Home prices measured by CoreLogic's Home Price Index (HPI) for January ended a six-month long pattern of accelerating annual gains. The increases also slowed on a month-over-month basis. The company said that nationally prices were up 6.9 percent from January 2016 to January 2017. The HPI had risen by a minimum of 0.1 percent more every month than it had in the preceding month since May, increasing from 5.7 percent that month and posting a 7.2 percent annual gain in December. Home prices increased from December to January by 0.7 percent. Month-over-month appreciation had been at 1.1 percent for each of the previous six months before slipping to an 0.8 percent gain from November to December. "With lean for-sale inventories and low rental vacancy rates, many markets have seen housing prices outpace

March 7, 2017 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.29% +0.02%   6.11% 7.26% 15 Yr. Fixed 5.72% +0.02%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Mar 7, 2017 Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.29% +0.02 0.00 15 Yr. Fixed 5.72% +0.02 0.00 30 Yr. FHA 6.00% +0.03 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.65% +0.02 0.00 30 Yr. VA 6.01% +0.02 0.00 Updates Daily - Last Update: 9/12 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 5.5 101.09 -0.04   97.47 101.61 UMBS 30YR 6.0 102.36 -0.04   99.66 102.50 10 YR Treasury 4.077 +0.011   3.621 4.780 MBS Live Day Ahead: Bonds Fight to Hold The Range as Auction Cycle Begins Tue, Mar 7, 2017 9:06AM We've been tracking several iterations of a sideways or consolidative range since the initial post-election sell-off bounced back in mid January. We say "post-election" sell-off, but it's really the post-FOMC sell-off. December's highs were... (read more) MBS Live Recap: Typical Case of The Mondays Mon, Mar 6, 2017 5:47PM Monday's without significant economic data or overseas geopolitical developments tend to be quite lifeless for bond markets.  Today was no exception.  Fannie 3.5s ended the day perfectly unchanged and 10yr yields rose 1.3bps in a move that had more to do with pressure from corporate debt issuance and yield curve steepening (2-3yr yields impr... (read more) MBS Price Change UMBS 5.0 99.57 -0.06 UMBS 5.5 101.10 -0.03 UMBS 6.0 102.36 -0.04 GNMA 5.0 99.93 -0.07 GNMA 5.5 101.10 -0.03 GNMA 6.0 101.97 -0.03 Pricing as of: 9/15 3:32AM EST US Treasury Yield Change 2 YR Treasury 3.567 +0.015 5 YR Treasury 3.644 +0.013 7 YR Treasury 3.830 +0.014 10 YR Treasury 4.080 +0.013 30 YR Treasury 4.697 +0.016 Pricing as of: 9/15 3:32AM EST Other News Annual Home Prices Gains Back Below 7%; More Contraction Ahead? Tue, Mar 7, 2017 12:05PM Home prices measured by CoreLogic's Home Price Index (HPI) for January ended a six-month long pattern of accelerating annual gains. The increases also slowed on a month-over-month basis. The company said that nationally prices were up 6.9 percent from January 2016 to January 2017. The HPI had risen by a minimum of 0.1 percent more every month than it had in ... (read more) Confidence Surges in National Housing Survey Tue, Mar 7, 2017 11:58AM The February installment of the National Housing Survey (NHS) might have broken a record for breaking records. Fannie Mae says its Home Purchase Sentiment Index (HPSI), based on six components of the survey, increased by 5.6 percentage points from both January's level and that of February 2016 to 88.3, an all-time high. Five of the six components were higher... (read more) Contractors, Equipment Distributors Upbeat Over Construction Outlook Tue, Mar 7, 2017 11:53AM Wells Fargo's annual Construction Industry Forecast, based on a survey of construction industry contractors and equipment distributors, reports increased optimism for nonresidential construction activity. Respondents relayed expectations of increased company profits and industry expansion through higher infrastructure spending. Wells Fargo measures sentiment... (read more) Investor Updates and UW Changes; Lots Going on in Capital Markets Tue, Mar 7, 2017 9:28AM Thousands of lenders around the nation, in one form or another, donate to charities. But here’s an interesting twist on that. Todd Potter, SVP & National Sales Manager for Envoy Mortgage, writes, “23 lenders qualified for the Envoy Correspondent’s 2016 Charity Award$ Challenge. The program created specifically for out mortgage lenders t... 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