Home prices on the Federal Housing Finance Agency's (FHFA's) Housing Price Index (HPI) crept higher in October, although year over year appreciation slowed. FHFA, which remains open during the shutdown, released its data Thursday morning reflecting prices of homes purchases using financing from the GSEs Fannie Mae and Freddie Mac. The Index gained 0.3 percent in October, a slight acceleration from the 0.2 percent increase in September. Prices rose in seven of the nine census districts with the greatest increases in the Pacific division at 1.4 percent and the West North Central at 1.1 percent. Prices in the South and Middle Atlantic districts declined by 0.6 percent and 0.2 percent respectively. Year-over-year price gains decelerated from the previous month's 6.0 percent to 5.7 percent in October

December 27, 2018 Download our Mobile App: Download our Mobile App: Housing News Fannie/Freddie Annual Prices Soften; New Home Sales Delayed Home prices on the Federal Housing Finance Agency's (FHFA's) Housing Price Index (HPI) crept higher in October, although year over year appreciation slowed. FHFA, which remains open during the shutdown, released its data Thursday morning reflecting p... (read more) Rob Chrisman Marketing Products; Shutdown Update, Flood Insurance Setback; Over 1,400 Vendors? The US taxpayer has been bearing the credit risk of 90% of all new origination over the past 10 years. What about property/collateral risk? Yesterday FEMA issued a new opinion disallowing new or renewal flood insurance policies during the partial shu... (read more) MBS Commentary MBS Live Day Ahead: Bonds Still Trading Fed Day Range Last Wednesday was Fed day and it marked a technical breakout for bond yields.  As far back as June 2018, 10yr yields had been bouncing on a floor of 2.82%.  Despite multiple attempts, yields never managed to  confirm a break below th... (read more) Mortgage Rate Watch Mortgage Rates Higher Today or Tomorrow Mortgage rates were unchanged in some cases today and higher in others. The discrepancy is a result of the timing of today's market movements. The most important thing to know is that lenders who are unchanged today will almost certainly be higher to... (read more) Housing News Case-Shiller Says Home Price Gains Slowing, Still up 5.5% Home prices continued to ratchet down their advances in October, fewer than half of the tracked cities saw prices increase on an unadjusted basis. The slowing is also beginning to show up in the annual readings. The Case-Shiller National Home Price I... (read more) MBS Commentary MBS Live Recap: Huge Bounce in Stocks Not So Good For Bonds Bonds had a rotten day, primarily because stocks had an amazing day (although the terrible 5yr Treasury auction didn't help).  In turn, stocks primarily had an amazing day because they had a rotten day on Monday.  Looked at another way,... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.73% +0.06% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.73% +0.06 0.00 15 Yr. Fixed 5.97% +0.06 0.00 30 Yr. FHA 6.25% +0.06 0.00 30 Yr. Jumbo 6.84% +0.04 0.00 7/6 SOFR ARM 6.33% +0.04 0.00 30 Yr. VA 6.26% +0.06 0.00 Updates Daily - Last Update: 7/2 15 Yr. Fixed Rate 5.97% +0.06% Rate Change Points Freddie Mac 30 Yr. Fixed 6.77% -0.04 0.00 15 Yr. Fixed 5.89% -0.07 0.00 Updates Weekly - Last Update: 6/26 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.88% +0.04 0.63 15 Yr. Fixed 6.11% -0.03 0.74 30 Yr. Jumbo 6.88% +0.07 0.60 Updates Weekly - Last Update: 6/25 MBS / Treasuries UMBS 30YR 5.5 99.91 +0.07 Price / Yield Change MBS UMBS 5.5 99.91 +0.07 UMBS 6.0 101.62 +0.05 GNMA 5.5 100.06 +0.09 GNMA 6.0 101.47 +0.06 Pricing as of: 7/3 1:23AM EST 10 Year US Treasury 4.2622 -0.0176 Price / Yield Change US Treasury 2 YR Treasury 3.767 -0.021 5 YR Treasury 3.848 -0.019 7 YR Treasury 4.036 -0.020 10 YR Treasury 4.262 -0.018 30 YR Treasury 4.788 -0.021 Pricing as of: 7/3 1:23AM EST Latest Video Powell knows how important his words are, says market strategist High-end housing market doing best in New York City, says premier broker Economic data doesn't support recession concerns Around the Web CNBC Don't laugh: The Fed will be cutting rates 'in coming months,' David Rosenberg says NAR - Realtor.com Mortgage Rates Continue to Fall in Holiday Gift for Home Buyers, Sellers Reuters Drop in U.S. consumer confidence stokes fears of economic slowdown CNBC The 'January Effect' could be the market's big hope for a bounce CNBC Cramer says the Fed is 'recklessly' confusing the market 'it's a good time to be quiet' NAHB Eye on Housing Top Posts: Highest Paid Occupations in Construction Calculated Risk Blog Weekly Initial Unemployment Claims decreased to 216,000 Bloomberg ECB Sees Economic Expansion With Increased Downside Risks CNBC US Treasury yields lower after Wall Street's massive rally Bloomberg Trump Expresses Confidence in Fed, Mnuchin Calculated Risk Blog Real House Prices and Price-to-Rent Ratio in October Bloomberg Bond Market Naysayers Are at Odds With Powell's Inflation Positivity Reuters Fed chair's job is not in jeopardy, White House economic adviser says

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