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The Federal Housing Finance Agency's (FHFA's) House Price Index (HPI) fell in line with most other indices in May, showing a slowdown in housing price appreciation. The agency said home prices gained 0.1 percent compared to April and was 5.0 percent higher than in May 2018. While the FHFA numbers have been trending lower they have not done so in a consistent manner and its annual figure remains significantly higher than the appreciation shown by other major data providers which have drifted down into the mid-3 percent range. Both of the May figures are reversals of April's gains of 0.4 percent for the month and 5.2 percent on an annual basis. For the nine census divisions, seasonally adjusted monthly house price changes from April 2019 to May 2019 ranged from a 1.0 percent loss in the East
Housing News
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The Federal Housing Finance Agency's (FHFA's) House Price Index (HPI) fell in line with most other indices in May, showing a slowdown in housing price appreciation. The agency said home prices gained 0.1 percent compared to April and was 5.0 percent ... (read more)
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Rob Chrisman
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During my travels someone recently told me that the “x” at the end of Cajun names was attributable to illiterate Cajuns “making their mark.” But instead it seems that two hundred years ago Judge Paul Briant took responsibility... (read more)
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Housing News
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Existing home sales are persistent in their inability to maintain a steady course from month to month. Despite low interest rates and hopes for a strong spring market, those sales were down 1.7 percent in June. Sales the prior month had posted a 2.5 ... (read more)
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Housing News
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The bubble in the mortgage prepayment rate burst in June. Black Knight, in its "first look" at the month's loan performance statistics, said the single month mortality rate (SMM), the pace at which mortgages are paid down or off, declined for the fir... (read more)
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Mortgage Rate Watch
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Mortgage rates were lower again today. The improvement was fairly decent given the amount of movement seen in the bond market. The reason for that has to do with the phenomenon we discussed on Friday whereby mortgage lenders are generally a bit cauti... (read more)
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MBS Commentary
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In the day just passed, bonds made modest gains at the open only to give most of them up by the close. Activity was concentrated at the specific opening and closing bells for the CME (where bond options still trade in "the pit" and where many o... (read more)
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consumerfinancemonitor.com
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consumerfinancemonitor.com
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