Home price increases reported by Black Knight Financial Services based on November home sales were little changed from those reported for October. The company said its nationwide Home Price Index (HPI) rose 0.2 percent from October, identical to the September-October change, and were 5.7 percent higher than in November 2015 . The year-over-year increase in November was 5.6 percent. The HPI now stands at $267,000. Prices are also up 5.7 percent from the beginning of 2016. This increase brings U.S. home prices to within 0.3 percent of a new national price peak . Six of the 20 largest U.S. states and eight of its largest metropolitan areas established new price peaks during the month. New York continues to lead all states in home price appreciation, growing 1.1 percent for the month. New Jersey

January 30, 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 30, 2017 Mortgage Rates End Week Unchanged Fri, Jan 27, 2017 3:34PM Mortgage rates fell today, undoing enough of this week's damage to return precisely to levels seen last Friday. In simpler terms, rates ended the week 'unchanged.' That's not for lack of volatility during the week! 4 out of the 5 days saw bigger-than-average moves. Tuesday and Wednesday alone pushed rates more than an eighth of a point higher. But Friday and Monday's improvements were enough to offset the weakness. Rates benefited from this morning's economic data. Specifically, the first reading on Q4 GDP was weaker than expected . Weaker economic data tends to push rates and stock prices low... (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 +0.13   97.47 101.61 UMBS 30YR 6.0 102.53 +0.05   99.66 102.53 10 YR Treasury 4.048 -0.039   3.621 4.780 MBS Live Week Ahead: Action-Packed Calendar of Data and Events Mon, Jan 30, 2017 9:04AM Another week in early 2017, another chance for bond markets to defend the rate ceiling set in late 2016(around 2.64% in 10yr yields) or strive for the rate floor (roughly 2.30%) .  Defending the ceiling seems like a bigger threat given the est... (read more) MBS Live Recap: Bonds Bounce Back After Weaker Data Fri, Jan 27, 2017 4:37PM It was a fairly one-dimensional day for bond markets, and indeed, markets in general.  Despite moderate strength in European bond markets overnight, US Treasuries remained unwilling to break below yesterday afternoon's lowest yields.  Slight gains in equities futures didn't seem to be helping.   The tone changed after the morning's relea... (read more) MBS Price Change UMBS 5.0 99.72 +0.25 UMBS 5.5 101.25 +0.13 UMBS 6.0 102.53 +0.05 GNMA 5.0 100.03 +0.21 GNMA 5.5 101.18 +0.05 GNMA 6.0 102.13 0.00 Pricing as of: 9/8 4:29PM EST US Treasury Yield Change 2 YR Treasury 3.499 -0.019 5 YR Treasury 3.572 -0.017 7 YR Treasury 3.776 -0.024 10 YR Treasury 4.047 -0.040 30 YR Treasury 4.691 -0.079 Pricing as of: 9/8 4:29PM EST Other News Black Knight Price Gains Remain Stable Mon, Jan 30, 2017 10:54AM Home price increases reported by Black Knight Financial Services based on November home sales were little changed from those reported for October. The company said its nationwide Home Price Index (HPI) rose 0.2 percent from October, identical to the September-October change, and were 5.7 percent higher than in November 2015 . The year-over-year increase in N... (read more) Pending Sales End Year on High Note Mon, Jan 30, 2017 10:08AM Pending home sales recovered from the reported 2.5 percent downturn they took in November, posting an increase of 1.6 percent in December. The National Association of Realtors® (NAR) said its Pending Home Sales Index (PHSI) which is based on contracts to purchase existing homes, increased to 109.0 in December from 107.3 t he previous month. The uptick pu... (read more) Home Point Puys Stonegate; Citi Bails on Servicing Biz; Demographics Helping Lenders Mon, Jan 30, 2017 10:04AM I certainly am hearing some dire numbers from appraisers out there – like their business, which kind of gets the ball rolling for a loan so could be considered a leading indicator, is down upwards of 50%. Let’s hope it’s a temporary blip. What if your appraisal was off by a couple mil? Rocker Stevie “Guitar” Miller may have some... 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