CoreLogic says its Home Price Index (HPI) for February reflected an increase of 0.7 percent from January to February and that home prices nationwide were up by 4.0 percent. The monthly gain was higher than in January (up 0.1 percent), perhaps reflecting the approaching spring market, but there is definite deceleration on an annual basis. In February the year-over-year change was 4.0 percent, down from 4.4 percent in January and significantly lower than the February 2017 to February 2018 change, 6.7 percent. North Dakota was the only state that did not have an annual increase in home prices. The largest gains were in Idaho (10.2%), Nevada (8.9%) and Utah (8.7%). Frank Nothaft, CoreLogic's chief economist commented, "During the first two months of the year, home-price growth continued to decelerate

April 2, 2019 Download our Mobile App: Download our Mobile App: Housing News Affordability Gripes Slowing--But Not Derailing--Price Growth CoreLogic says its Home Price Index (HPI) for February reflected an increase of 0.7 percent from January to February and that home prices nationwide were up by 4.0 percent. The monthly gain was higher than in January (up 0.1 percent), perhaps reflect... (read more) Housing News UI Says GSE "Patch" has Race, Income Implications Last fall the Urban Institute (UI) published a paper asking, "What, if anything, should replace the QM Patch?" Now Laurie Goodman, UI's Vice President, Housing Finance Policy, is writing that, as the patch's expiration nearing, new evidence shows an ... (read more) MBS Commentary MBS Live Day Ahead: What Do Bonds Care About Right Now, And Can The Answer Help Us? It's no mystery at this point that the US bond market has exited its steep, directional, and super friendly move to long-term lows over the past few days.  While yields are starting the day in slightly better shape than yesterday, they're still ... (read more) Rob Chrisman Recruiting, Non-QM, Broker Products; Tech Survey; Vendor News “Probability tells you that a toddler has a 50-50 chance of putting their shoes on the correct feet. Parenting tells you otherwise.” Merging or acquiring is a costly exercise and participants hope that the probabilities are high of succes... (read more) MBS Commentary MBS Live Recap: Pace Picks Up For Bond Market Mini Meltdown First thing's first, there's not much about a 10bp gain in 10yr yields and nearly a half a point  of MBS weakness that would be considered "mini," but in the recent context, it only undoes about a quarter of the recent rally.  Plus, we have... (read more) Mortgage Rate Watch Mortgage Rates Avoid Adding to Yesterday's Drama Mortgage rates spiked quickly yesterday, moving up to the highest levels in more than a week and adding an eighth of a percentage point (.125%) to Friday's latest quotes. Even on Friday, rates were already arguably in the process of correcting higher... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.67% -0.05% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.67% -0.05 0.00 15 Yr. Fixed 5.91% -0.05 0.00 30 Yr. FHA 6.20% -0.02 0.00 30 Yr. Jumbo 6.80% -0.04 0.00 7/6 SOFR ARM 6.33% 0.00 0.00 30 Yr. VA 6.22% -0.01 0.00 Updates Daily - Last Update: 6/30 15 Yr. Fixed Rate 5.91% -0.05% 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 UMBS 30YR 5.5 100.07 +0.26 Price / Yield Change MBS UMBS 5.5 100.07 +0.26 UMBS 6.0 101.68 +0.17 GNMA 5.5 100.19 +0.19 GNMA 6.0 101.50 +0.14 Pricing as of: 6/30 6:30PM EST 10 Year US Treasury 4.2246 -0.0567 Price / Yield Change US Treasury 2 YR Treasury 3.715 -0.035 5 YR Treasury 3.804 -0.031 7 YR Treasury 3.990 -0.045 10 YR Treasury 4.225 -0.057 30 YR Treasury 4.776 -0.055 Pricing as of: 6/30 6:30PM 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 Bloomberg This Time Is Different for the Yield Curve? They Said That Last Time - Bloomberg Reuters PM May seeks Brexit delay, compromise to break logjam CNN May pledges to abide by Parliament's Brexit decision CNBC Lagarde: Global economy is in 'a delicate moment' and 'losing momentum' Calculated Risk Blog Reis: Regional Mall Vacancy Rate increased Sharply in Q1 2019 consumerfinancemonitor.com CFPB Releases 2018 HMDA Data CNBC Home prices are about to heat up again as interest rates fall NAHB Eye on Housing Elevators Lack Popularity Among Home Buyers (And Other Unwanted Features) CNBC Bank of America says it will make $5 billion in mortgages to low and moderate income borrowers CNBC Residents in this metro area saw their taxes rise by more than $2,600 CNBC Real estate website Zillow expands into the mortgage business Calculated Risk Blog CoreLogic: House Prices up 4.0% Year-over-year in February Reuters U.S. core capital goods orders slip in February, shipments unchanged

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