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: 30 Yr. Fixed 6.27% -0.04%   6.13% 7.26% 15 Yr. Fixed 5.82% -0.01%   5.6% 6.59% 30 Yr. Jumbo 6.00% -0.22%   6% 7.45% Compare Mortgage Rates from Local Lenders for Feb 27, 2018 Another 2018 First For Mortgage Rates Mon, Feb 26, 2018 6:52PM 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 fall for the third straight day, most of the day was spent with underlying bond markets moving into weaker territory. This resulted in several lenders raising rates in the middle of the day, leaving them roughly in line with Friday's latest offerings. All of the above places increased emphasis on the coming days. If bonds and rates can manage to conti... (read more) Mortgage Rates Snap Right Back to 4-Year Highs Tue, Feb 27, 2018 4:38PM 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 of volatility deserve some of the credit. The bonds that underlie mortgage rate pricing actually aren't quite back to last week's levels. Lenders are simply quicker to adjust things for the worse when the trend has been unfriendly and when the prices of those underlying bonds have been jumping around as much as they have. The other part of the credi... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.27% -0.04 0.00 15 Yr. Fixed 5.82% -0.01 0.00 30 Yr. FHA 6.00% -0.03 0.00 30 Yr. Jumbo 6.00% -0.22 0.00 7/6 SOFR ARM 5.71% -0.01 0.00 30 Yr. VA 6.02% -0.03 0.00 Updates Daily - Last Update: 10/15 Freddie Mac Rate Change Points 30 Yr. Fixed 6.30% -0.04 0.00 15 Yr. Fixed 5.53% -0.02 0.00 Updates Weekly - Last Update: 10/9 Mortgage Bankers Assoc. 30 Yr. Fixed 6.43% -0.03 0.60 15 Yr. Fixed 5.77% +0.01 0.79 30 Yr. Jumbo 6.60% +0.06 0.44 Updates Weekly - Last Update: 10/8 UMBS 30YR 5.0 99.65 -0.03   95.05 99.96 UMBS 30YR 5.5 101.06 -0.02   97.47 101.28 10 YR Treasury 4.040 +0.012   3.932 4.780 MBS Live Day Ahead: Even Small Victories Matter Tue, Feb 27, 2018 10:02AM 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 Chair reports to Congress twice a year in Feb and July (3 times if you count November's annual economic outlook t... (read more) MBS Live Recap: Mid-Day Weakness Leaves Bonds Unchanged Mon, Feb 26, 2018 6:52PM 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) MBS Price Change UMBS 4.5 97.66 -0.03 UMBS 5.0 99.66 -0.01 UMBS 5.5 101.08 -0.01 GNMA 4.5 97.73 +0.03 GNMA 5.0 99.80 -0.03 GNMA 5.5 100.81 -0.08 Pricing as of: 10/15 3:23PM EST US Treasury Yield Change 2 YR Treasury 3.503 +0.020 5 YR Treasury 3.625 +0.021 7 YR Treasury 3.812 +0.014 10 YR Treasury 4.041 +0.012 30 YR Treasury 4.638 +0.007 Pricing as of: 10/15 3:23PM EST Other News Home Prices Start to Slow Their Gains Tue, Feb 27, 2018 10:25AM 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 word... (read more) Lender and Bank Mergers Continue; Powell: More Short Term Rate Hikes Tue, Feb 27, 2018 9:13AM 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 own a place of their own. Lots of folks like lists, and any loan officer in these “Top 10 places for Fir... (read more) 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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