Home price gains slowed slightly in October with both S&P CoreLogic Case-Shiller and the Federal Housing Finance Agency (FHFA) reporting lower annual increases in October than in September. There was a slight uptick, however, in the monthly gain in FHFA's House Price Index (HPI). The Case Shiller U.S. National Home Price Index, covering all nine U.S. census divisions, rose 19.1 percent on an annual basis in October. The annual gain in September was 19.7 percent. The 10 City Composite came in with a 17.1 percent increase, down from 17.9 percent and the 20-City Composite posted an 18.4 percent year-over-year gain compared to 19.1 percent the previous month. Phoenix had the highest annual appreciation, its 29 th consecutive month in first place, at 32.3 percent. Tampa, and Miami retained their

December 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 Dec 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 Price Gains Slow; Will We See 7% Next Year? Tue, Dec 28, 2021 11:38AM Home price gains slowed slightly in October with both S&P CoreLogic Case-Shiller and the Federal Housing Finance Agency (FHFA) reporting lower annual increases in October than in September. There was a slight uptick, however, in the monthly gain in FHFA's House Price Index (HPI). The Case Shiller U.S. National Home Price Index, covering all nine U.S. cen... (read more) Lumber Prices Likely to Remain Volatile Tue, Dec 28, 2021 11:13AM With the overall inflation rate becoming a focus of concern, the attention paid to lumber prices over the spring and summer faded to background noise. A recent report on the subject by Erik Sherman in GlobeSt.com warns that those prices remain an issue, however. He writes "supply chain problems, labor issues, and geopolitical wrangling mean a continued uncer... (read more) Broker, ECOA, VA Cash Out Products; Disaster News; Thoughts on Yield Curve and IMBs Tue, Dec 28, 2021 11:11AM Whether or not you think that climate change is real, you can’t deny that there is a climate, and that climate-related disasters occur… to the tune of $170 billion this year per one estimate . And given that state-specific foreclosure laws impact servicing values, and therefore rate sheet pricing, servicing values that vary based on the likeliho... (read more) Latest Video The 3pm Bond Report - December 28, 2021 The 2pm Bond Report - December 28, 2021 The 9am Bond Report - December 28, 2021 Omicron Covid variant hits airline industry with thousands of cancellations Around the Web Calculated Risk Blog A few comments on the Seasonal Pattern for House Prices Reuters S&P 500 pauses after four-day rally to record high Calculated Risk Blog Comments on Case-Shiller and FHFA House Price Increases Reuters S&P 500 set to open at record high as rally sustains Calculated Risk Blog Case-Shiller: National House Price Index increased 19.1% year-over-year in October CNBC U.S. Treasury yields are slightly higher with omicron in focus Reuters S&P 500 scores record high on retail sales cheer Calculated Risk Blog Final Look at Local Housing Markets in November Calculated Risk Blog Housing Inventory December 27th Update: Inventory Down 4.8% Week-over-week; Near Record Low Calculated Risk Blog Ten Economic Questions for 2022 Calculated Risk Blog Lawler: More on Investor Purchases of Residential Homes: Pretium Calculated Risk Blog Seven High Frequency Indicators for the Economy Calculated Risk Blog Question #10 for 2022: Will inventory increase as the pandemic subsides, or will inventory decrease further in 2022?

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