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: 30 Yr. Fixed 6.22% +0.09%   6.11% 7.26% 15 Yr. Fixed 5.75% +0.04%   5.54% 6.59% 30 Yr. Jumbo 6.14% -0.01%   6.14% 7.45% Compare Mortgage Rates from Local Lenders for Jun 9, 2021 Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.22% +0.09 0.00 15 Yr. Fixed 5.75% +0.04 0.00 30 Yr. FHA 5.95% +0.04 0.00 30 Yr. Jumbo 6.14% -0.01 0.00 7/6 SOFR ARM 5.65% 0.00 0.00 30 Yr. VA 5.98% +0.06 0.00 Updates Daily - Last Update: 9/17 Freddie Mac Rate Change Points 30 Yr. Fixed 6.35% -0.15 0.00 15 Yr. Fixed 5.50% -0.10 0.00 Updates Weekly - Last Update: 9/11 Mortgage Bankers Assoc. 30 Yr. Fixed 6.49% -0.15 0.56 15 Yr. Fixed 5.70% -0.14 0.55 30 Yr. Jumbo 6.44% -0.14 0.48 Updates Weekly - Last Update: 9/10 UMBS 30YR 5.0 99.68 -0.28   95.05 100.50 UMBS 30YR 5.5 101.09 -0.14   97.47 101.61 10 YR Treasury 4.077 +0.046   3.643 4.780 MBS Price Change UMBS 4.5 97.65 -0.39 UMBS 5.0 99.62 -0.33 UMBS 5.5 101.08 -0.16 GNMA 4.5 98.03 -0.13 GNMA 5.0 99.93 -0.28 GNMA 5.5 100.97 -0.24 Pricing as of: 9/17 5:43PM EST US Treasury Yield Change 2 YR Treasury 3.555 +0.052 5 YR Treasury 3.653 +0.067 7 YR Treasury 3.838 +0.067 10 YR Treasury 4.084 +0.054 30 YR Treasury 4.681 +0.030 Pricing as of: 9/17 5:43PM EST Other News Lack of Homes for Sale Could Eventually Curb Affordability Constraints Mon, Jun 7, 2021 12:57PM 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... (read more) Early State Delinquencies Drop Below Pre-COVID Levels Tue, Jun 8, 2021 11:49AM 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 foreclosure. This is the lowest rate since March 2021, the month the pandemic hit, and the rate was 3.6 percent. The c... (read more) Title, Recruiting, MLO Jobs; Email, Training, AI, Lead, AMC Products; Wholesaler News; Rates Continue to Slide Wed, Jun 9, 2021 11:34AM 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 nd homes. I also know that rumors are now swirling that Fannie has sent out letters to selected lenders either ... (read more) 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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