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Core Logic’s Home Price Index shows an average 0.9% appreciation rate across the country last month, raising the year-over-year jump to an even 7.0%.  The same entity anticipates a 4.7% price jump over the next 12 months.

Mortgage Bonds have bounced back up against a ceiling of resistance that will prove a difficult barrier to pierce, so don’t expect rates to sink any lower.  Stocks are taking a breather today after yet again seeing the indices reach all-time-highs again yesterday.