Like one of those one-a-decade astrological anomalies, issuance of three home price reports for December along with a quarterly summary coincided today. As usual, S&P CoreLogic Case-Shiller, Black Knight, and the Federal Housing Finance Agency all posted different numbers reflecting their different universes and methodologies, but all showed, in the words of Case- Shiller's David M. Blitzer, that gains in housing may be leveling off. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 6.3% annual gain in December, up from 6.1% in the previous month. The Index was 0.2 percent higher than in November before seasonal adjustment and 0.7 percent afterward. The 10-City Composite Index rose 6.0 percent on an annual basis, the

February 27, 2018 Download our Mobile App: Download our Mobile App: Housing News Home Prices Start to Slow Their Gains Like one of those one-a-decade astrological anomalies, issuance of three home price reports for December along with a quarterly summary coincided today. As usual, S&P CoreLogic Case-Shiller, Black Knight, and the Federal Housing Finance Agency al... (read more) Rob Chrisman Lender and Bank Mergers Continue; Powell: More Short Term Rate Hikes Every home owner was, at one time, a first-time home buyer, right? Now it seems that every lender, investor, politician, and special interest group is focused on the fabled first-time buyers. Most are in their 20s or early 30s, and yes, they want to ... (read more) MBS Commentary MBS Live Day Ahead: Even Small Victories Matter Today's key event will be the fielding of questions by Fed Chair Powell at the semi-annual congressional testimony.  Sometimes known as the Humphrey Hawkins speech (because it used to be required by the Humphrey Hawkins Act), the sitting Fed Cha... (read more) Mortgage Rate Watch Another 2018 First For Mortgage Rates Mortgage rates fell for the third day in a row--the first time that's happened so far in 2018! Much like last week was slightly less spectacular than its "best in 2018" designation, today also comes with caveats. Even though rates technically did fal... (read more) MBS Commentary MBS Live Recap: Mid-Day Weakness Leaves Bonds Unchanged In this morning's Day Ahead, we discussed an hour-by-hour chart of several technical overlays for rates.  The thesis was that this most recent rally (last Thursday through today) was getting a bit long in the tooth relative to other attempts at ... (read more) Mortgage Rate Watch Mortgage Rates Snap Right Back to 4-Year Highs It was a good run for mortgage rates , relative to the rest of 2018, but after spending 3 days in a row with mild-to-moderate improvements, rates quickly snapped back to multi-year highs today. The general trend in 2018 as well as the general level o... (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 99.35 -0.16 UMBS 6.0 101.27 -0.12 GNMA 5.5 99.61 -0.17 GNMA 6.0 101.25 -0.08 Pricing as of: 7/23 1:06PM EST 10 Year US Treasury 4.3758 +0.0298 Price / Yield Change US Treasury 2 YR Treasury 3.876 +0.047 5 YR Treasury 3.931 +0.046 7 YR Treasury 4.145 +0.047 10 YR Treasury 4.390 +0.044 30 YR Treasury 4.957 +0.040 Pricing as of: 7/23 1:06PM EST Latest Video Home prices surge 6.3% in December amid critical housing shortage Powell testimony opens door to fourth hike Powell: Next couple of years look strong for economy Around the Web Calculated Risk Blog Update: A few comments on the Seasonal Pattern for House Prices Bloomberg Powell's 'Continuity' Promise Foretells Still Slower Mortgage-Backed Securities Speeds CNN Wells Fargo accused of preying on black and Latino homebuyers in California Calculated Risk Blog Real House Prices and Price-to-Rent Ratio in December CNBC Yields jump after Fed Chair Powell hints at more than 3 hikes this year Calculated Risk Blog Richmond Fed: District Manufacturing Firms Reported Robust Growth in February CNBC Powell: Fed members will be taking another look at rate projections consumerfinancemonitor.com How long can Mick Mulvaney serve as CFPB Acting Director? CNBC Tom Lee: The 10-year Treasury yield could be as high as 4% in 18 months Redfin Redfin Housing Demand Index Posted Its Highest January Reading to Start the Year Reuters U.S. core capital goods orders fall for second straight month CNBC US core capital goods orders fall for second straight month CNBC Fed Chairman Powell: Market volatility won't stop more rate hikes

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