The once- epidemic level of underwater properties retreated further into history in 2016 as another 1 million homeowners regained equity in their homes. CoreLogic said on Thursday that 48 million homes, about 93.8 percent of those with a mortgage, now have positive equity. Negative equity peaked at 26 percent of mortgaged residential properties in Q4 2009 based on the company's equity data analysis, which began in Q3 2009. Negative equity, often referred to as being "underwater" or "upside down," applies to borrowers who owe more on their mortgages than their homes are worth. Negative equity can occur because of a decline in home value, an increase in mortgage debt or both. The mortgaged homes that remained in negative territory at the end of the fourth quarter of 2016 numbered 3.17 million

March 9, 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 Mar 9, 2017 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 Day Ahead: Bonds Fight For Consolation Prize: The Horizontal Range Thu, Mar 9, 2017 8:33AM After confirming a breakout from the "consolidation range" (the converging lines tracing the lower highs and higher lows over the past 3 months) yesterday, bonds move on to fight for the consolation prize--a consolidation consolation, if you will. ... (read more) MBS Price Change UMBS 5.0 99.75 +0.28 UMBS 5.5 101.25 +0.13 UMBS 6.0 102.53 +0.05 GNMA 5.0 100.05 +0.22 GNMA 5.5 101.19 +0.06 GNMA 6.0 102.13 -0.01 Pricing as of: 9/8 4:36PM EST US Treasury Yield Change 2 YR Treasury 3.494 -0.024 5 YR Treasury 3.567 -0.022 7 YR Treasury 3.772 -0.029 10 YR Treasury 4.043 -0.044 30 YR Treasury 4.687 -0.082 Pricing as of: 9/8 4:36PM EST Other News One Million Homes Back Above Waterline in 2016 Thu, Mar 9, 2017 11:55AM The once- epidemic level of underwater properties retreated further into history in 2016 as another 1 million homeowners regained equity in their homes. CoreLogic said on Thursday that 48 million homes, about 93.8 percent of those with a mortgage, now have positive equity. Negative equity peaked at 26 percent of mortgaged residential properties in Q4 2009 ba... (read more) Disappearing Jumbo Programs Drag on Credit Access Thu, Mar 9, 2017 11:49AM There was a slight loosening of mortgage credit access in February, as FHA and VA instituted more streamlined documentation requirements for their loans. Access also improved as more investors offered affordable low downpayment mortgages. The Mortgage Bankers Association (MBA) said its Mortgage Credit Availability Index (MCAI) ticked up by 0.4 percent compar... (read more) 'Tis The Season - To Pay Your Mortgage? Thu, Mar 9, 2017 9:47AM In its most recent Mortgage Monitor , Black Knight Financial Services dug deeper into a topic it had raised in an earlier edition, the seasonality of mortgage delinquencies . In its February Monitor the company looked specifically at the role of federal income tax refunds in mortgage cures. The analysis noted that those taxpayers who file in the first two we... (read more) NAR Looks at Generational Buying Patterns Thu, Mar 9, 2017 9:37AM With the decades of attention the Baby Boomers got vis-à-vis their homebuying habits, and all the worry about the same lavished on Millennials for the last few years, the two intervening generations, X and Y, were relatively ignored. Now the National Association of Realtors (NAR) has released a report evaluating generational differences among recent h... (read more) VA IRRRL and Program news; CFPB 2017 Initiatives' Websites Thu, Mar 9, 2017 9:34AM I have my own opinion about reading a book versus watching YouTube videos, given our finite time every day, but this statistic is staggering: The number of hours of content being uploaded to YouTube every minute is four hundred. So, 400 hours of videos are being uploaded every minute! The aggregate amount of time the human race spends watching web videos is ... (read more) Latest Video Draghi: No longer sees urgent deflation risk Draghi: Signs of stronger global economy Fed on track for 3 rate hikes this year: Jeff Saut Around the Web Reuters Draghi told EU leaders to reform before loose policies end - Merkel CNBC Mnuchin calls on Congress to raise debt limit as deadline approaches: Reuters Calculated Risk Blog Fed's Flow of Funds: Household Net Worth increased in Q4 National Housing Conference A message on the budget outlook for housing CNBC Buyer beware: Those picture-perfect flipped homes can be masked money pits Freddie Mac Mortgage Rates Hit 2017 High Reuters U.S. weekly jobless claims rebound from 44-year low CNBC US import prices rose 0.2% in Feb vs. 0.1% increase expected Reuters Bill Gross says investors should not be 'allured' by 'Trump bull market' CNBC Senate Banking Committee to take first step toward modernizing market rules CNBC US job cuts fall to 36,957 amid hiring surge: Challenger CNBC ECB holds interest rates at 0.0 percent Washington Post Trump administration considers $6 billion cut to HUD budget

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