The superlatives are getting tired - historic, record setting - but they have to come into play again with the March home price gains. A spokesperson for S&P CoreLogic Case-Shiller called the annual gains in those indices the highest in 15 years while the Federal Housing Finance Agency (FHFA) said the growth in its data was more than twice that posted a year earlier. The Case-Shiller National Home Price Index increased at an annual rate of 13.2 percent in March, 1.2 point higher than the annual rate in February. The 10-City Composite Index rose 12.8 percent compared to 11.7 the prior month while the increase in the 20-City Composite was 13.3 percent, up from 12.0 percent. On a month-over-month basis, the National Index rose 1.5 percent on a seasonally adjusted basis and 2.0 percent unadjusted

May 28, 2021 Download our Mobile App: Download our Mobile App: Rob Chrisman MBA, U/W, AE, Construction Lending Jobs; Multimedia, Jumbo, Warehouse, Rental Products; Lenders React to GSE Changes Traffic is already bad out there! Here’s a sign on a beekeeper’s truck: “If you see me running, things have gone poorly, and you should run too.” Life throws us plenty of surprises, and has plenty of non-mortgage stuff. Thank ... (read more) Housing News Home Price Gains Continue to Break Records The superlatives are getting tired - historic, record setting - but they have to come into play again with the March home price gains. A spokesperson for S&P CoreLogic Case-Shiller called the annual gains in those indices the highest in 15 years ... (read more) Housing News New Home Sales in April Approached1 Million Units, Just Missing Expectations Sales of newly constructed homes gave back some of their March gains last month, declining 5.9 percent to a seasonally adjusted annual rate of 863,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development. A surge i... (read more) Mortgage Rates Mortgage Rates Drift Down to 2-Week Lows 30 Yr. Fixed Rate 6.93% +0.04% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.93% +0.04 0.00 15 Yr. Fixed 6.18% +0.04 0.00 30 Yr. FHA 6.44% +0.06 0.00 30 Yr. Jumbo 6.97% +0.02 0.00 7/6 SOFR ARM 6.37% +0.13 0.00 30 Yr. VA 6.45% +0.05 0.00 Updates Daily - Last Update: 6/6 15 Yr. Fixed Rate 6.18% +0.04% Rate Change Points Freddie Mac 30 Yr. Fixed 6.85% -0.04 0.00 15 Yr. Fixed 5.99% -0.04 0.00 Updates Weekly - Last Update: 6/5 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.92% +0.06 0.69 15 Yr. Fixed 6.21% +0.09 0.72 30 Yr. Jumbo 6.94% +0.09 0.72 Updates Weekly - Last Update: 5/21 MBS / Treasuries MBS Live Recap: Decent Gains Despite Hotter Inflation Data UMBS 30YR 5.5 98.64 -0.34 Price / Yield Change MBS UMBS 5.5 98.61 -0.37 UMBS 6.0 100.77 -0.23 GNMA 5.5 98.98 -0.31 GNMA 6.0 100.85 -0.12 Pricing as of: 6/6 1:48PM EST 10 Year US Treasury 4.4907 +0.0962 Price / Yield Change US Treasury 2 YR Treasury 4.036 +0.115 5 YR Treasury 4.113 +0.115 7 YR Treasury 4.296 +0.105 10 YR Treasury 4.490 +0.096 30 YR Treasury 4.946 +0.074 Pricing as of: 6/6 1:48PM EST Latest Video The 2pm Bond Report - May 28, 2021 Builders can't raise prices fast enough, says analyst Chicago PMI comes in at 75.2 in May versus 68 expected The 9am Bond Report - May 28, 2021 Around the Web Redfin Housing Market Update: Over Half of Homes Are Selling Above List Price, Up From 1 in 4 a Year Ago National Associattion of Realtors April 2021 Pending Home Sales Dip With Fewer Homes Available Reuters Pent-up demand, shortages fuel U.S. inflation Calculated Risk Blog Q2 GDP Forecasts: Around 10% Reuters U.S. consumer sentiment declined in May Calculated Risk Blog Black Knight: Number of Homeowners in COVID-19-Related Forbearance Plans Increased CNBC A key U.S. inflation gauge rose 3.1% year over year, higher than expected CNBC Job searches jumped 5% in states cutting unemployment benefits, analysis finds CNBC 10-year Treasury yield holds above 1.61% ahead of inflation data CNBC Fed's Kaplan cites real estate excesses as one reason to start tapering purchases Fannie Mae Consumer Spending Strong While Housing Troubled by Lack of Inventory for Sale CFPB Manufactured Housing Loan Borrowers Face Higher Interest Rates, Risks, and Barriers to Credit, New CFPB Report Finds Reuters Republicans' boost infrastructure counteroffer to $928 billion

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