With home prices nearly back to where they were when the housing crisis began, CoreLogic's principal economist Molly Boesel compares the duration of the recent cycle to those of other downturns. While there hasn't been a comparable period of performance nationwide, she looks at several regional ones. After hitting peak in 2006, the national price level fell for five years , finally reaching bottom in March 2011. Most other sources set the date for the bottom of the market to exactly a year later which may indicate they are using inflation adjusted numbers. From peak to trough, prices fell 33 percent nationally. As of July 2017, CoreLogic data shows prices were approximating the 2006 level. Boesel compares these numbers to those of the Texas oil bust in the mid-1980's which resulted in a 16

October 12, 2017 Download our Mobile App: Download our Mobile App: Housing News Comparing Housing Booms and Busts With home prices nearly back to where they were when the housing crisis began, CoreLogic's principal economist Molly Boesel compares the duration of the recent cycle to those of other downturns. While there hasn't been a comparable period of performa... (read more) Housing News MBA Predicts Plunge in New Home Sales; Hurricanes Blamed The Mortgage Bankers Association (MBA) is forecasting that a significant decline in new home sales occurred last month. However, like much of the other September housing data that has been released so far, it appears that Hurricanes Harvey and Irma a... (read more) Rob Chrisman HMDA Dashboard; Upcoming Training; UCD News The driving force of housing prices is supply and demand, and the demand is increasing. In the Bay Area, and for hundreds of miles north, the smoke is everywhere, reminding one of the 23 (and counting) who perished and 3,500 (and counting) houses and... (read more) MBS Commentary MBS Live Day Ahead: Still Waiting For The Trading Week to Start (Tomorrow) CPI, CPI, CPI... The "Consumer Price Index" is the one thing on this week's economic calendar that stood out as a top tier potential market mover.  After a few revisions, the lowest-in-years reading of 1.6% for "Core CPI" became 1.7% in Jun... (read more) Mortgage Rate Watch Mortgage Rates Stay Stubborn Mortgage rates haven't done much over the past few days, with the average lender offering substantially similar quotes every day in October. Depending on your perspective, that could be good or bad. On the positive side, the lack of movement means th... (read more) MBS Commentary MBS Live Recap: Well? Get On With It! "Well?  Get on with it!"   That about sums up what the average bond market watcher was thinking at the end of September--and possibly again after today's trading session.  At the end of September, a run toward higher yields res... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.75% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.75% +0.02 0.00 15 Yr. Fixed 5.98% +0.01 0.00 30 Yr. FHA 6.27% +0.02 0.00 30 Yr. Jumbo 6.85% +0.01 0.00 7/6 SOFR ARM 6.32% -0.01 0.00 30 Yr. VA 6.29% +0.03 0.00 Updates Daily - Last Update: 7/3 15 Yr. Fixed Rate 5.98% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.67% -0.10 0.00 15 Yr. Fixed 5.80% -0.09 0.00 Updates Weekly - Last Update: 7/3 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.79% -0.09 0.62 15 Yr. Fixed 6.06% -0.05 0.67 30 Yr. Jumbo 6.78% -0.10 0.40 Updates Weekly - Last Update: 6/26 MBS / Treasuries UMBS 30YR 5.5 99.64 -0.20 Price / Yield Change MBS UMBS 5.5 99.64 -0.20 UMBS 6.0 101.43 -0.13 GNMA 5.5 99.86 -0.11 GNMA 6.0 101.34 -0.06 Pricing as of: 7/3 5:51PM EST 10 Year US Treasury 4.3467 +0.0669 Price / Yield Change US Treasury 2 YR Treasury 3.883 +0.095 5 YR Treasury 3.937 +0.070 7 YR Treasury 4.125 +0.068 10 YR Treasury 4.347 +0.067 30 YR Treasury 4.863 +0.055 Pricing as of: 7/3 5:51PM EST Latest Video SunTrust managing director: Risk impacting Equifax's business model has rec... Equifax investigating another potential hack Fed Governor Jerome Powell: Monetary policy should continue to be gradual Around the Web Calculated Risk Blog Hotel Occupancy Rate increases YoY, Just behind Record Year CNBC Ex-Treasury Secretary Summers: White House tax plan 'indefensible' Freddie Mac Mortgage Rates Jump Up CNBC Hacked again? Equifax shares drop after possible new cyberbreach Reuters Equifax takes down web page after reports of new hack Reuters Bullard: Fed 'should defend' inflation target, risks losing credibility otherwise Market Watch The Fed: Bernake proposes Fed adopt temporary' price-level targeting to combat next recession Federal Reserve Brainard, Rethinking Monetary Policy in a New Normal Federal Reserve Federal Reserve to offer seven-day term deposits on October 19 Freddie Mac Mortgage Rates Jump Up Brookings Institution Temporary price-level targeting: An alternative framework for monetary policy bkfs.com Black Knight Launches the Servicing Analytics Suite, a Powerful and Unique Solution to Help Mortgage Servicers More Effectively Manage Risk Market Watch Bond Report: Treasury yields tip lower ahead of jobless claims, producer prices

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