The third major home price index released January data released on Monday and it became the third to post a deceleration in the rate of price appreciation. Black Knight Financial Services said that prices in January increased from January 2016 by 5.4 percent. Year-over-year increases had averaged of 5.75 percent over the fourth quarter of 2016. From December to January the Black Night Home Price Index (HPI) was up 0.1 percent, the same increase as from November to December, however in each of the previous two months the increase was 0.2 percent and monthly increases averaged 0.52 percent for all of 2016. The January HPI was $266,000 . This was only 0.3 percent below the peak price level reached nationally in June 2006 and is 33.6 percent above the 2012 price trough New York State again led

March 27, 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 27, 2017 Mortgage Rates in Holding Pattern Until Healthcare Vote Fri, Mar 24, 2017 3:22PM While some lenders were slightly better or worse versus yesterday, mortgage rates were unchanged on average today. This isn't much of surprise considering yesterday's much-anticipated healthcare vote never happened. It's rumored to occur this afternoon, but markets won't have much time to react before closing for the weekend. If you need to get caught up with the healtchare news and the mortgage rate implications, check out yesterday's article . The bottom line of all this political drama is that it's not about healthcare! It's about investor confidence in the Trump administration's other poli... (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: Markets to Congress: That's It? Mon, Mar 27, 2017 10:08AM The biggest questions for Monday comes from financial markets and is directed towards politicians in Washington.  Are we done obsessing over the healthcare vote?  Was that a true "postponement," or are you simply moving on?  If the hea... (read more) MBS Live Recap: Bonds Fizzle as Week Ends Without Healthcare Vote Fri, Mar 24, 2017 4:37PM More than a few bond bulls out there (those are folks who want rates to go lower!) were eager for the vote to take place on the healthcare bill that drew most of the market's attention this week.  They figured one of two things would happen.  Most likely, there weren't enough votes for the bill to pass.  It would fail, and that would be grea... (read more) MBS Price Change UMBS 5.0 99.73 -0.04 UMBS 5.5 101.26 -0.03 UMBS 6.0 102.50 -0.04 GNMA 5.0 100.04 -0.03 GNMA 5.5 101.20 +0.02 GNMA 6.0 102.15 -0.04 Pricing as of: 9/8 10:31PM EST US Treasury Yield Change 2 YR Treasury 3.496 +0.009 5 YR Treasury 3.571 +0.009 7 YR Treasury 3.776 +0.008 10 YR Treasury 4.048 +0.009 30 YR Treasury 4.699 +0.009 Pricing as of: 9/8 10:31PM EST Other News More Evidence For Decelerating Home Price Gains Mon, Mar 27, 2017 11:12AM The third major home price index released January data released on Monday and it became the third to post a deceleration in the rate of price appreciation. Black Knight Financial Services said that prices in January increased from January 2016 by 5.4 percent. Year-over-year increases had averaged of 5.75 percent over the fourth quarter of 2016. From December... (read more) 2016 Cash and Distressed Sales Totals Hit Nine-Year Lows Fri, Mar 24, 2017 10:51AM The share of homes sold for cash fell to the lowest level in nearly a decade in full-year 2016. CoreLogic said that 32.1 percent of all home sales in the 12-month period ending in December closed without benefit of a mortgage. This was a decrease of 2.2 percentage points from the 2015 share. The previous low point for such sales was in 2007 when cash sales a... (read more) Trends in Credit Underwriting - Freddie Addresses Lack of Scores; M&A in the Appraisal Biz Mon, Mar 27, 2017 11:06AM This week involves a fair amount of cross-country travel for me (California, Washington DC, Florida, and Utah), and as it turns out Wells Fargo is the first major US bank to roll out card-less ATMs across the country, allowing customers to withdraw money using their smartphone and a code. (Yes, another code to remember.) Do you think using an LOS (loan origi... (read more) Latest Video Pres. 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Calculated Risk Blog Black Knight: House Price Index up 0.1% in January, Up 5.4% year-over-year Market Watch Market Extra: Trump disappointment trade is now in full swing' analysts on global stock selloff Calculated Risk Blog Fed: Q4 Household Debt Service Ratio Very Low CNN Investors yank $8.9 billion from U.S. stocks, most in 9 months Bloomberg The Markets Don't Care About Health Care as Long as They Get Their Tax Cut

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