Home prices in February rose at their fastest pace since last June, up 0.8 percent on a month-over-month basis. Black Knight Financial Services said its national-level Home Price Index (HPI) hit $268,000 during the month, a new post-crisis peak. Prices are now up 5.7 percent compared to March 2016 and have risen 1.0 percent since the first of this year. Washington State had the largest monthly gain, up 2.2 percent. Colorado and Oregon followed with 1.6 percent and 1.5 percent growth respectively. Prices did not fall in even the worst performing of the states: West Virginia and Connecticut, were unchanged from January. They were followed by Rhode Island and Ohio with, each with 0.1 percent gains. For the third month in a row Tuscaloosa was the poorest performing metropolitan area. Prices there

April 24, 2017 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 Apr 24, 2017 Mortgage Rates End Week Roughly Unchanged Fri, Apr 21, 2017 4:28PM Mortgage rates were sideways to slightly higher this week as global financial markets braced for volatility surrounding this weekend's French election. While it may seem like a world away from the domestic mortgage market, events that potentially impact the stability of the European Union have a strong track record of filtering through to movement in domestic bond markets. And bond markets are the primary driver of day-to-day movement in mortgage rates. In addition to preparations for the weekend's events, traders also reacted to today's headlines concerning tax reform . Just before 2pm, the A... (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 5.5 101.22 -0.06   97.47 101.61 UMBS 30YR 6.0 102.47 -0.07   99.66 102.50 10 YR Treasury 4.065 +0.026   3.621 4.780 MBS Live Week Ahead: At Risk of Reentering Old Range, But Not Without a Fight Mon, Apr 24, 2017 9:09AM For bond markets, most of 2017 has been dominated by the "post-election range" (or "the 2017 range," if you prefer) consisting of 10yr yields between roughly 2.3 and 2.6%.  Fiscal policy roadblocks in late March and geopolitical concerns in Ap... (read more) MBS Live Recap: Trump Tax Talk Tanks Treasuries (and MBS) Fri, Apr 21, 2017 5:23PM Today was shaping up to be very slow and boring, with bond markets making some inconsequential gains as traders shed risk ahead of this weekend's French election.   How did France get important?  In a nutshell, one of the candidates (Marine Le Pen) is billed as a populist who wants France to divorce the EU, or at least to work out some sort of se... (read more) MBS Price Change UMBS 5.0 99.70 -0.08 UMBS 5.5 101.24 -0.04 UMBS 6.0 102.48 -0.06 GNMA 5.0 100.02 -0.05 GNMA 5.5 101.19 +0.00 GNMA 6.0 102.13 -0.05 Pricing as of: 9/9 6:59AM EST US Treasury Yield Change 2 YR Treasury 3.499 +0.011 5 YR Treasury 3.576 +0.014 7 YR Treasury 3.784 +0.016 10 YR Treasury 4.060 +0.021 30 YR Treasury 4.718 +0.028 Pricing as of: 9/9 6:59AM EST Other News Home Prices Hit Post Crisis Peak -Black Knight Mon, Apr 24, 2017 10:51AM Home prices in February rose at their fastest pace since last June, up 0.8 percent on a month-over-month basis. Black Knight Financial Services said its national-level Home Price Index (HPI) hit $268,000 during the month, a new post-crisis peak. Prices are now up 5.7 percent compared to March 2016 and have risen 1.0 percent since the first of this year. Wash... (read more) The Unexpected Link Between Tax Season and Refinancing Mon, Apr 24, 2017 10:04AM Americans could be approaching new levels when it comes to mortgage loan performance. Black Knight Financial Services says, in its "first look" at March data, that mortgage delinquencies during the month were not only at the lowest point they have reached since March 2006, but are the fourth lowest of the current century. The share of loans that were 30 or m... (read more) CFPB and CHOICE Act; Non-Prime Security Update; French Elections Move U.S. Rates Mon, Apr 24, 2017 9:55AM Nature always bats last. Just ask singer Paul Simon who is moving his New York cottage away from the eroding ocean. Thinking about things like "oceans" and "cottages" reminds me...The National Association of Realtors reports sales of vacation homes dropped 22% last year to the lowest level in 3 years: higher prices and a shift in consumer behavior toward ren... (read more) Latest Video El-Erian: Not all uncertainty in France has been lifted Fmr. ECB president: This is an earthquake in French politics Not in favor of getting rid of Dodd-Frank: Washington Federal CEO Around the Web CNBC Trump reportedly still wants a 15% corporate tax rate, even if it falls short on revenue Bloomberg Suddenly Everything's Looking Good in the Euro Area CNBC Spring housing season is the 'strongest seller's market ever' Calculated Risk Blog Chicago Fed "Slower Economic Growth in March" CNBC Trump suddenly finds himself needing the Fed Redfin Movement Out of California Was the Most Influential Driver of U.S. Migration Patterns in Early 2017 Calculated Risk Blog Black Knight: House Price Index up 0.8% in February, Up 5.7% year-over-year Bloomberg Treasuries Slide Across Curve as French Vote Damps Safety Demand CNBC Euro pops to 5-month high vs dollar on French election relief Bloomberg Risk Is Back On After French Election; Euro Jumps: Markets Wrap CNBC France's Macron heads for runoff with Le Pen in May CNBC Government shutdown would create mortgage roadblocks CNBC Trump says he will release tax reform package next week, says it will be bigger than 'any tax cut ever'

© 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.