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: 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 Jan 12, 2017 Mortgage Rates Lowest in Nearly 2 Months Wed, Jan 11, 2017 3:57PM 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 prevalent conventional 30yr fixed rate on top tier scenarios, with today's improvements seen in the form of upfront costs. In other words, " effective rates " (which take closing costs into consideration) are lower while " note rates " (which is just the rate applied to your mortgage balance) are generally unchanged. What's behind today's move? First of al... (read more) 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 5.5 101.13 +0.02   97.47 101.61 UMBS 30YR 6.0 102.40 0.00   99.66 102.50 10 YR Treasury 4.066 +0.040   3.621 4.780 MBS Live Day Ahead: Downtrend Taking Shape; Focusing on Stocks and Technicals Thu, Jan 12, 2017 8:28AM 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) MBS Live Recap: Decent Day for Bonds, Despite Complexity and Volatility Wed, Jan 11, 2017 5:09PM 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 anything until stocks opened.  Granted, stock futures trade all night, but the 9:30am NYSE open nonetheless ma... (read more) MBS Price Change UMBS 5.0 99.63 +0.06 UMBS 5.5 101.13 +0.02 UMBS 6.0 102.40 0.00 GNMA 5.0 100.00 -0.08 GNMA 5.5 101.13 -0.08 GNMA 6.0 102.01 -0.04 Pricing as of: 9/13 1:45PM EST US Treasury Yield Change 2 YR Treasury 3.553 +0.009 5 YR Treasury 3.630 +0.027 7 YR Treasury 3.816 +0.038 10 YR Treasury 4.066 +0.040 30 YR Treasury 4.681 +0.023 Pricing as of: 9/13 1:45PM EST Other News Trulia Notes Increasing Incidence of Failed Sales Thu, Jan 12, 2017 9:40AM 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 eac... (read more) MBA Expects December Decline in New Home Sales Thu, Jan 12, 2017 9:32AM 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 new home purchase mortgages dropped 14 percent from applications the previous month. They were, however up 2 ... (read more) Reverse Mortgage Trends: NY Proposal, HECM Purchase Program, and Upcoming Conference Thu, Jan 12, 2017 9:29AM 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 live. In these situations, government can and should help. However, I believe we need to ensure that the help we... (read more) 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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