In the company's loan performance report for January, Frank Martell, CoreLogic's president and CEO said, "Except for the metropolitan areas affected by natural disasters, most of the country has seen delinquency and foreclosure rates move lower over the past year. Declines in the unemployment rate have supported a rise in income and home-price growth has built home equity. These two economic forces coupled with high-quality underwriting have lowered overall delinquency rates. " The national rate for loans that were 30 or more days past due declined from 5.1 percent of active loans in January 2017 to 4.9 percent 12 months later, but that improvement would have been greater absent the push higher from two states. Besides being among the nation's most populous, Texas and Florida bore the brunt

April 10, 2018 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.28% -0.01%   6.11% 7.26% 15 Yr. Fixed 5.65% +0.05%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Apr 10, 2018 Mortgage Rates Mostly Steady, but Volatility Could Increase Mon, Apr 9, 2018 4:40PM Mortgage rates were steady to slightly higher to begin the new week, depending on the lender. Even in cases where rates rose, the increase was modest at best. The lack of drama is consistent with the week's economic calendar which essentially had nothing meaningful on tap today. Wednesday, by comparison, has much higher stakes . In the morning, The Department of Labor will release the most widely-followed report on inflation, The Consumer Price Index (CPI). This data, released once a month, has been one of the biggest sources of inspiration for rates over the past year. This time last year, CP... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.28% -0.01 0.00 15 Yr. Fixed 5.65% +0.05 0.00 30 Yr. FHA 5.94% -0.01 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.62% +0.03 0.00 30 Yr. VA 5.95% -0.02 0.00 Updates Daily - Last Update: 9/8 Freddie Mac Rate Change Points 30 Yr. Fixed 6.50% -0.06 0.00 15 Yr. Fixed 5.60% -0.09 0.00 Updates Weekly - Last Update: 9/4 Mortgage Bankers Assoc. 30 Yr. Fixed 6.64% -0.05 0.59 15 Yr. Fixed 5.84% -0.19 0.84 30 Yr. Jumbo 6.58% -0.09 0.39 Updates Weekly - Last Update: 9/3 UMBS 30YR 5.5 101.26 -0.02   97.47 101.61 UMBS 30YR 6.0 102.50 -0.04   99.66 102.50 10 YR Treasury 4.046 +0.007   3.621 4.780 MBS Live Day Ahead: First Treasury Auction; Not The Price Index You're Looking For Tue, Apr 10, 2018 9:19AM Although today's 8:30am data has the trigger phrase "price index," it's not the price index you're looking for.  That will come tomorrow in the form of the Consumer Price Index (CPI).  Today's Producer Price Index (PPI)  measures the s... (read more) MBS Live Recap: Bonds Battle Back to Unchanged in Narrow Range Mon, Apr 9, 2018 5:04PM Without any major events or data on the econ calendar, it was a calm and relatively inconsequential day for bond markets.  Yields stayed (mostly) inside the two narrowest technical levels from Friday afternoon (2.80% and 2.76%), but that wasn't looking like a done deal in the late morning hours. Treasuries were slightly weaker overnight and continue... (read more) MBS Price Change UMBS 5.0 99.75 -0.03 UMBS 5.5 101.26 -0.02 UMBS 6.0 102.51 -0.03 GNMA 5.0 100.06 -0.02 GNMA 5.5 101.21 +0.02 GNMA 6.0 102.15 -0.03 Pricing as of: 9/9 12:39AM EST US Treasury Yield Change 2 YR Treasury 3.494 +0.007 5 YR Treasury 3.567 +0.006 7 YR Treasury 3.772 +0.004 10 YR Treasury 4.046 +0.006 30 YR Treasury 4.692 +0.002 Pricing as of: 9/9 12:39AM EST Other News Delinquencies Down Overall, Texas and Florida Still Coping Tue, Apr 10, 2018 11:15AM In the company's loan performance report for January, Frank Martell, CoreLogic's president and CEO said, "Except for the metropolitan areas affected by natural disasters, most of the country has seen delinquency and foreclosure rates move lower over the past year. Declines in the unemployment rate have supported a rise in income and home-price growth has bui... (read more) Survey Shows Strong Up-Swing in Home Purchase Attitude Mon, Apr 9, 2018 12:12PM If you think the stock market has been volatile, you might consider a dose of Dramamine before checking out Fannie Mae's Home Purchase Sentiment Index (HPSI). The results of the March National Housing Survey (NHS) as reflected in the HPSI rose 2.5 points to 88.3, wiping out much of the 3.7-point decline posted in February. Those February results had, to the ... (read more) LO Training, Lender Products; State-Level Changes Tue, Apr 10, 2018 9:08AM Plenty of folks are moving to Florida, where I am today for a VA Conference. Do property taxes matter? Sure they do. Enough to move to an entirely different state? This article says, “Apparently.” Experts say that jobs are the most important determinant of where home buyers will locate. After that, state and local taxes matter in areas that are s... (read more) Latest Video Wholesale inventories up 1.0% in February March PPI up 0.3% vs. up 0.1% est. CBO director: We're going to pay for the great deal of stimulus Around the Web consumerfinancemonitor.com CFPB issues annual complaint report Calculated Risk Blog Q1 Review: Ten Economic Questions for 2018 Calculated Risk Blog Philly Fed: State Coincident Indexes increased in 46 states in February NAR - Realtor.com Rising Home Prices Push Borrowers Deeper Into Debt CNBC House hunting? Here's how to win a bidding war CNBC Big banks have found a new way to stay in the subprime lending business Calculated Risk Blog Small Business Optimism Index decreased in March, "Difficulty of finding qualified workers" is Top Problem Bloomberg Fed's Kaplan Says Trade Issues With China Won't Resolve Soon CNBC US Treasury yields rise as trade war concerns abate consumerfinancemonitor.com FDIC to hold May 7 forum on use of technology in banking consumerfinancemonitor.com NJ creates "state-level CFPB" NPR Financial Analyst Says Most Consumers Don't Realize How Their Data Is Used Calculated Risk Blog Hotels: Occupancy Rate DownYear-over-Year

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