The first quarter of 2017 the year saw home prices in large metropolitan areas appreciate at the fastest rate in nearly two years . The National Association of Realtors® (NAR) said on Monday that prices were up in 85 percent (152 of 178) of the metropolitan statistical areas (MSAs) it tracks, with the median price for an existing single family home gaining 6.9 percent. Metro prices have now accelerated for three consecutive quarters. The increase, from a median of $217,200 in the first quarter of 2016 to $232,100, was the most significant gain since the year-over-year growth of 8.2 percent registered in the second quarter of 2015. The median condominium and cooperative price in the 61 MSAs tracked was $218,600, up 7.1 percent from the first quarter of 2016. Eighty-five percent of metro

May 15, 2017 Download our Mobile App: Download our Mobile App: Housing News 1st Quarter Prices Up in 85 Percent of Metro Areas The first quarter of 2017 the year saw home prices in large metropolitan areas appreciate at the fastest rate in nearly two years . The National Association of Realtors® (NAR) said on Monday that prices were up in 85 percent (152 of 178) of the m... (read more) Housing News New Home Purchase Apps Uphold April Downturn Tradition Applications for new home purchase mortgages fell by 19.4 percent on a non-seasonally adjusted basis in April. The Mortgage Bankers Association said responses to its Builder Applications Survey (BAS) produced an estimate of 50,000 new home sales duri... (read more) Rob Chrisman FHA/VA Pricing Updates; Down Payment News and Trends Economists, like royal children are not punished for their errors. Data revision can be a career strategy for some, and certainly some companies wish they could revise data occasionally – especially lenders in the first quarter. Given recent da... (read more) Housing News Builder Confidence Highest Since December Builder confidence just hit its highest level since December , reaching the second highest level since well before the housing crisis began. The National Association of Home Builders (NAHB) said its Housing Market Index, which it produces in conjunct... (read more) MBS Commentary MBS Live Day Ahead: Hope Remains Alive, But Not Without a Fight Last Friday represented a potential shift in the recent trend toward higher rates that began in mid-April.  10yr yields (which we track as the best proxy for momentum in longer-term rates, like mortgages) fell below a key trendline (seen in th... (read more) MBS Commentary MBS Live Recap: Surprisingly Big Impact From Econ Data Bonds were losing ground clearly and convincingly this week, until this morning's economic data came along.  To be fair , we might say that bonds began holding their ground earlier in the week as the Treasury auction cycle began, with 10yr yiel... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.81% +0.03% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.81% +0.03 0.00 15 Yr. Fixed 6.05% +0.01 0.00 30 Yr. FHA 6.38% +0.02 0.00 30 Yr. Jumbo 6.91% +0.01 0.00 7/6 SOFR ARM 6.27% +0.02 0.00 30 Yr. VA 6.40% +0.02 0.00 Updates Daily - Last Update: 7/24 15 Yr. Fixed Rate 6.05% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.74% -0.01 0.00 15 Yr. Fixed 5.87% -0.05 0.00 Updates Weekly - Last Update: 7/24 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 99.30 -0.07 Price / Yield Change MBS UMBS 5.5 99.31 -0.05 UMBS 6.0 101.25 -0.06 GNMA 5.5 99.58 -0.05 GNMA 6.0 101.23 -0.04 Pricing as of: 7/24 6:01PM EST 10 Year US Treasury 4.3982 +0.0145 Price / Yield Change US Treasury 2 YR Treasury 3.917 +0.039 5 YR Treasury 3.960 +0.030 7 YR Treasury 4.163 +0.020 10 YR Treasury 4.396 +0.013 30 YR Treasury 4.936 -0.003 Pricing as of: 7/24 6:01PM EST Latest Video Santelli Exchange: Fmr. FDIC Chairman on housing finance reform Builder confidence up, new home mortgage apps down The top 10 places for first-time homebuyers Around the Web consumerfinancemonitor.com New York DFS announces expanded use of NMLS Reuters Philadelphia sues Wells Fargo, alleges predatory lending Calculated Risk Blog Early Q2 GDP Forecasts Calculated Risk Blog NY Fed: Manufacturing Activity "leveled off" in May builderonline.com Lawmakers Push FHFA To Prevent Sales of Foreclosed Properties The Atlantic The Shame of the Mortgage-Interest Deduction feedproxy.google.com 5 Tips for Buyers in a Tight Housing Market Bloomberg How Fed Fights Next Downturn Hangs on Smooth Balance-Sheet Exit CNBC Retail is facing a historic moment of truth CNBC Fed's Harker says two more rate hikes this year are 'appropriate' Market Watch Consumer advocates made a last-ditch effort with Congress to keep the CFPB intact CNBC Here's how much home $300K will buy you in every US state CNBC Consumer sentiment hits 97.7 in mid-May, riding the 'Trump bump'

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