All-cash sales represented 31.1 of the total home sales recorded in August, according to a CoreLogic report on cash and distressed home sales. This was a decline of 1.5 percentage points from cash sales in August 2015. The company said that, if cash sales continue to decrease at the August rate, they should hit the pre-crisis rate of 25 percent by mid-2019. Cash sales were highest in Alabama with a 44.9 percent share. Other states with elevated cash sales include New York (42 percent), Florida (40.9 percent), Indiana (38.6 percent) and Kansas (38 percent). Cash transactions peaked in January 2011 at 46.6 percent of all home sales, and at approximately the same time sales of lender-owned real estate typically made up around 27 percent of the home sales market. While cash still accounts for a

November 22, 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 22, 2016 Mortgage Rates Hold Steady at 17-Month Highs Mon, Nov 21, 2016 5:27PM Mortgage rates called in sick today, effectively doing nothing to move higher or lower from last Friday, on average. For the record, that means some lenders will have improved just slightly while others are in slightly worse shape. In all cases, the movement is relatively small. Average rates remain at the highest levels since July 2015 with 4.125% being the most prevalent conventional 30yr fixed quote on top tier scenarios. It continues to be the case that the financial world must wait for one of two things before rates have a chance of moving back into the mid 3's. We'd either need to see so... (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: Comparing Current Move to Past Instances of "Repricing" Tue, Nov 22, 2016 9:48AM Bond markets have quickly "repriced" their expectations for future inflation and growth based on the potential policy path of the Trump administration.  Past examples of similar "reprices" offer a few clues as to how bad things currently are and... (read more) MBS Live Recap: Bonds Manage to Hold Modest Gains Mon, Nov 21, 2016 6:47PM For the third time in the post-election sell-off, bond markets managed modest gains day-over-day.  Much like the last 2 times (last Tue and Wed), closing levels kept us in significantly weaker territory relative to a few weeks ago.  Rather,... (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 10:29PM EST US Treasury Yield Change 2 YR Treasury 3.495 +0.008 5 YR Treasury 3.570 +0.008 7 YR Treasury 3.775 +0.006 10 YR Treasury 4.048 +0.009 30 YR Treasury 4.699 +0.009 Pricing as of: 9/8 10:29PM EST Other News Distressed Sales at Nine-Year Low Tue, Nov 22, 2016 3:06PM All-cash sales represented 31.1 of the total home sales recorded in August, according to a CoreLogic report on cash and distressed home sales. This was a decline of 1.5 percentage points from cash sales in August 2015. The company said that, if cash sales continue to decrease at the August rate, they should hit the pre-crisis rate of 25 percent by mid-2019. ... (read more) Existing Home Sales Hit 10-year High in October Tue, Nov 22, 2016 11:27AM October existing home sales added to September's rebound, rising to the highest annualized pace in nearly a decade . The National Association of Realtors® (NAR) said sales transactions that include single-family, condo, townhouse, and coop apartments were up 2.0 percent to a seasonally adjusted annual rate of 5.60 million units. This, added to September'... (read more) FHA/VA Lender Changes; Declining Number of Banks; Training/Events Tue, Nov 22, 2016 9:53AM Another day, another settlement. Ally Financial Inc said it agreed to pay $52 million to settle claims made by the U.S. Department of Justice against its former mortgage unit related to alleged misstatements about its residential mortgage-backed securities (RMBSs). The investigations and potential claims were against former unit Residential Capital LLC and i... (read more) Latest Video Harris: Why do they want inflation? 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