The first of the September home price indices came out on Tuesday, and the CoreLogic Home Price Index (HPI) showed price gains, while not slowing, are demonstrating a lot of stability . CoreLogic's HPI is based on nationwide prices including those for distressed sales. The HPI increased from its August level by 1.1 percent, marking the fourth consecutive month with this same rate of appreciation. On a year-over-year basis the index rose 6.3 percent compared to an increase of 6.2 percent from August 2015 to August 2016. It was the largest annual increase since March when prices rose 6.7 percent. Once again the greatest state level gains were in Washington (10.3 percent) and Oregon (10.1 percent). The two have been swapping first and second place for months. Colorado, also a perennial in the

November 1, 2016 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.28% -0.01%   6.11% 7.26% 15 Yr. Fixed 5.65% +0.05%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Nov 1, 2016 Mortgage Rates End October Just Off 5-Month Highs Mon, Oct 31, 2016 3:58PM Mortgage Rates moved sideways to slightly lower for the 2nd day in a row, after hitting the highest levels in 5 months on Thursday. While the positive progress is better than a sharp stick in the eye, it nonetheless leaves us right in line with highs for all practical purposes. In fact, virtually all lenders are putting out quotes today that are indistinguishable from Thursday's for most prospective borrowers. The most prevalently-quoted conventional 30yr fixed rate remains 3.625% on top tier scenarios, with a handful of the most aggressive lenders at 3.5%. The remainder of the week brings sev... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.28% -0.01 0.00 15 Yr. Fixed 5.65% +0.05 0.00 30 Yr. FHA 5.94% -0.01 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.62% +0.03 0.00 30 Yr. VA 5.95% -0.02 0.00 Updates Daily - Last Update: 9/8 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 5.5 101.26 -0.02   97.47 101.61 UMBS 30YR 6.0 102.50 -0.04   99.66 102.50 10 YR Treasury 4.048 +0.009   3.621 4.780 MBS Live Day Ahead: November Begins Poorly For Bonds. Any Hope? Tue, Nov 1, 2016 9:54AM The Summer months sure were great for bond markets, weren't they?  Massive rally in June, all-time low yields in July, and reasonable stability just off all-time lows in August. But things have been unpleasant since then--not just in terms of... (read more) MBS Live Recap: Fiercely Apathetic Day, Especially For Month-End Mon, Oct 31, 2016 5:09PM The last trading day of any given month is more volatile and more actively traded than the average trading day.  That wasn't the case today, which is somewhat of a surprise given that the previous trading session saw the highest yields in 5 mo... (read more) MBS Price Change UMBS 5.0 99.73 -0.04 UMBS 5.5 101.26 -0.02 UMBS 6.0 102.50 -0.04 GNMA 5.0 100.05 -0.03 GNMA 5.5 101.21 +0.02 GNMA 6.0 102.15 -0.04 Pricing as of: 9/8 11:06PM EST US Treasury Yield Change 2 YR Treasury 3.495 +0.008 5 YR Treasury 3.570 +0.009 7 YR Treasury 3.776 +0.008 10 YR Treasury 4.048 +0.009 30 YR Treasury 4.697 +0.006 Pricing as of: 9/8 11:06PM EST Other News 1st Home Price Report for Sep: Another Vote For Appreciation Over 6% Tue, Nov 1, 2016 10:16AM The first of the September home price indices came out on Tuesday, and the CoreLogic Home Price Index (HPI) showed price gains, while not slowing, are demonstrating a lot of stability . CoreLogic's HPI is based on nationwide prices including those for distressed sales. The HPI increased from its August level by 1.1 percent, marking the fourth consecutive mon... (read more) Black Knight Home Prices Buck Industry Trend Mon, Oct 31, 2016 10:29AM The fourth and last of the August home price estimates is in and none of them show any slowing of appreciation. Among peers, Black Knight Financial Services is the only one that doesn't report a greater year-over-year gain in August than it did in July. Black Knight puts its Home Price Index (HPI) at $266,000, an annual increase of 5.3 percent, unchanged fro... (read more) Wells' Appraisal Settlement, Trends in Collateral Valuation; Non-Prime MBS Tue, Nov 1, 2016 10:03AM Who is 29-year old Pete Kostelnick? No, he’s not the cute new AE covering your region. Pete just set a world record for fastest run across America: 3,067 miles from San Francisco’s City Hall to New York’s in just more than 42 days. Isn’t that about the average rate lock period? And it is certainly faster than foreclosing in New Jersey... 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