CoreLogic says house price increases picked up the pace again in February. After the rate of appreciation dipped from 7.2 percent for the 12 months ended in December, to 6.9 percent annually in January it appeared the long-awaited price deceleration had begun. A similar downturn had been noted in January for indexes maintained by Black Knight Financial Services and the Federal Housing Finance Agency (FHFA) although S&P Case Shiller's index rose for the month. The monthly indices were mixed. CoreLogic's HPI for February, however, shows the rate of appreciation on the rise again. The company puts the January to February change at 1.0 percent, it was 0.7 percent in January, and the increase from February 2016 at 7.0 percent. CoreLogic also provides a forecast for price changes on both a monthly

April 4, 2017 Download our Mobile App: Download our Mobile App: Housing News First Read on Feb Home Prices Surprisingly Strong CoreLogic says house price increases picked up the pace again in February. After the rate of appreciation dipped from 7.2 percent for the 12 months ended in December, to 6.9 percent annually in January it appeared the long-awaited price deceleration ... (read more) Mortgage Rate Watch Mortgage Rates Lowest in More Than a Month Mortgage rates fell fairly quickly today as investors adjusted bond market holdings for the new month (higher demand for bonds coincides with lower rates). Money managers have to hold a certain mix of bonds by the end of any given month and are then ... (read more) Rob Chrisman New Products of Note; Personnel Moves; NAHREP Note; Flagstar to Buy CA's Opes Advisors How much free time do you have? Not much? You’re not alone, as this story points out, "The rich were meant to have the most leisure time. The working poor were meant to have the least. The opposite is happening. Why?" An interesting skim for an... (read more) MBS Commentary MBS Live Day Ahead: A Better Day to Glean Bonds' Underlying Intentions Yesterday's bond market activity suggested that traders definitely had some sort of agenda that went beyond a mere punching of the clock.  Even with China being out on holiday, volumes were very high --especially for a Monday.  Then there ... (read more) MBS Commentary MBS Live Recap: Q2 Begins With Big, Green, Mystery Rally From an analytical standpoint, today's trading session was not well-behaved or easy to assess (I saw several iterations of "no one has any idea what happened today" around analysts' campfires).  Bonds began the day in relatively unchanged terr... (read more) Housing News Residential Construction Spending Up 6.4 Percent Annually Spending on residential buildings fared better than overall construction spending in February. The U.S. Census Bureau said on Monday that expenditures for all construction was at a seasonally adjusted annual rate of $1.19 trillion during the month, a... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.78% +0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.78% +0.01 0.00 15 Yr. Fixed 6.04% +0.01 0.00 30 Yr. FHA 6.36% +0.01 0.00 30 Yr. Jumbo 6.90% 0.00 0.00 7/6 SOFR ARM 6.25% 0.00 0.00 30 Yr. VA 6.38% +0.02 0.00 Updates Daily - Last Update: 7/23 15 Yr. Fixed Rate 6.04% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.75% +0.03 0.00 15 Yr. Fixed 5.92% +0.06 0.00 Updates Weekly - Last Update: 7/17 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.84% +0.02 0.62 15 Yr. Fixed 6.14% +0.03 0.69 30 Yr. Jumbo 6.75% -0.06 0.70 Updates Weekly - Last Update: 7/23 MBS / Treasuries UMBS 30YR 5.5 99.41 -0.10 Price / Yield Change MBS UMBS 5.5 99.34 -0.16 UMBS 6.0 101.30 -0.10 GNMA 5.5 99.61 -0.17 GNMA 6.0 101.26 -0.06 Pricing as of: 7/23 1:09PM EST 10 Year US Treasury 4.3758 +0.0298 Price / Yield Change US Treasury 2 YR Treasury 3.872 +0.042 5 YR Treasury 3.929 +0.044 7 YR Treasury 4.143 +0.045 10 YR Treasury 4.389 +0.043 30 YR Treasury 4.957 +0.040 Pricing as of: 7/23 1:09PM EST Latest Video Could construction jobs derail Trump's infrastructure push? Kensho: Bond market sending warning sign for stocks Trump: We are destroying 'horrible' regulations Around the Web Market Watch Balance sheet will be focus of Fed minutes CNBC Dodd-Frank hasn't slowed lending Market Watch So what is Medley Global Advisors, anyway? NAHB Eye on Housing New Home Sales Price History Bloomberg What the Fed Minutes Could Reveal About the Balance Sheet CNBC Richmond Fed President Lacker says he was source of Medley leak, announces immediate resignation Reuters JPMorgan's Dimon calls for regulatory reform in shareholder letter Calculated Risk Blog Reis: Mall Vacancy Rate mostly unchanged in Q1 2017 Reuters House Speaker Ryan says healthcare talks at 'conceptual stage' CNBC Factory orders rise 1 percent in February, in line with estimates Reuters U.S. trade deficit falls as exports hit two-year high Calculated Risk Blog Updated Population Projections = Slower Growth, Less Robust Housing Recovery CNBC Manhattan real estate stabilizes as prices come down

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