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: Housing News Pending Sales Gained Ground in June, Continued Year-Over-Year Slump 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... (read more) Rob Chrisman Bank Statement Programs; Upcoming Events; A Look at the Economy “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&r... (read more) MBS Commentary MBS Live Week Ahead: Incredibly Busy Week For Data and Events 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) Mortgage Rate Watch Volatility Could Return Next Week For Mortgage Rates 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 ra... (read more) MBS Commentary MBS Live Recap: Bonds Relieved by As-Expected GDP 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 da... (read more) Mortgage Rate Watch Mortgage Rates Edge to 2-Month Highs 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 ... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.77% -0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.77% -0.01 0.00 15 Yr. Fixed 6.03% -0.01 0.00 30 Yr. FHA 6.35% 0.00 0.00 30 Yr. Jumbo 6.90% 0.00 0.00 7/6 SOFR ARM 6.25% +0.01 0.00 30 Yr. VA 6.36% 0.00 0.00 Updates Daily - Last Update: 7/22 15 Yr. Fixed Rate 6.03% -0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.75% +0.03 0.00 15 Yr. Fixed 5.92% +0.06 0.00 Updates Weekly - Last Update: 7/17 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.82% +0.05 0.62 15 Yr. Fixed 6.11% +0.07 0.66 30 Yr. Jumbo 6.81% +0.12 0.39 Updates Weekly - Last Update: 7/16 MBS / Treasuries UMBS 30YR 5.5 99.50 -0.01 Price / Yield Change MBS UMBS 5.5 99.49 -0.02 UMBS 6.0 101.35 -0.04 GNMA 5.5 99.72 -0.06 GNMA 6.0 101.28 -0.04 Pricing as of: 7/23 8:38AM EST 10 Year US Treasury 4.3574 +0.0114 Price / Yield Change US Treasury 2 YR Treasury 3.846 +0.017 5 YR Treasury 3.901 +0.016 7 YR Treasury 4.113 +0.015 10 YR Treasury 4.361 +0.015 30 YR Treasury 4.930 +0.013 Pricing as of: 7/23 8:38AM EST 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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