For the sixth consecutive month , the CoreLogic Home Price Index (HPI) increased on an annual basis by a greater degree than it had in the previous month. The HPI for November 2016 indicates that there was a 7.1 percent appreciation in home prices nationally when compared to November 2015. The year-over-year increase in reported by CoreLogic for January 2016 was 6.9 percent. It then ticked down steadily until June and an annual gain of 5.7 percent. Since then the increases have accelerated with the change from October to November the largest to date at 0.04 percentage point. On a month-over-month basis the gain from October to November was 1.1 percent . This is the same increase that has been posted in each of the last six months. Annual appreciation was highest again in Oregon, Washington

January 3, 2017 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 Jan 3, 2017 Mortgage Rates Slightly Lower to End 2016 Fri, Dec 30, 2016 12:27PM Mortgage rates moved lower for a 3rd consecutive day to end 2016, bringing them to the lowest levels in more than 3 weeks for many lenders. December 8th was the last time rates were lower. As of yesterday, 4.25% regained the status of the "most prevalent" conventional 30yr fixed quote on top tier scenarios. Quite a few lenders remain at 4.375% and a scant few are down to 4.125%. While this is all good news in the context of the past few weeks, 2016 nonetheless ends with one of the worst 2-month losing streaks in the history of mortgage rates. Specifically, the 5 weeks following the election we... (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 5.5 101.17 -0.11   97.47 101.61 UMBS 30YR 6.0 102.48 -0.06   99.66 102.50 10 YR Treasury 4.073 +0.034   3.621 4.780 MBS Live Week Ahead: New Year Begins With Gains Fading; NFP Friday Tue, Jan 3, 2017 8:42AM NOTE: This paragraph will be at the top of the Day Ahead for a few weeks.  Once you've read it, feel free to skip it.  The Day Ahead has long been my venue to offer deep thoughts with a mix of big-picture and near-term technical considerati... (read more) MBS Price Change UMBS 5.0 99.55 -0.23 UMBS 5.5 101.16 -0.12 UMBS 6.0 102.47 -0.07 GNMA 5.0 99.90 -0.17 GNMA 5.5 101.13 -0.05 GNMA 6.0 102.06 -0.12 Pricing as of: 9/9 12:01PM EST US Treasury Yield Change 2 YR Treasury 3.533 +0.045 5 YR Treasury 3.600 +0.038 7 YR Treasury 3.804 +0.036 10 YR Treasury 4.076 +0.037 30 YR Treasury 4.727 +0.037 Pricing as of: 9/9 12:01PM EST Other News Prices Jump Most in 2 Years -CoreLogic Tue, Jan 3, 2017 9:40AM For the sixth consecutive month , the CoreLogic Home Price Index (HPI) increased on an annual basis by a greater degree than it had in the previous month. The HPI for November 2016 indicates that there was a 7.1 percent appreciation in home prices nationally when compared to November 2015. The year-over-year increase in reported by CoreLogic for January 2016... (read more) Construction Picked up Pace as Year-End Neared Tue, Jan 3, 2017 10:58AM Perhaps construction spending is finally emerging from the doldrums where it has lingered for months. For the second month in a row the Census Bureau reports an uptick in total spending and in its publicly and privately funded components. Total construction spending posted a 0.9 percent gain in November to a seasonally adjusted annual rate of $1.18 trillion ... (read more) CFPB Thoughts; Credit Suisse Settles; F&F Changes; Company Fined For a Boat Cruise? Tue, Jan 3, 2017 9:34AM (Yes, a paragraph of pure fluff to start the year.) Does anyone handwrite checks anymore? Always a struggle to remember “2017” instead of “2016.” And here’s a story about twins being born in separate years . With the change in year it is good to know that Saudi Arabia is adopting the Gregorian calendar - the one we, and most of ... (read more) Updates on 2nds; Pricing/Fee Changes; United Shore Settles with DOJ on FHA violations Fri, Dec 30, 2016 9:15AM Overheard: “I have a feeling that my ‘check liver’ light may come on this weekend.” I guess drinking helps some people forget, and it’s been a rough week for celebrity deaths with George Michael, Carrie Fisher, Debbie Reynolds, and now…Pan Pan. The world's oldest male panda has died in China aged 31. His more than 130 des... (read more) Latest Video Luxe real estate bubble set to burst? Oil hits highest level in 18 months This 36-year bull market is over: Yamada Around the Web freddiemac.mwnewsroom.com Freddie Mac Announces Final ACIS Transaction of 2016 Gallup U.S. Economic Confidence Reaches Record High in December CNBC Day 1 of a new Congress, and it's already messy Bloomberg What'd You Miss in Markets Over the Holidays? Calculated Risk Blog ISM Manufacturing index increased to 54.7 in December CNBC US construction spending hits more than 10 year high in November Bloomberg Wall Street, America's New Landlord, Kicks Tenants to the Curb CoreLogic CoreLogic US Home Price Report Shows Prices Up 7.1 Percent in November 2016 CNBC Trump's 'first date' with markets went well, now it's time for the second, says Wells Fargo's Silvia CNBC Here's what will happen when millions of jobs are lost to robots The Atlantic 2016: A Year Defined by America's Diverging Economies Calculated Risk Blog Fannie Mae: Mortgage Serious Delinquency rate increased in November Bloomberg Great Rotation: Is the Bull Market in Bonds Over? - Bloomberg

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