The CoreLogic Home Price Index puts the annual rate of appreciation nationally at 4.7 percent in December and the gain from November 2018 to December at 0.1 percent. All states but Louisiana and North Dakota had price increases over the 12 months ended in December 2018. The highest rates were in Idaho at 11.7 percent, Nevada at 10.8 percent, and Utah, 8.7 percent. Frank Nothaft, CoreLogic's Chief Economist noted that price increases have been moderating. "Higher mortgage rates slowed home sales and price growth during the second half of 2018. Annual price growth peaked in March and averaged 6.4 percent during the first six months of the year. In the second half of 2018, growth moderated to 5.2 percent. For 2019, we are forecasting an average annual price growth of 3.4 percent." The CoreLogic

February 5, 2019 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 6.20% -0.02%   6.14% 7.45% Compare Mortgage Rates from Local Lenders for Feb 5, 2019 Mortgage Rates Quickly Retreating After Hitting Long-Term Lows Mon, Feb 4, 2019 4:08PM Mortgage rates continued moving higher today as Fridays unfortunate series of events seems to have motivated a big bounce. What events are those? Namely, we're talking about several important economic reports including the big jobs report and the most closely-watched manufacturing report from ISM. These were joined by two other supporting actors (Consumer Sentiment and Factory Orders) to round out an entire morning of data that came in much stronger than expected. But wait... why is strong economic data a bad thing?! A fair question! After all, don't we like a strong economy? If by "we," you m... (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 6.20% -0.02 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 99.72 +0.05   95.05 99.96 UMBS 30YR 5.5 101.09 +0.01   97.47 101.28 10 YR Treasury 4.029 +0.001   3.932 4.780 MBS Live Day Ahead: Which Side of the Market is Lying? Tue, Feb 5, 2019 9:53AM This is a concept we've revisited a few times over the years and it goes something like this: A strengthening economy implies rising earnings/profits among companies and therefore, higher stock prices.  The same strengthening also supports hi... (read more) MBS Live Recap: Bond Market Not a Fan of Mondays--At Least Not This One Mon, Feb 4, 2019 4:30PM Chinese markets were closed overnight for New Year.  This slowed trade somewhat.  Coupled with a lack of significant economic data this morning, it also put more emphasis on the events from the previous trading day.  In this case, that previous day was Friday.  That's when a series of economic reports (including the mighty jobs ... (read more) MBS Price Change UMBS 4.5 97.76 +0.07 UMBS 5.0 99.72 +0.05 UMBS 5.5 101.09 +0.01 GNMA 4.5 97.74 +0.04 GNMA 5.0 99.94 +0.11 GNMA 5.5 100.93 +0.03 Pricing as of: 10/15 6:49PM EST US Treasury Yield Change 2 YR Treasury 3.500 +0.018 5 YR Treasury 3.620 +0.016 7 YR Treasury 3.805 +0.006 10 YR Treasury 4.029 +0.001 30 YR Treasury 4.626 -0.004 Pricing as of: 10/15 6:49PM EST Other News Moderating Home Prices May Turn the Tide for Would-be Buyers Tue, Feb 5, 2019 11:57AM The CoreLogic Home Price Index puts the annual rate of appreciation nationally at 4.7 percent in December and the gain from November 2018 to December at 0.1 percent. All states but Louisiana and North Dakota had price increases over the 12 months ended in December 2018. The highest rates were in Idaho at 11.7 percent, Nevada at 10.8 percent, and Utah, 8.7 pe... (read more) Lower Rates and Slower Price Gains to Help Affordability in 2019 Mon, Feb 4, 2019 3:23PM Although they covered the topic in last month's Mortgage Monitor , further declines in interest rates have prompted Black Knight to take another look at the impact on the refinance pool. The previous edition reported that the 30-basis point drop in the 30-year fixed rate mortgage from a post-recession peak in November to 4.55 percent by the end of December h... (read more) LO Products, Digital White Paper; Training Events Across the Country and at Home Tue, Feb 5, 2019 8:55AM The other day I was on a Southwest flight and I noticed someone on the aisle seat crumple up a couple of unused tissues and put them on the empty middle seat so that no one would want to sit there. What’s up with that? For something that won’t make you shake your head, the Federal Reserve released its Senior Loan Officer survey for January, notin... (read more) Latest Video Fed shouldn't hike rates until outlook is clear: Dallas Fed president January ISM non-manufacturing data falls short of expectations Why Allianz's Mohamed El-Erian gives Fed Chair Powell an 'A' Around the Web Calculated Risk Blog Update: The Endless Parade of Recession Calls NAR - Realtor.com Luxury House Flipping Is on the Rise, but Still Lower Than Before the Recession CNBC The state of housing demand is suddenly good again but it could be temporary Bloomberg Lifeless Treasury Market Needs a Jolt From Pile of Parked Cash Calculated Risk Blog ISM Non-Manufacturing Index decreased to 56.7% in January NAHB Eye on Housing Share of Buyers Expecting an Easier House Search Drops from 27% to 19% in a Year CNBC The Fed's next rate move is more likely a cut than a hike: Economist Mohamed El-Erian Calculated Risk Blog CoreLogic: House Prices up 4.7% Year-over-year in December Reuters Exclusive: Fed could raise rates as much as twice this year - BlackRock's Rieder Bloomberg Stop Worrying About the Fed's Balance Sheet consumerfinancemonitor.com CFPB Publishes Informal Guidance on the TRID Rule Redfin Homes Staying on the Market for a Month Longer Than Last Year in San Jose, Portland, and Seattle NAR - Realtor.com The Average Adjustable-Rate Mortgage Is Nearly $700,000. Here's What That Tells Us.

© 2025  Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: [recipientemail]. Go here to UNSUBSCRIBE from this email.