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

June 2, 2021 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 Jun 2, 2021 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 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 Home Price Gains Continue to Break Records Tue, May 25, 2021 11:46AM 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 ... (read more) New Home Sales in April Approached1 Million Units, Just Missing Expectations Tue, May 25, 2021 11:28AM 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 in March had taken sales to a 1.021 million unit rate, a 20.7 percent gain, but those number also lost some lus... (read more) MLO Jobs; Pricing, Servicing, Processing, VOE Tools; Non-Agency and Jumbo Updates; LO Comp Wed, Jun 2, 2021 10:47AM Real estate agents will tell you that offering above asking price is only the first step, with many buyers also waiving contingencies, skipping inspections, or providing free lease-backs to sellers, along with offers for the seller to remain in the home for a period of time after closing, rent-free. When something becomes too expensive, consumers begin talki... (read more) Latest Video Two experts on what the Fed's Beige Book says about the economy Federal Reserve's Beige Book: Economy expanded at moderate pace The 9am Bond Report - June 2, 2021 ISM manufacturing index at 61.2, vs 60.5 estimate Around the Web CNBC Companies spending more on wages and supplies, but still can't find enough workers, Fed report says Federal Reserve Fed's Beige Book - Full Text CNBC 3.7 million Americans set to lose unemployment benefits early as 25 states exit federal programs Reuters Fed's Harker says it's time to 'think about thinking about' tapering Calculated Risk Blog Energy expenditures as a percentage of PCE Redfin High-End Home Sales Surge Nearly Twice as Fast as Sales of Mid-Priced Homes Reuters Euro zone bond yields slip, shrugging off inflation CNBC Treasuries little changed as investors await jobs data Investing.com Fed's Brainard: Economy making 'welcome progress,' but still 'far' from goals Calculated Risk Blog Update: Framing Lumber Prices Down from Recent Peak, Up Sharply Year-over-year Calculated Risk Blog ISM Manufacturing index Increased to 61.2% in May Calculated Risk Blog Construction Spending increased 0.2% in April Calculated Risk Blog Tuesday: ISM Manufacturing, Construction Spending, Vehicle Sales

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