A second housing price index is showing an uptick in the rate of appreciation, possibly because interest rates declines have begun to mitigate affordability issues. CoreLogic says its Home Price Index for July was up 3.6 percent in July, the annual increase in June, was 3.4 percent. On a month over month basis the gain was 0.5 percent compared to an increase of 0.4 percent the previous month. Last week Black Knight noted that the rate of increase in its index had risen for the first time in 16 months. CoreLogic Chief Economist Frank Nothaft said, "Sales of new and existing homes this July were up from a year ago, supported by low mortgage rates and rising family income. With the for-sale inventory remaining low in many markets, the pick-up in buying has nudged price growth up. If low interest

September 3, 2019 Download our Mobile App: Download our Mobile App: Housing News Home Prices are on the Rise Again A second housing price index is showing an uptick in the rate of appreciation, possibly because interest rates declines have begun to mitigate affordability issues. CoreLogic says its Home Price Index for July was up 3.6 percent in July, the annual i... (read more) MBS Commentary MBS Live Week Ahead: Big Week of Domestic Data, But Will It Matter? In the week just passed, Treasuries put in their most stable and uninspiring performance of the month (in their defense, it was a crazy month).  Every single day's highs and lows were contained inside the range set on the previous Friday.... (read more) Rob Chrisman VA, Broker Products; Investor Disaster News; 2018 HMDA Data Out With Interesting Stats We’re two-thirds of the way through with the third quarter of 2019, and with Labor Day behind us places like Minneapolis and Seattle are losing three minutes of sunlight per day. Rumor has it that lock desks all over the nation are trying to hi... (read more) Mortgage Rate Watch Yes, Mortgage Rates are Lower and 10yr Yields are Higher Today Two days ago, I wrote an article entitled " No, Mortgage Rates Aren't Based on 10yr Treasury Yields ." It's worth a read if you're not already up to speed on why that's a true statement. It also paves the way to understand why today's headline can be... (read more) Housing News Banks Report Huge Improvement in Mortgage Profitability There was a dramatic turnaround for many mortgage banks in the second quarter as their production profits increased nearly six-fold compared to the previous period. The Mortgage Bankers Association (MBA) said the independent mortgage banks (IMBs) and... (read more) Housing News Lower Rates Increased Affordability in July At least one housing index is seeing a turn-around in the direction of home prices . Black Knight says the continuing decline of interest rates have increased homebuying affordability. As a result, its ended 16 straight months of decelerating appreci... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.85% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.85% +0.02 0.00 15 Yr. Fixed 6.07% +0.04 0.00 30 Yr. FHA 6.40% +0.03 0.00 30 Yr. Jumbo 6.92% +0.02 0.00 7/6 SOFR ARM 6.25% -0.02 0.00 30 Yr. VA 6.41% +0.02 0.00 Updates Daily - Last Update: 7/15 15 Yr. Fixed Rate 6.07% +0.04% Rate Change Points Freddie Mac 30 Yr. Fixed 6.72% +0.05 0.00 15 Yr. Fixed 5.86% +0.06 0.00 Updates Weekly - Last Update: 7/10 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.77% -0.02 0.62 15 Yr. Fixed 6.04% -0.02 0.63 30 Yr. Jumbo 6.69% -0.09 0.65 Updates Weekly - Last Update: 7/9 MBS / Treasuries UMBS 30YR 5.5 98.91 -0.25 Price / Yield Change MBS UMBS 5.5 98.91 -0.26 UMBS 6.0 100.94 -0.18 GNMA 5.5 99.33 -0.20 GNMA 6.0 101.16 -0.06 Pricing as of: 7/15 5:41PM EST 10 Year US Treasury 4.4883 +0.0530 Price / Yield Change US Treasury 2 YR Treasury 3.953 +0.044 5 YR Treasury 4.050 +0.060 7 YR Treasury 4.258 +0.064 10 YR Treasury 4.489 +0.054 30 YR Treasury 5.020 +0.041 Pricing as of: 7/15 5:41PM 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 Reuters U.S. Treasury yields drop, stocks slide as global slowdown fears loom Reuters Fed's balance sheet could end up higher than $4 trillion: projections Calculated Risk Blog Update: Framing Lumber Prices Down 20% Year-over-year Reuters UK parliament faces last chance to block a no-deal on Tuesday: Conservative lawmaker Calculated Risk Blog Construction Spending Increased Slightly in July, Down 2.7% YoY Bloomberg Hurricanes, Fires to Hit Insurers With Double-Digit Rate Hikes Calculated Risk Blog ISM Manufacturing index Decreased to 49.1 in August Bloomberg Gut Check Time for Treasuries After Biggest Rally Since 2008 Bloomberg Is the ECB Set to Announce Monetary Stimulus and How Does This Impact Equities and Bonds? Calculated Risk Blog Fannie Mae: Mortgage Serious Delinquency Rate Declined in July, Lowest Since June 2007 Bloomberg U.S. Consumer Sentiment Falls Most Since 2012 on Trade Fears Calculated Risk Blog Hurricanes and Economic Data CNBC Ray Dalio warns of 'serious problems' and a bond 'blow-off' as a repeat of the late 1930s looms

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