The shrinking rate of home price increases that has headlined the price data from most sources for months may have ended, at least according to CoreLogic Home Price Index (HPI), and the company is seeing more aggressive appreciation in the future . The HPI for May increased by 3.6 percent on an annual basis, up from a 3.5 percent gain in April. The month-over-month change was 0.9 percent. Frank Nothaft, CoreLogic's chief economists said, " Interest rates on fixed-rate mortgages fell by nearly one percentage point between November 2018 and this May. This has been a shot-in-the-arm for home sales . Sales gained momentum in May and annual home-price growth accelerated for the first time since March 2018." The states with the highest increases were Idaho, up 10.7 percent and Utah with a 7.8 percent

July 2, 2019 Download our Mobile App: Download our Mobile App: Housing News Lower Interest Rates are Helping Home Prices, Sales The shrinking rate of home price increases that has headlined the price data from most sources for months may have ended, at least according to CoreLogic Home Price Index (HPI), and the company is seeing more aggressive appreciation in the future . T... (read more) Mortgage Rate Watch Mortgage Rates Edging Lower Ahead of Potential Volatility Mortgage rates moved down today by varying amounts depending on the lender. In some cases, lenders weren't offering much of an improvement over yesterday. Those lenders are more likely to improve tomorrow, or at least we can say they'll be starting w... (read more) Rob Chrisman Controller and LO Jobs; Recruiting, Training Products; VA, FHA Industry Shifts This weekend I helped my son change apartments in San Francisco, and all over were billboards for ZeroDown.com : “Smartest Way to Buy a Home.” And if there is one market where a help system is needed, that would be the Bay Area. One must ... (read more) Housing News Prepayments and Refinancing Reflect a Friendly Falling Rate Environment May mortgage performance data indicates that the mortgage finance industry might consider shifting priorities for a while. Black Knight, in the current edition of its Mortgage Monitor, points to the heavy prepayment risk for especially for adjustable... (read more) Housing News Single-Family Construction Spending Gets Hit Hard, Down From Last Year Construction spending in May, dipping 0.8 percent compared to April's seasonally adjusted annual rate of $1.304 trillion to $1.294 trillion. On an annual basis, overall spending is down 2.3 percent on an annual basis and residential spending is off 1... (read more) MBS Commentary MBS Live Recap: With Shorter Lines, Bonds Get More Time on Favorite Rides In the amusement park that is financial markets, each asset class has a few favorite rides.  When the place is packed, it's tough for any given asset class to take too many turns on any given ride within a certain amount of time.   A b... (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: 7/6 3:24AM 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: 7/6 3:24AM EST Latest Video January new home sales drop nearly 7% Bank of America CEO: Loan demand showing consistent growth UK parliament votes on options to delay Brexit January new home sales fall short of expectations, down 6.9 percent Around the Web Reuters Oil dives 4% on demand worries even as OPEC, allies extend cuts Brookings Institution Housing affordability and quality create stress for Heartland families CNBC A trend in housing is seen as 'consistent with a late 2019 or early 2020 recession' The Basis Point Homebuyers got excited and gave the edge back to sellers Bloomberg A Lagarde-Run ECB Might Mean a Very Different Kind of Presidency Reuters EU leaders agree on France's Lagarde to lead ECB Calculated Risk Blog The Longest Expansions in U.S. History CNBC If you see this while shopping for a new home, run Bloomberg Fed Rate Watch, Trade-War Pain, Fresh Tariffs, ECB Wait: Eco Day CNBC IMF's Lagarde in the running to replace Draghi at the ECB CNBC Treasury yields move lower as investors await economic data, Fed speeches Redfin Supply of Homes for Sale Down 0.3 Percent in June, First Annual Decline in 10 Months CNBC Trump says renewed trade talks with China are 'already underway'

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