There were further indications in August that home price gains are beginning to slow. The appreciation rate of the Federal Housing Finance Agency's (FHFA's) House Price Survey (HPI) retreated slightly on both a monthly and an annual basis while the various S&P CoreLogic Case-Shiller home price indices either slowed or remained unchanged on an annual basis. Case-Shiller's U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 19.8 percent annual gain in August , essentially unchanged from the annual increase in July. The 10-City Composite rose 18.6 percent, down from a 19.2 percent change the previous month. The 20-City Composite rose 19.7 percent compared to 20.0 percent in the earlier period. Phoenix and San Diego reported the highest year-over-year gains

October 28, 2021 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.28% -0.05%   6.13% 7.26% 15 Yr. Fixed 5.81% -0.04%   5.6% 6.59% 30 Yr. Jumbo 6.30% +0.00%   6.1% 7.45% Compare Mortgage Rates from Local Lenders for Oct 28, 2021 Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.28% -0.05 0.00 15 Yr. Fixed 5.81% -0.04 0.00 30 Yr. FHA 6.01% -0.04 0.00 30 Yr. Jumbo 6.30% 0.00 0.00 7/6 SOFR ARM 5.89% -0.06 0.00 30 Yr. VA 6.03% -0.04 0.00 Updates Daily - Last Update: 10/31 Freddie Mac Rate Change Points 30 Yr. Fixed 6.17% -0.02 0.00 15 Yr. Fixed 5.41% -0.03 0.00 Updates Weekly - Last Update: 10/30 Mortgage Bankers Assoc. 30 Yr. Fixed 6.30% -0.07 0.58 15 Yr. Fixed 5.67% -0.07 0.61 30 Yr. Jumbo 6.38% -0.01 0.34 Updates Weekly - Last Update: 10/29 UMBS 30YR 5.0 99.56 +0.01   95.05 100.11 UMBS 30YR 5.5 101.06 -0.01   97.47 101.40 10 YR Treasury 4.076 -0.020   3.932 4.780 MBS Price Change UMBS 4.5 97.56 +0.06 UMBS 5.0 99.56 +0.01 UMBS 5.5 101.06 -0.01 GNMA 4.5 97.65 +0.04 GNMA 5.0 99.73 +0.05 GNMA 5.5 100.82 -0.03 Pricing as of: 11/3 2:23AM EST US Treasury Yield Change 2 YR Treasury 3.574 -0.034 5 YR Treasury 3.683 -0.035 7 YR Treasury 3.873 -0.025 10 YR Treasury 4.076 -0.020 30 YR Treasury 4.653 -0.004 Pricing as of: 11/3 2:23AM EST Other News Was August the Turning Point for Home Prices? Thu, Oct 28, 2021 11:17AM There were further indications in August that home price gains are beginning to slow. The appreciation rate of the Federal Housing Finance Agency's (FHFA's) House Price Survey (HPI) retreated slightly on both a monthly and an annual basis while the various S&P CoreLogic Case-Shiller home price indices either slowed or remained unchanged on an annual basi... (read more) September Pending Home Sales Decline 2.3% Thu, Oct 28, 2021 11:04AM The 8.1 percent increase in pending home sales in August, the first gain in three months, didn't start a trend. The National Association of Realtors® (NAR) said its Pending Home Sales Index (PHSI) for September slipped 2.3 percent in September to 116.7, and is now down 8.0 percent year-over-year. The PHSI is based on new purchase contracts for existing h... (read more) Capital Markets, Compliance, Homebuyer, Pre-approval Products; Fair Lending and Compliance are in Vogue Thu, Oct 28, 2021 10:59AM I have to go to Target later today to buy Halloween candy because I went to Target last week and bought Halloween candy. Get it? Here’s another question: In the U.S., what's the difference between being unemployed and working at Starbucks? Unemployed people got paid more in 2020. (Although in 2022 Starbucks is raising its minimum wage to $15/hour.) Yes... (read more) Latest Video The 2pm Bond Report - October 28, 2021 'Mortgage demand has come back,' Valley National Bank CEO says Pending home sales falls 2.3% in September, below estimates The 9am Bond Report - October 28, 2021 Around the Web CNBC The market is starting to price in more interest rate hikes than the Fed is indicating CNBC Pending home sales fell unexpectedly in September, likely due to higher mortgage rates CNBC U.S. gross domestic product increases at 2.0% annualized pace in Q3 vs. 2.8% estimate CNBC European Central Bank holds policy steady despite soaring inflation CNBC 10-year Treasury yield rises to top 1.55% ahead of GDP update Calculated Risk Blog NMHC: October Apartment Market Tightness Index Very High Reuters U.S. business spending on equipment strong; goods trade deficit widens Calculated Risk Blog Real House Prices, Price-to-Rent Ratio and Price-to-Median Income in August Calculated Risk Blog Zillow Case-Shiller House Price Forecast: September Price Growth Will Remain Strong Reuters Analysis-The 1970s all over again? Stagflation debate splits Wall St CNBC 10-year Treasury yield edges slightly lower ahead of data, auctions Reuters U.S. consumer confidence rebounds; house price growth likely peaked CNBC Billions in aid still available to struggling renters

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