Home prices for purchases financed by Fannie Mae and Freddie Mac appreciated at an 0.2 percent rate during June, and the estimate for May was increased from the 0.2 percent originally reported to 0.4 percent. It also appears that April's gain, which was revised last month from 0.1 percent to 0.2 percent has been revised again, up another 0.1 point. The Federal Housing Finance Agency, regulator and conservator for the GSEs, reported that home prices rose 6.5 percent compared to their Housing Price Index (HPI) for June 2017. Prices were up month-over-month in seven of the nine census regions , ranging from 0.1 percent in the West South Central division to 0.7 percent in the Mountain division. Those two states also posted the smallest and the largest year-over-year changes, 5.0 and 9.5 percent

August 23, 2018 Download our Mobile App: Download our Mobile App: Housing News Are Home Prices Finally Pumping the Brakes? Home prices for purchases financed by Fannie Mae and Freddie Mac appreciated at an 0.2 percent rate during June, and the estimate for May was increased from the 0.2 percent originally reported to 0.4 percent. It also appears that April's gain, which ... (read more) Housing News New Home Sales Soften for Second Month New home sales broke out of the up-one-month, down the next pattern they have adopted since March, and not in a good way . The Census Bureau and Department of Housing and Urban Development reported that sales of newly constructed single-family homes ... (read more) Rob Chrisman Originator Webinars; IT and Vendor News; Rate Hike on the Horizon “Rob, I think we’re going to make it.” Thus began a note I received yesterday from the owner of a small retail lender in the mid-Atlantic region. “We’ve moved from 90% refi to 70% purchase, have deep roots in the communi... (read more) MBS Commentary MBS Live Day Ahead: Is Today The Day We Break 2.82? Should You Even Care? Is today the day we break the "key technical level" at 2.82? Spoiler alert: you shouldn't care and it doesn't matter .  I'm sorry if this is disillusioning or confusing.  I spend a fair amount of time talking about technicals and various l... (read more) Mortgage Rate Watch Mortgage Rates Extend Steady Streak Mortgage rates haven't really moved for 9 straight business days. Some lenders have seen microscopic improvements during that time, but the average lender is still quoting the same rates and fees seen on August 13th. The underlying bond market is par... (read more) MBS Commentary MBS Live Recap: Modest Gains Amid Risk-Off Headline Response; Fed Didn't Hurt Today's gains are primarily a factor of the bond market's response to yesterday's Cohen headlines (plea deal regarding campaign finance violations).  Bonds aren't too flustered about the headlines, but a few traders sought safe havens due to t... (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 6.0 101.46 +0.06 Pricing as of: 7/3 5:05AM EST 10 Year US Treasury 4.2592 -0.0206 Price / Yield Change US Treasury 2 YR Treasury 3.771 -0.017 5 YR Treasury 3.848 -0.019 7 YR Treasury 4.035 -0.021 10 YR Treasury 4.258 -0.022 30 YR Treasury 4.785 -0.024 Pricing as of: 7/3 5:05AM EST Latest Video Fed's Kaplan: Confident we'll make decisions without political interference New home sales down 1.7% in July Initial jobless claims down 2,000 to 210,000 Around the Web CNBC Powell won't get in a 'Twitter war' with Trump, but the Fed chief may address his concerns CNBC Fed's Kaplan: We'll continue to do our job 'without regard to political considerations' Bloomberg Fed Staff Paper Warns Officials Not to Ignore Low Unemployment CNBC Trump warns impeachment will crash the market and make everyone 'very poor'here's what experts say CNBC The housing recovery isn't over, it just feels like it is Calculated Risk Blog A few Comments on July New Home Sales consumerfinancemonitor.com Senate Banking Committee approves Kraninger nomination consumerfinancemonitor.com CFPB to hold fair lending symposium on Sept. 17 NAHB Eye on Housing Multifamily Builder and Developer Confidence Edged Down Slightly in Second Quarter CNBC The three ways student debt makes it hard to buy a house Calculated Risk Blog Weekly Initial Unemployment Claims decreased to 210,000 CNBC Fed's George says Trump isn't influencing her votes on rate hikes CNBC US Treasury yields mixed after Fed minutes; central bankers gather in Jackson Hole

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