The superlatives are getting tired - historic, record setting - but they have to come into play again with the March home price gains. A spokesperson for S&P CoreLogic Case-Shiller called the annual gains in those indices the highest in 15 years while the Federal Housing Finance Agency (FHFA) said the growth in its data was more than twice that posted a year earlier. The Case-Shiller National Home Price Index increased at an annual rate of 13.2 percent in March, 1.2 point higher than the annual rate in February. The 10-City Composite Index rose 12.8 percent compared to 11.7 the prior month while the increase in the 20-City Composite was 13.3 percent, up from 12.0 percent. On a month-over-month basis, the National Index rose 1.5 percent on a seasonally adjusted basis and 2.0 percent unadjusted

May 27, 2021 Download our Mobile App: Download our Mobile App: Rob Chrisman Cap. Mkts., MLO, AE, Ops Jobs; Loan Sales, Pricing, Tax Estimating Products; Is the Fed Contributing to Housing Price Escalation? I was telling my cat Myrtle about the labor shortage in the United States, but she didn’t seem fascinated, to say the least. In fact, she gave me a look like, “I am an apex predator, open the door. Now.” Economists are quick to poin... (read more) Housing News Home Price Gains Continue to Break Records The superlatives are getting tired - historic, record setting - but they have to come into play again with the March home price gains. A spokesperson for S&P CoreLogic Case-Shiller called the annual gains in those indices the highest in 15 years ... (read more) Housing News New Home Sales in April Approached1 Million Units, Just Missing Expectations Sales of newly constructed homes gave back some of their March gains last month, declining 5.9 percent to a seasonally adjusted annual rate of 863,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development. A surge i... (read more) Mortgage Rates Mortgage Rates Drift Down to 2-Week Lows 30 Yr. Fixed Rate 6.82% +0.03% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.82% +0.03 0.00 15 Yr. Fixed 6.03% +0.04 0.00 30 Yr. FHA 6.35% +0.05 0.00 30 Yr. Jumbo 6.90% +0.03 0.00 7/6 SOFR ARM 6.32% -0.01 0.00 30 Yr. VA 6.37% +0.06 0.00 Updates Daily - Last Update: 7/11 15 Yr. Fixed Rate 6.03% +0.04% Rate Change Points Freddie Mac 30 Yr. Fixed 6.72% +0.05 0.00 15 Yr. Fixed 5.86% +0.06 0.00 Updates Weekly - Last Update: 7/10 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.77% -0.02 0.62 15 Yr. Fixed 6.04% -0.02 0.63 30 Yr. Jumbo 6.69% -0.09 0.65 Updates Weekly - Last Update: 7/9 MBS / Treasuries MBS Live Recap: Moderate Weakness; Decent Treasury Auction UMBS 30YR 5.5 99.33 -0.14 Price / Yield Change MBS UMBS 5.5 99.33 -0.14 UMBS 6.0 101.23 -0.03 GNMA 5.5 99.66 -0.18 GNMA 6.0 101.31 -0.07 Pricing as of: 7/12 4:50AM EST 10 Year US Treasury 4.4083 +0.0615 Price / Yield Change US Treasury 2 YR Treasury 3.901 +0.024 5 YR Treasury 3.971 +0.036 7 YR Treasury 4.179 +0.053 10 YR Treasury 4.408 +0.062 30 YR Treasury 4.955 +0.085 Pricing as of: 7/12 4:50AM EST Latest Video Auto lenders are becoming more aggressive, says expert Why former Fed president Richard Fisher is calling for change The 9am Bond Report - May 27, 2021 Jobless claims show momentum in labor market, says ADP chief economist Around the Web CNBC Fed's Kaplan cites real estate excesses as one reason to start tapering purchases Fannie Mae Consumer Spending Strong While Housing Troubled by Lack of Inventory for Sale CFPB Manufactured Housing Loan Borrowers Face Higher Interest Rates, Risks, and Barriers to Credit, New CFPB Report Finds Reuters Republicans' boost infrastructure counteroffer to $928 billion Calculated Risk Blog Hotels: Occupancy Rate Down 15% Compared to Same Week in 2019 CNBC Bank of America and Chase could restart mortgage foreclosures as early as July, but Wells Fargo is waiting until 2022 CNBC Yellen says the government is operating like it's 2010, calls for more aggressive spending CNBC Watch live: Treasury Secretary Yellen testifies before Congress on the economic recovery CNBC Fannie Mae's refinance program for lower-income homeowners starts next week. Here's what to know National Associattion of Realtors Pending Home Sales Drop 4.4% in April Calculated Risk Blog Q1 GDP Growth Unchanged at 6.4% Annual Rate CNBC U.S. weekly jobless claims total 406,000, vs 425,000 estimate CNBC Treasury yields edge higher ahead of weekly jobless claims data

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