Annual price increases in September were quite literally off the charts . Both the S&P CoreLogic Case-Shiller National Index and the Housing Market Index from the Federal Housing Finance Agency (FHFA) recorded annual appreciation of at least 7 percent. The Case-Shiller National Index, which covers all nine U.S. census divisions, reported a 7.0 percent annual gain in September, up from the August increase of 5.8 percent. The National Index posted 1.2 percent month-over-month growth before seasonal adjustment and 1.4 percent afterward. As has been the case since the beginning of the pandemic, housing data from Wayne County, Michigan where Detroit is located has been insufficient to include the city in the indices. The 10-City Composite annual increase came in at 6.2 percent and the 20 City

November 24, 2020 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 Nov 24, 2020 Mortgage Rates Start New Week Slightly Higher Mon, Nov 23, 2020 5:01PM Everything is relative when it comes to following day-to-day movements in mortgage rates . Yes, they're technically higher than they were on Friday afternoon, but they're still lower than just about any other day... ever. Most prospective borrowers will see very little difference from last week. On average, the actual interest rate itself (aka, the "note rate") is unchanged, in fact. It's only when we get more granular and look at the closing cost side of the equation that rates got higher. So if the note rate is the same as it was on Friday, why am I telling you rates are higher? Rates are ty... (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 +0.13   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 Recap: Modest Weakness Persists as Markets Rotate Back Toward Risk Tue, Nov 24, 2020 4:44PM Modest Weakness Persists as Markets Rotate Back Toward Risk Whether we want to pin the blame on Trump's willingness to begin the transition of power or Yellen being named as Biden's Treasury Secretary yesterday, stocks and bonds have both been doing more to move in a "risk-on" direction over the past 2 days.  Ye... (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 September Home Price Gains Blow Away Forecasts Tue, Nov 24, 2020 11:14AM Annual price increases in September were quite literally off the charts . Both the S&P CoreLogic Case-Shiller National Index and the Housing Market Index from the Federal Housing Finance Agency (FHFA) recorded annual appreciation of at least 7 percent. The Case-Shiller National Index, which covers all nine U.S. census divisions, reported a 7.0 percent an... (read more) Pandemic Causing Almost Half of Americans to Consider a Move Mon, Nov 23, 2020 1:39PM A recent survey by Lending Tree found that nearly half of Americans are thinking about moving in the not-to-distant future and it appears that the COVID-19 pandemic may be at least part of their motivation. Crissinda Ponder writes that the health crisis has affected nearly every aspect of daily life, and with 11 million Americans unemployed, residents make a... (read more) Delinquencies Fell in October, but Still Nearly Double Those Last Year Mon, Nov 23, 2020 10:07AM Black Knight, in its "first look" at the month's loan data, says that mortgage delinquencies improved for the fifth consecutive month in October. The national delinquency rate fell another 3.3 percent from September to 6.44 percent, the lowest rate since last March. There were 3.437 million mortgages nationwide that were 30 or more days past due but not in f... (read more) CTO, MLO, Ops Jobs Across the Country; Customer Service, eSignature Tools; MLO Yield Curve Primer Tue, Nov 24, 2020 10:59AM Remember when you drove to work every day? For non-mortgage kicks, here’s a site where you can take a virtual drive through dozens of cities around the world, setting the speed of the vehicle, street noise, and local radio station. (Just click on the city in the list on the right to see what that city is like.) I don’t live in a big city. In fact... (read more) Latest Video Market is reacting to news we're finally moving on in the transition proces... Covid-induced demand in housing spikes prices Janet Yellen transcends politics, says Wells Fargo's Mike Mayo The 9 a.m. Bond Report: November 24, 2020 Around the Web NAR - Realtor.com Fannie, Freddie Overseer Looks to End Federal Control Before Trump Leaves Calculated Risk Blog Real House Prices and Price-to-Rent Ratio in September NPR Dow Surges Past 30,000 For First Time In Historic Milestone Calculated Risk Blog Note: November Employment Report Will Show a Decrease of 93,000 Temporary Census Workers Brookings Institution What's next for the Treasury-Fed COVID-19 lending facilities? CNBC Home prices see biggest spike in 6 years in September, according to S&P Case Shiller NAHB Eye on Housing Multifamily Built-for-Rent Share: 96% CNBC Student loan forgiveness may come with a tax bomb. How lawmakers might fix it CNBC Treasury yields rise as Biden transition process begins FHFA FHFA Announces Conforming Loan Limits for 2021 Calculated Risk Blog Chicago Fed National Activity "Index Suggests Economic Growth Increased in October" CNBC Economists are calling for more stimulus checks. Here's where assistance plans stand CNBC Retail trade group forecasts holiday sales rising 3.6% to 5.2%

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