considerati... (read more)
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Mortgage Rate Watch
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Mortgage rates moved lower for a 3rd consecutive day to end 2016, bringing them to the lowest levels in more than 3 weeks for many lenders. December 8th was the last time rates were lower. As of yesterday, 4.25% regained the status of the "most preva... (read more)
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Rob Chrisman
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Overheard: “I have a feeling that my ‘check liver’ light may come on this weekend.” I guess drinking helps some people forget, and it’s been a rough week for celebrity deaths with George Michael, Carrie Fisher, Debbie Re... (read more)
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freddiemac.mwnewsroom.com
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