Will appraisals soon need to indicate a home's driving distance to the nearest cold-brew drive-through? Could be. According to a new study by the Harvard Business School, when an outlet for Starbucks opens in a community, home prices in that ZIP code rise by 0.5 percent within one year. The information emerged from a larger study on gentrification which was conducted using census data as well as data from Yelp . The study's authors say that Yelp may be a potential new tool for policymakers to monitor gentrification, the process of rebuilding homes and businesses in an area followed by an influx of more affluent residents. As this is often at the expense of earlier, often less well-off residents, it tends to be a volatile subject. The researchers say one big issue is the lack of consistent data

September 5, 2018 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.29% +0.01%   6.11% 7.26% 15 Yr. Fixed 5.69% +0.04%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Sep 5, 2018 Mortgage Rates Highest in Nearly a Month Wed, Sep 5, 2018 3:58PM Mortgage rates have only been moving higher gradually , but things are adding up . Today's move brings them to the highest levels in nearly a month. In recent weeks, I've made it a point to qualify the actual pace of the movement by drawing a distinction between actual interest rates and the upfront costs associated with those rates. Because mortgage lenders tend to offer rates in 0.125% increments , it takes a certain amount of market movement before the average loan applicant would see a change in their quoted rate. But bond markets are moving every day. Upfront costs allow lenders a way to ... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.29% +0.01 0.00 15 Yr. Fixed 5.69% +0.04 0.00 30 Yr. FHA 5.98% +0.04 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.68% +0.06 0.00 30 Yr. VA 6.00% +0.05 0.00 Updates Daily - Last Update: 9/9 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 5.5 101.06 -0.22   97.47 101.61 UMBS 30YR 6.0 102.36 -0.18   99.66 102.50 10 YR Treasury 4.082 +0.043   3.621 4.780 MBS Live Day Ahead: Light Data Gives Bonds Chance to Show Hand Wed, Sep 5, 2018 8:54AM Some economic reports matter when it comes to bond market movement potential, and many don't.  The tricky thing about econ data is that reports that HAVE had an impact in the past can easily get caught up in a newfound cycle of irrelevance.&nb... (read more) MBS Live Recap: Burden of Proof Shifts to Bond Bulls Wed, Sep 5, 2018 4:45PM The first two trading days of September introduce a somewhat serious threat to the calm, sideways range that dominated the past 3 weeks.  Granted, the rate spike in late July introduced a similar threat to the similar sideways range and we lived to tell the tale, but the bond bulls definitely made a weaker showing this time.  10yr yields only spe... (read more) MBS Price Change UMBS 5.0 99.43 -0.35 UMBS 5.5 101.06 -0.22 UMBS 6.0 102.36 -0.18 GNMA 5.0 99.73 -0.34 GNMA 5.5 101.04 -0.15 GNMA 6.0 101.99 -0.19 Pricing as of: 9/9 5:36PM EST US Treasury Yield Change 2 YR Treasury 3.553 +0.066 5 YR Treasury 3.612 +0.050 7 YR Treasury 3.812 +0.044 10 YR Treasury 4.082 +0.043 30 YR Treasury 4.721 +0.031 Pricing as of: 9/9 5:36PM EST Other News Yelp Reviews Helping Home Prices? Wed, Sep 5, 2018 4:32PM Will appraisals soon need to indicate a home's driving distance to the nearest cold-brew drive-through? Could be. According to a new study by the Harvard Business School, when an outlet for Starbucks opens in a community, home prices in that ZIP code rise by 0.5 percent within one year. The information emerged from a larger study on gentrification which was ... (read more) Pre-Holiday Mortgage Applications Dip Slightly, Rates Flat Wed, Sep 5, 2018 8:14AM Purchase applications increased slightly during the week ended August 31, but overall mortgage activity fell slightly according to the Mortgage Bankers Association (MBA). Its Market Composite Index, a measure of application volume, was down 0.1 percent on a seasonally adjusted basis compared to the prior week. On an unadjusted basis the index lost 2.0 percen... (read more) Referral Product; Broker and LO Events; Vendor News - Blockchain and Deeds Wed, Sep 5, 2018 9:11AM If we’ve learned anything in the last ten years, it’s rarely a good thing when a lender is the focus of a story in the mainstream press, and this is no exception: “CashCall stopped making loans, but its founder, targeted by regulators, is still in the business” states the headline in a story about John Paul Reddam’s business int... 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