Americans are continuing the trend started at the beginning of the pandemic 19 months ago, seeking larger homes in areas with lower density and prices continue to skyrocket for unattached dwellings in those areas. That's not to say that price gains are moderating in other areas as demand outstrips supply. The company's Home Price Index (HPI) set another record in July. Over the 12 months ended in July, the HPI increased 18 percent. the largest annual growth in the U.S. index since the series began with the year ended in January 1977 and was 0.8 percentage point higher than in June. The July appreciation of detached properties (19.7 percent) was again the highest measured in the history of the index and was nearly double the 11.6 percent increase in attached properties. We noted, in summarizing

September 8, 2021 Download our Mobile App: Download our Mobile App: Rob Chrisman AE Jobs; eClose, Subservicing, Processing, Workflow, Retention Tools; TPO Loan Products If you wait long enough to cook dinner, everyone will eat cereal. Follow me for more recipes! It’s a good time to be long real estate, and one recipe that is tried and true is the link between housing prices and rents. Home Price appreciation i... (read more) Housing News CoreLogic: Home Price Gains Expected to Slow to 2.7% by Next Year Americans are continuing the trend started at the beginning of the pandemic 19 months ago, seeking larger homes in areas with lower density and prices continue to skyrocket for unattached dwellings in those areas. That's not to say that price gains a... (read more) Housing News Home Buying Sentiment Improves Slightly Consumers felt a little better about the wisdom of buying a home last month than they did in July, although that isn't saying a lot. Fannie Mae says 32 percent of respondents to its August National Housing Survey (NHS) said it was a good time to buy,... (read more) Mortgage Rates Mortgage Rates Begin The Week Slightly Higher 30 Yr. Fixed Rate 6.73% +0.06% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.73% +0.06 0.00 15 Yr. Fixed 5.97% +0.06 0.00 30 Yr. FHA 6.25% +0.06 0.00 30 Yr. Jumbo 6.84% +0.04 0.00 7/6 SOFR ARM 6.33% +0.04 0.00 30 Yr. VA 6.26% +0.06 0.00 Updates Daily - Last Update: 7/2 15 Yr. Fixed Rate 5.97% +0.06% Rate Change Points Freddie Mac 30 Yr. Fixed 6.77% -0.04 0.00 15 Yr. Fixed 5.89% -0.07 0.00 Updates Weekly - Last Update: 6/26 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.88% +0.04 0.63 15 Yr. Fixed 6.11% -0.03 0.74 30 Yr. Jumbo 6.88% +0.07 0.60 Updates Weekly - Last Update: 6/25 MBS / Treasuries MBS Live Recap: 10yr Auction Easily Helps Rates Hold The Range. What Next? UMBS 30YR 5.5 99.92 +0.08 Price / Yield Change MBS UMBS 5.5 99.93 +0.08 UMBS 6.0 101.63 +0.07 GNMA 5.5 100.07 +0.10 GNMA 6.0 101.48 +0.07 Pricing as of: 7/3 4:18AM EST 10 Year US Treasury 4.2568 -0.0230 Price / Yield Change US Treasury 2 YR Treasury 3.766 -0.022 5 YR Treasury 3.842 -0.025 7 YR Treasury 4.028 -0.028 10 YR Treasury 4.255 -0.025 30 YR Treasury 4.783 -0.026 Pricing as of: 7/3 4:18AM EST Latest Video I'm not a big fan of the asset purchases, but you can't just pull them beca... Fed Beige Book: Rise in delta variant hits the economy July JOLTS: 10.9 million job openings and labor turnover took place in July The 9am Bond Report - September 8, 2021 Around the Web CNBC Businesses are feeling stronger inflation and paying higher wages, Fed's 'Beige Book' says The Basis Point 63% of Americans think it's a bad time to buy a home. Nevertheless, 70% say they'll buy (not rent) if moving. Reuters U.S. job openings vault to record high as employers scramble for workers Calculated Risk Blog Black Knight Mortgage Monitor for July; Tappable Equity Rises to All-Time High of $9.1 Trillion CNBC Yellen urges Congress to raise debt limit, warns Pelosi that extraordinary measures will run out in October Calculated Risk Blog BLS: Job Openings Increase to Series High 10.9 Million in July Calculated Risk Blog Forbearance Will Not Lead to a Huge Wave of Foreclosures CNBC Treasury yields fall slightly on Wednesday CNBC ECB to kick off its tapering debate as inflation surges to a 10-year high CNBC China's central bank keeps the brakes on economic stimulus Calculated Risk Blog MBA Survey: "Share of Mortgage Loans in Forbearance Decreases to 3.23%" Fannie Mae Statement on Equitable Housing Finance Plan from Hugh R. Frater, Chief Executive Officer, Fannie Mae CNBC A sharp rise in wages is contributing to worries over inflation

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