Pending home sales rose marginally again in June, beating the National Association of Realtors® (NAR's) Pending Home Sale Index (PHSI) for the previous month by 0.9 percent. The index, based on contracts for existing home purchases, rose from 105.9 in May to 106.9 in June. The June gain is slightly better than the 0.5 percent increase from April to May, but the PHSI remains behind the corresponding month a year earlier for the sixth consecutive month. The annual shortfall for June was 2.5 percent. The June index was higher than May's in all four regions. However, like the national index, those regions are all running behind their year earlier numbers. Results were in line with the consensus estimate from analysts polled by Econoday , 0.8 percent. Their predictions ranged from 0.3 to 1.0

July 30, 2018 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.27% -0.04%   6.13% 7.26% 15 Yr. Fixed 5.82% -0.01%   5.6% 6.59% 30 Yr. Jumbo 6.00% -0.22%   6% 7.45% Compare Mortgage Rates from Local Lenders for Jul 30, 2018 Volatility Could Return Next Week For Mortgage Rates Fri, Jul 27, 2018 6:56PM Mortgage rates were unchanged today, making for an anticlimactic end to a week that saw the sharpest rise in months. The lack of movement was all the more interesting considering the bond market's reaction to this morning's GDP data (bonds dictate rates). Even though GDP came in at 4.1%, markets were widely prepared for such strength. Paradoxically, bonds improved, but only moderately. Even so, bond market improvement typically helps rates fall. Today was a bit of an exception for 2 reasons. First, bonds lost ground yesterday afternoon, but not enough for most mortgage lenders to raise rates i... (read more) Mortgage Rates Edge to 2-Month Highs Mon, Jul 30, 2018 4:48PM Mortgage rates edged higher today, keeping alive a trend toward higher rates that began just over a week ago. While the overall amount of ground covered as a part of this move isn't necessarily alarming, it's significant because it brings us back to the highest levels since the end of May. This uptrend is also significant because it marks the first breakout of a flat, narrow range that had been intact for more than a month. Breakouts that follow these flat, narrow ranges are thought to carry a bit of extra momentum compared to other jumps in rates. All that to say that the pressure on rates in... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.27% -0.04 0.00 15 Yr. Fixed 5.82% -0.01 0.00 30 Yr. FHA 6.00% -0.03 0.00 30 Yr. Jumbo 6.00% -0.22 0.00 7/6 SOFR ARM 5.71% -0.01 0.00 30 Yr. VA 6.02% -0.03 0.00 Updates Daily - Last Update: 10/15 Freddie Mac Rate Change Points 30 Yr. Fixed 6.30% -0.04 0.00 15 Yr. Fixed 5.53% -0.02 0.00 Updates Weekly - Last Update: 10/9 Mortgage Bankers Assoc. 30 Yr. Fixed 6.43% -0.03 0.60 15 Yr. Fixed 5.77% +0.01 0.79 30 Yr. Jumbo 6.60% +0.06 0.44 Updates Weekly - Last Update: 10/8 UMBS 30YR 5.0 99.65 -0.02   95.05 99.96 UMBS 30YR 5.5 101.07 -0.01   97.47 101.28 10 YR Treasury 4.043 +0.014   3.932 4.780 MBS Live Week Ahead: Incredibly Busy Week For Data and Events Mon, Jul 30, 2018 9:54AM This week is rare in terms of the combination of economic data, events, and other relevant goings-on.  If someone asked me to rattle off a few of the biggest market movers in terms of economic data and other scheduled events, my list would look ... (read more) MBS Live Recap: Bonds Relieved by As-Expected GDP Fri, Jul 27, 2018 7:28PM The consensus for today's GDP reading among forecasters was for a big increase to 4.1% or 4.2% depending on who does your data aggregation.  Either way, that's a big jump from the previous reading of 2.0% (now revised to 2.2%).  When key data is seen rising that much, economists have a tendency to undershoot the jump.  Traders know it. ... (read more) MBS Price Change UMBS 4.5 97.67 -0.02 UMBS 5.0 99.67 -0.01 UMBS 5.5 101.07 -0.02 GNMA 4.5 97.75 +0.05 GNMA 5.0 99.94 +0.11 GNMA 5.5 100.82 -0.08 Pricing as of: 10/15 3:26PM EST US Treasury Yield Change 2 YR Treasury 3.501 +0.019 5 YR Treasury 3.625 +0.021 7 YR Treasury 3.812 +0.014 10 YR Treasury 4.041 +0.012 30 YR Treasury 4.638 +0.008 Pricing as of: 10/15 3:26PM EST Other News Pending Sales Gained Ground in June, Continued Year-Over-Year Slump Mon, Jul 30, 2018 10:21AM Pending home sales rose marginally again in June, beating the National Association of Realtors® (NAR's) Pending Home Sale Index (PHSI) for the previous month by 0.9 percent. The index, based on contracts for existing home purchases, rose from 105.9 in May to 106.9 in June. The June gain is slightly better than the 0.5 percent increase from April to May, ... (read more) Bank Statement Programs; Upcoming Events; A Look at the Economy Mon, Jul 30, 2018 8:54AM “Buy land – they’re not making any more of it.” Don’t tell that to Hawai’i. While California continues to burn, 2,400 miles to the southwest Hawai’i has a different heat. In less than three months the state’s volcanic activity has created more land than in the last 35 years. Since 1983, the volcano Kilauea&rsqu... (read more) Latest Video JPMorgan's Jamie Dimon on the Fed and rising rates Tour the most expensive estate in America Pending home sales fall versus a year ago for sixth month Around the Web Bloomberg Treasury Raises Borrowing Outlook With Second-Half Projection Hitting $769 Billion CNBC Insane things people will or won't do for a free home Calculated Risk Blog Q2 2018 GDP Details on Residential and Commercial Real Estate CNBC Interest rates could move higher this week no matter what Fed does NAR - Realtor.com This Is How Much Money You Need to Pay Rent in the Biggest U.S. Cities blog.stewart.com What's New in Real Estate Tech from Inman's Hacker Connect blog.stewart.com Existing Home Sales in June 2018 Like a Slow Leaking Tire Hard to Notice the Difference But the Dash Warning Light Just Illuminated Calculated Risk Blog Dallas Fed: "Robust Expansion in Texas Manufacturing Continues; Uncertainty Picks Up" CNBC Full-scale bailout for industries impacted by tariffs would cost $39 billion, Chamber of Commerce says NAR - Realtor.com Cities Where People Own Their Homes the Longestand Those Where They Pack Up Fast Reuters China tempts Britain with free trade, says door to U.S. talks open Reuters Euro zone economic sentiment edges lower in July Calculated Risk Blog Housing comments from Soylent Green

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