Daily Newsletter: Price Gains Slow; Will We See 7% Next Year?

Home price gains slowed slightly in October with both S&P CoreLogic Case-Shiller and the Federal Housing Finance Agency (FHFA) reporting lower annual increases in October than in September. There was a slight uptick, however, in the monthly gain in FHFA's House Price Index (HPI). The Case Shiller U.S. National Home Price Index, covering all nine U.S. census divisions, rose 19.1 percent on an annual basis in October. The annual gain in September was 19.7 percent. The 10 City Composite came in with a 17.1 percent increase, down from 17.9 percent and the 20-City Composite posted an 18.4 percent year-over-year gain compared to 19.1 percent the previous month. Phoenix had the highest annual appreciation, its 29 th consecutive month in first place, at 32.3 percent. Tampa, and Miami retained their

December 29, 2021 Housing News Price Gains Slow; Will We See 7% Next Year? Home price gains slowed slightly in October with both S&P CoreLogic Case-Shiller and the Federal Housing Finance Agency (FHFA) reporting lower annual increa... (read more) Housing News Price Gains Slow; Will We See 7% Next Year? Home price gains slowed slightly in October with both S&P CoreLogic Case-Shiller and the Federal Housing Finance Agency (FHFA) reporting lower annual increases in October than in September. There was a slight uptick, however, in the monthly gain ... (read more) Housing News Pending Sales Fall; Yun Calls Prices “Exorbitant,” Buyer Competition “Unrelenting” When pending home sales jumped 7.5 percent in October rather than the fractional increase expected, Lawrence Yun, chief economist for the National Association... (read more) Housing News Pending Sales Fall; Yun Calls Prices “Exorbitant,” Buyer Competition “Unrelenting” When pending home sales jumped 7.5 percent in October rather than the fractional increase expected, Lawrence Yun, chief economist for the National Association of Realtors® (NAR) viewed the change as defensive. Fast-rising rents and an anticipated i... (read more) Rob Chrisman Pre-Approval, Business Intelligence, Non-QM, Reno Products; Workplace COVID Changes and Requirements Would you tie up your money for five years and earn 1.26 percent the whole time? That’s pretty much where the $57 billion 5-year Treasury note auction went off ... (read more) Rob Chrisman Pre-Approval, Business Intelligence, Non-QM, Reno Products; Workplace COVID Changes and Requirements Would you tie up your money for five years and earn 1.26 percent the whole time? That’s pretty much where the $57 billion 5-year Treasury note auction went off yesterday. (Keeping things almost misleadingly simple, think about an investor buying a 30... (read more) Mortgage Rates Mortgage Rates Leveling Off At 3-Week Highs Mortgage rates hit their highest level in 2 weeks heading into Christmas weekend. The average lender raised costs by a very small amount again on Monday, thus leaving them within striking distance of 3 week highs. Now today, there's been a slight recover as the bond market (which dictates mortgage rate movement) gave a clearer impression that it had leveled ... (read more) 30 Yr. Fixed Rate 3.26% +0.00% Rate Change Points Mortgage News Daily 30 Yr. Fixed 3.26% 0.00 0.40 15 Yr. Fixed 2.60% 0.00 0.40 30 Yr. FHA 2.88% 0.00 0.00 30 Yr. Jumbo 3.13% 0.00 0.00 5/1 ARM 3.33% 0.00 0.50 Updates Daily - Last Update: 12/29 15 Yr. Fixed Rate 2.60% +0.00% Rate Change Points Freddie Mac 30 Yr. Fixed 3.05% -0.07 0.70 15 Yr. Fixed 2.30% -0.04 0.70 5/1 Yr. ARM 2.37% -0.08 0.40 Updates Weekly - Last Update: 12/23 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 3.30% -0.01 0.43 15 Yr. Fixed 2.63% +0.01 0.31 30 Yr. Jumbo 3.27% -0.06 0.35 Updates Weekly - Last Update: 12/8 MBS / Treasuries MBS Live Recap: Every Bit As Quiet As It Was Supposed To Be Every Bit As Quiet As It Was Supposed To Be There's really no way to predict the future when it comes to rate movement in the coming days/weeks. But there are some times when probabilities are higher than normal for a certain baseline trend. In the case of late December, that baseline is for yields to hur... (read more) UMBS 30YR 2.5 101.80 -0.36 Price / Yield Change MBS UMBS 2.5 101.80 -0.36 UMBS 3.0 103.39 -0.22 GNMA 2.5 102.20 -0.38 GNMA 3.0 103.23 -0.27 Pricing as of: 12/29 6:13PM EST 10 Year US Treasury 1.5565 +0.0723 Price / Yield Change US Treasury 2 YR Treasury 0.752 -0.004 5 YR Treasury 1.300 +0.054 7 YR Treasury 1.467 +0.057 10 YR Treasury 1.557 +0.072 30 YR Treasury 1.967 +0.063 Pricing as of: 12/29 6:13PM EST Latest Video Treasury sells $56 billion in 7-year notes during last auction of 2021 The 9am Bond Report - December 29, 2021 The 3pm Bond Report - December 28, 2021 The 2pm Bond Report - December 28, 2021 Around the Web CNBC What will the 2022 housing market look like? It could 'come back down to sanity' Calculated Risk Blog Real House Prices, Price-to-Rent Ratio and Price-to-Median Income in October Redfin Three-Quarters of Homebuyers & Sellers Report Changing Plans Due to Inflation: Redfin Survey CNBC U.S. Treasury yields edge slightly higher CNBC Investors fear inflation most in 2022 and see lower stock market returns, CNBC survey shows Calculated Risk Blog A few comments on the Seasonal Pattern for House Prices Calculated Risk Blog Comments on Case-Shiller and FHFA House Price Increases Calculated Risk Blog Case-Shiller: National House Price Index increased 19.1% year-over-year in October Reuters S&P 500 pauses after four-day rally to record high Reuters S&P 500 set to open at record high as rally sustains CNBC U.S. Treasury yields are slightly higher with omicron in focus Calculated Risk Blog Final Look at Local Housing Markets in November Reuters S&P 500 scores record high on retail sales cheer

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