April price gains may have set a record for setting records and Black Knight, in its Mortgage Monitor for the month, runs them down. The annual rate of price increases , 14.8 percent, was the highest in the company's records dating back to the mid-1990s. Single-family prices rose even higher, 15.6 percent. Condo gains were significantly more restrained at 10 percent. April marked the 17th straight month of home price gains and they continue to accelerate sharply even as affordability is growing tight. Black Knight says before 2021 the largest single month increase was 1.53 percent in April 2004 and pre-2021 month-over-month appreciation exceeded 1.5 percent only two additional times in Black Knight's records (May 2004, and April 2005.) Price increases have broken through that barrier in each

June 9, 2021 Download our Mobile App: Download our Mobile App: Rob Chrisman Title, Recruiting, MLO Jobs; Email, Training, AI, Lead, AMC Products; Wholesaler News; Rates Continue to Slide I hope that Google never shuts down. I know six, maybe seven, things. I know that the President’s plane was delayed seven hours this morning due to cicadas. Another thing I know is that Freddie spelled out its graduated cap on non-owner and 2 n... (read more) Housing News Lack of Homes for Sale Could Eventually Curb Affordability Constraints April price gains may have set a record for setting records and Black Knight, in its Mortgage Monitor for the month, runs them down. The annual rate of price increases , 14.8 percent, was the highest in the company's records dating back to the mid-19... (read more) Housing News Early State Delinquencies Drop Below Pre-COVID Levels The nation's mortgage delinquency rate is inching closer to its pre-pandemic level as early stage delinquencies improve. CoreLogic says that in March of this year 4.9 percent of all mortgages were 30 days or more past due, including loans in foreclos... (read more) Mortgage Rates Mortgage Rates Treading Water, Waiting For Motivation 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 MBS Live Recap: Strong 10yr Auction Reinforces Friendly Trend UMBS 30YR 5.5 99.68 +0.04 Price / Yield Change MBS UMBS 5.5 99.68 +0.04 UMBS 6.0 101.47 +0.04 GNMA 5.5 99.89 +0.03 GNMA 6.0 101.38 +0.03 Pricing as of: 7/7 6:42AM EST 10 Year US Treasury 4.3497 +0.0030 Price / Yield Change US Treasury 2 YR Treasury 3.868 -0.015 5 YR Treasury 3.928 -0.009 7 YR Treasury 4.121 -0.004 10 YR Treasury 4.351 +0.004 30 YR Treasury 4.881 +0.017 Pricing as of: 7/7 6:42AM EST Latest Video Don't expect to recover number of jobs lost to pandemic until 2022: Economi... The 9am Bond Report - June 9, 2021 Small business labor issues are concerning, says SoFi's Liz Young Why the latest jobs data doesn't make sense Around the Web Reuters U.S. senators pursue infrastructure plan without tax hikes Calculated Risk Blog Houston Real Estate in May: Sales Up 56% YoY, Inventory Down 41% YoY Calculated Risk Blog Housing and Demographics: The Next Big Shift Fannie Mae Housing Insights: Housing Poised to Become Strong Driver of Inflation CNBC European Central Bank expected to keep stimulus flowing despite inflation concerns zerohedge.com Contrarian Take on Fed's Current Policy Stance Reuters Bond yields hit fresh 1-month low as taper bets recede CNBC Treasury yields ebb lower as investor focus turns to inflation data CNBC Lumber executive sees further relief in sky-high prices, says delaying building projects makes sense Calculated Risk Blog North Texas Real Estate in May: Sales Up 30% YoY, Inventory Down 62% YoY Calculated Risk Blog Las Vegas Real Estate in May: Sales up 98% YoY, Inventory down 66% YoY Zillow U.S. Movers are Reshuffling into Larger, More-Affordable Homes Calculated Risk Blog Northwest Real Estate in May: Sales up 57% YoY, Inventory down 47% YoY

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