It is our first glance at home prices in the new year and CoreLogic estimates the rate of appreciation has fallen by more than 2 percentage points since January 2018. However, the company also predicts a small uptick in the rate of increase over the next 12 months. CoreLogic's Home Price Insights report for January has an increase in its Home Price Index (HPI), which includes sales of distressed properties, of 0.1 percent from December 2018 to January and puts it 4.4 percent higher than the previous January. The HPI gained 6.6 percent in the 12 months that ended in January 2018. The company's President and CEO Frank Martell said, "The slowing growth in home prices was inevitable in many respects as buyers pull back in the face of higher borrowing and ownership costs. As we head into 2019, we

March 5, 2019 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.29% +0.01%   6.11% 7.26% 15 Yr. Fixed 5.69% +0.04%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Mar 5, 2019 Mortgage Rates Remain Steady, But That's a Victory Today Mon, Mar 4, 2019 3:40PM Mortgage rates finally caught their breath today after rising quickly in the second half of last week. Specifically, the average lender managed to avoid getting any worse. Considering the past few business days, that's a victory. But is it as much of a victory as the underlying bond market suggests? Bonds dictate mortgage rates. They are the raw ingredients that lenders use to determine mortgage quotes. Whereas bonds change in value hundreds to thousands of times a day, lenders only update their published rates once a day. From there, if a certain threshold of bond market movement is met, lend... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.29% +0.01 0.00 15 Yr. Fixed 5.69% +0.04 0.00 30 Yr. FHA 5.98% +0.04 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.68% +0.06 0.00 30 Yr. VA 6.00% +0.05 0.00 Updates Daily - Last Update: 9/9 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 5.5 101.08 +0.00   97.47 101.61 UMBS 30YR 6.0 102.38 +0.00   99.66 102.50 10 YR Treasury 4.083 -0.001   3.621 4.780 MBS Live Day Ahead: Week's First Significant Economic Data as Bonds Build Ceiling Tue, Mar 5, 2019 9:10AM It may seem a bit counter-intuitive to be talking up economic data in light of last week's bond sell-off.  Friday saw weaker-than-expected consumer spending and sentiment as well as the lowest ISM Manufacturing PMI in more than 2 years.  No... (read more) MBS Live Recap: Rates Begin to Make Case For a New Ceiling Mon, Mar 4, 2019 4:14PM As we watched bond markets sell-off abruptly last week, the best case scenario would have been that the selling was overdone and that we would soon be settling-in to the wider sideways range we expected to see in early March. Why did we expect a wider sideways range?  Simply put, the consolidation range we'd been tracking was set to run out of room ... (read more) MBS Price Change UMBS 5.0 99.46 +0.02 UMBS 5.5 101.07 0.00 UMBS 6.0 102.37 -0.01 GNMA 5.0 99.74 +0.01 GNMA 5.5 101.02 -0.03 GNMA 6.0 102.01 +0.04 Pricing as of: 9/9 11:07PM EST US Treasury Yield Change 2 YR Treasury 3.551 -0.017 5 YR Treasury 3.611 -0.016 7 YR Treasury 3.811 -0.022 10 YR Treasury 4.083 -0.001 30 YR Treasury 4.728 -0.007 Pricing as of: 9/9 11:07PM EST Other News CoreLogic Price Gains Moderating, But Expected to Increase This Year Tue, Mar 5, 2019 11:51AM It is our first glance at home prices in the new year and CoreLogic estimates the rate of appreciation has fallen by more than 2 percentage points since January 2018. However, the company also predicts a small uptick in the rate of increase over the next 12 months. CoreLogic's Home Price Insights report for January has an increase in its Home Price Index (HP... (read more) How New Home Sales (Almost) Got Their Groove Back Tue, Mar 5, 2019 10:45AM Analysts were not expecting new home sales in December to outpace the strong and surprising gains they made in November, when they jumped 16.9 percent. They managed to be both right and wrong. Sales were up from November by 3.7 percent, to a seasonally adjusted annual rate of 621,000 units, however they surpassed November only because of a dramatic revision ... (read more) Recruiting, Broker, Lead-Gen Products; Women's Advice for Those New to the Industry; Capital Markets Tue, Mar 5, 2019 8:44AM Equal pay rates and equality for men and women in the U.S.? Nope – our world ranking isn’t so hot. Turns out, however, that the construction industry is one business where women are “shattering the glass ceiling” and making their mark in the male-dominated part of the economy. Gender aside, can you imagine a company where one manager ... (read more) Latest Video Larry Summers: Modern Monetary Theory is a recipe for a disaster December new home sales rise to 7-month high How a global growth slowdown could affect the market Around the Web Bloomberg Recessions Are Getting Tougher to Predict Reuters For Fed, few reasons to end 'patient' stance on rates Bloomberg Fed's Rosengren Suggests Rate Pause May Last Several Meetings' - Bloomberg Calculated Risk Blog A few Comments on December New Home Sales Calculated Risk Blog ISM Non-Manufacturing Index increased to 59.7% in February Bloomberg Cheaper Housing Options Boost Homeownership in Some U.S. Metros CNBC New home sales rise to 7-month high in December Calculated Risk Blog CoreLogic: House Prices up 4.4% Year-over-year in January Reuters China can 'absolutely' reach agreement with U.S. on financial opening, banking regulatory chief says CNBC Fed may need time to have clarity on US economy: Rosengren NAHB Eye on Housing Multifamily Construction Spending Hits New Record High Calculated Risk Blog Q4 2018 GDP Details on Residential and Commercial Real Estate Reuters Wall Street drops after weak data, trade optimism fades

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