CoreLogic said on Tuesday that home prices rose in October by 0.9 percent compared to September and were 7.0 percent higher than 12 months earlier. These increases are identical to those registered on the company's Home Price Index (HPI) for September. October was the fourth straight month that the HPI had increased by 0.9 percent. Monthly increases have averaged 1.08 percent over the first 10 months of 2017. The annual change for the year-to-date has averaged 6.87 percent. "Single-family residential sales and prices continued to heat up in October," said Dr. Frank Nothaft, chief economist for CoreLogic. "On a year-over-year basis, home prices grew in excess of 6 percent for four consecutive months ending in October, the longest such streak since June 2014. This escalation in home prices reflects

December 5, 2017 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.27% -0.04%   6.13% 7.26% 15 Yr. Fixed 5.82% -0.01%   5.6% 6.59% 30 Yr. Jumbo 6.20% -0.02%   6.14% 7.45% Compare Mortgage Rates from Local Lenders for Dec 5, 2017 Mortgage Rates Steady to Higher, Depending on Lender Mon, Dec 4, 2017 4:17PM Mortgage rates were distinctly mixed today, with some lenders clearly moving higher while others were effectively unchanged. The deciding factor is both simple and obvious. It has to do with Friday's wild action in the bond market (following the Flynn/Russia news in the morning). That market movement resulted in a handful of lenders reissuing lower rates on Friday afternoon. Those lenders had to move rates back up today because underlying bond markets weren't able to maintain the improvements that resulted in the better rate sheets. Lenders who didn't adjust rates on Friday ended up being in f... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.27% -0.04 0.00 15 Yr. Fixed 5.82% -0.01 0.00 30 Yr. FHA 6.00% -0.03 0.00 30 Yr. Jumbo 6.20% -0.02 0.00 7/6 SOFR ARM 5.71% -0.01 0.00 30 Yr. VA 6.02% -0.03 0.00 Updates Daily - Last Update: 10/15 Freddie Mac Rate Change Points 30 Yr. Fixed 6.30% -0.04 0.00 15 Yr. Fixed 5.53% -0.02 0.00 Updates Weekly - Last Update: 10/9 Mortgage Bankers Assoc. 30 Yr. Fixed 6.43% -0.03 0.60 15 Yr. Fixed 5.77% +0.01 0.79 30 Yr. Jumbo 6.60% +0.06 0.44 Updates Weekly - Last Update: 10/8 UMBS 30YR 5.0 99.71 +0.04   95.05 99.96 UMBS 30YR 5.5 101.09 +0.01   97.47 101.28 10 YR Treasury 4.031 +0.002   3.932 4.780 MBS Live Day Ahead: For Bonds, Year-End is Looking Like One Big November Tue, Dec 5, 2017 9:20AM A sideways range with higher lows and lower highs... The risk of p eriodic volatility regardless of economic data's suggestion... A certain portion of traders making certain trades simply because they have to hold certain positions through... (read more) MBS Live Recap: Bonds Push Back After Weaker Start on Tax Bill Passage Mon, Dec 4, 2017 5:01PM Friday evening brought the passage of the Senate's version of the tax bill.  It now moves to a joint session for "reconciliation" (Senate+House trying to craft a final bill before Christmas).  As noted in the Day Ahead, unless lawmakers opt to cut their vacations short (which is very uncommon, but technically possible), "by Christmas" means "withi... (read more) MBS Price Change UMBS 4.5 97.73 +0.04 UMBS 5.0 99.71 +0.04 UMBS 5.5 101.09 +0.01 GNMA 4.5 97.74 +0.04 GNMA 5.0 99.96 +0.13 GNMA 5.5 101.00 +0.10 Pricing as of: 10/15 8:59PM EST US Treasury Yield Change 2 YR Treasury 3.497 +0.014 5 YR Treasury 3.618 +0.014 7 YR Treasury 3.804 +0.006 10 YR Treasury 4.031 +0.002 30 YR Treasury 4.628 -0.002 Pricing as of: 10/15 8:59PM EST Other News Entry-Level Homes Driving Price Appreciation Tue, Dec 5, 2017 10:58AM CoreLogic said on Tuesday that home prices rose in October by 0.9 percent compared to September and were 7.0 percent higher than 12 months earlier. These increases are identical to those registered on the company's Home Price Index (HPI) for September. October was the fourth straight month that the HPI had increased by 0.9 percent. Monthly increases have ave... (read more) Tax Bill Housing Impact Worse than You Thought (Maybe) Mon, Dec 4, 2017 9:51AM Black Knight, (which has just rebranded itself, dropping "Financial Services from its name), has released an especially meaty Mortgage Monitor for December. Of particular interest following the weekend in which the Senate passed its tax reduction bill on a totally partisan basis, is Black Knight's assessment of the potential impact of the House and the Senat... (read more) Freddie and Fannie Changes from Agencies, Investors, and Lenders Tue, Dec 5, 2017 9:19AM It’s good to keep things in perspective, and here’s some Tuesday trivia. Today, 2 billion adults around the world remain without a bank account, including my ne’er-do-well cousin. But 62% of the world's adult population has an account; up from 51% in 2011. Three years ago, 2.5 billion adults were unbanked . Obviously, the need to have a hig... (read more) Latest Video Protests erupt on Capitol Hill over tax bill Senate Banking Committee marking up bill to ease bank regulations Trump meets with GOP senators at the White House to talk taxes, trade Around the Web CNBC Trump says GOP tax plan is becoming 'more popular.' It is still deeply unpopular, polls say NAR - Realtor.com The Most Overvalued Housing Markets Aren't the Ones You'd Expect NAR - Realtor.com Cutting Principal Didn't Help Struggling Home Ownersbut Here's What Did wsj.com Want That House? You'd Better Pay in Cash CNBC Blackstone's Schwarzman on tax reform: 'This is a whopper' Freddie Mac Freddie Mac December Insight Calculated Risk Blog Trade Deficit at $48.7 Billion in October CNBC Key Senate panel recommends Jerome Powell for Federal Reserve chair CNBC ISM non-manufacturing index hits 57.4 in November, vs. 59 estimate Gallup Confidence in the U.S. Economy Remains Relatively Strong Bloomberg Bonds Are Telling US Stock Bulls to Temper Their Enthusiasm CNBC US trade deficit rises to 9-month high in October CNBC Final GOP tax bill will likely scrap Obamacare individual mandate, top House tax writer Brady says

© 2025  Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: [recipientemail]. Go here to UNSUBSCRIBE from this email.