It ain't over 'til it's over, and that seems to be increasingly true of contacted home sales. Trulia reported on Wednesday that, "Deals to sell homes are falling through at a faster rate than they were a year ago and it's agreements for starter homes that are most at risk." The company reviewed the daily status of all listings for the first two months of each quarter from the fourth quarter of 2014 through the fourth quarter of 2016, looking for properties that went from a pending or active contingent status back to being for sale either by an agent or an owner. They sought to determine where it was most common for properties to go from under contract back to for sale status. They call these "sale fails." The analysis found that the proportion of listings that fail at least once has been rising

January 12, 2017 Download our Mobile App: Download our Mobile App: Housing News Trulia Notes Increasing Incidence of Failed Sales It ain't over 'til it's over, and that seems to be increasingly true of contacted home sales. Trulia reported on Wednesday that, "Deals to sell homes are falling through at a faster rate than they were a year ago and it's agreements for starter homes... (read more) Mortgage Rate Watch Mortgage Rates Lowest in Nearly 2 Months Mortgage rates fell today , in many cases to levels not seen in well over a month . The average lender was just a hair better than last Thursday, meaning you'd have to go back to November 17th to see anything better. 4.125% is still the most prevalen... (read more) MBS Commentary MBS Live Day Ahead: Downtrend Taking Shape; Focusing on Stocks and Technicals As the new year continues, a common new year's theme is in full effect: the stock/bond correlation.  Stocks and bonds frequently move together over short time frames (but not over super long time frames).  The beginning of any given ... (read more) Rob Chrisman Reverse Mortgage Trends: NY Proposal, HECM Purchase Program, and Upcoming Conference Ever wondered how much Ben Carson is worth, where he puts his money, and how much money he earns? Here you go . His hearing is today for the HUD spot. "...it's difficult for a child to learn at school if he or she doesn't have an adequate place to li... (read more) Housing News MBA Expects December Decline in New Home Sales New home sales are projected to fall in December relative to November, not an unexpected pattern as the year-end holidays approach. The Mortgage Bankers Association (MBA) says its Builder Applications Survey (BAS) for the month shows applications for... (read more) MBS Commentary MBS Live Recap: Decent Day for Bonds, Despite Complexity and Volatility Today was one of the more complex trading days we've had recently.  Three things were certainly in play and 2 of them were interdependent.  1. Stocks 2. Trump's Press Conference 3. 10yr Treasury auction Bonds weren't doing much of anyth... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.79% +0.04% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.79% +0.04 0.00 15 Yr. Fixed 5.99% +0.01 0.00 30 Yr. FHA 6.29% +0.02 0.00 30 Yr. Jumbo 6.89% +0.04 0.00 7/6 SOFR ARM 6.35% +0.03 0.00 30 Yr. VA 6.30% +0.01 0.00 Updates Daily - Last Update: 7/7 15 Yr. Fixed Rate 5.99% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.67% -0.10 0.00 15 Yr. Fixed 5.80% -0.09 0.00 Updates Weekly - Last Update: 7/3 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.79% -0.09 0.62 15 Yr. Fixed 6.06% -0.05 0.67 30 Yr. Jumbo 6.78% -0.10 0.40 Updates Weekly - Last Update: 6/26 MBS / Treasuries UMBS 30YR 5.5 99.46 -0.03 Price / Yield Change MBS UMBS 5.5 99.46 -0.02 UMBS 6.0 101.30 -0.02 GNMA 5.5 99.70 -0.03 GNMA 6.0 101.24 -0.03 Pricing as of: 7/8 4:08AM EST 10 Year US Treasury 4.3943 +0.0129 Price / Yield Change US Treasury 2 YR Treasury 3.898 -0.001 5 YR Treasury 3.963 +0.006 7 YR Treasury 4.161 +0.008 10 YR Treasury 4.392 +0.010 30 YR Treasury 4.928 +0.012 Pricing as of: 7/8 4:08AM EST Latest Video Warren: Carson can't assure HUD money won't go to Trump Fed's Bullard on reforming the Fed Fed's Bullard: No reason to move rates now Around the Web Reuters Fed officials see quick economic boost from Trump, risks to follow CNBC St. Louis Fed's Bullard says Trump effects only apparent over time Redfin 9 Creative Ways to Make Your Home Look More Expensive The Atlantic Donald Trump Says '96 Million' Are Looking for Work Calculated Risk Blog Question #2 for 2017: How much will the economy grow in 2017? Reuters Yellen had 'super risky' proposal for Fed's 2011 low-rate vow: transcripts Market Watch What to expect from Wells Fargo earnings: Impact of sales-tactics scandal CNBC HUD nominee Dr. Ben Carson refuses to assure HUD money will not go to Trump empire Calculated Risk Blog Lawler: New "Household" Numbers, Same Old Conundrum freddiemac.mwnewsroom.com Mortgage Rates Lower Again builderonline.com How Inflation Will Affect Home Builders in 2017 Market Watch The Fed: Fed's Harker backs three interest-rate hikes this year CNBC US import prices rise on petroleum

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