Pending home sales put in an especially strong performance in June , the second consecutive positive report as well as the fourth in five months. The National Association of Realtors® (NAR) said its Pending Home Sales Index (PHSI), a forward-looking indicator based on contracts that are signed to purchase existing homes rose 2.8 percent to 108.3 compared to 105.4 in May. The month-over-month gain that month was 1.1 percent. In addition, the contract signing performance in June snapped the PHSI's 17-month streak of year-over-year losses. The June reading was up 1.6 percent compared to one year earlier. The results were significantly higher than expected . Analysts polled by Econoday had a consensus forecast of a 1.1 percent increase with the highest estimate at 1.5 percent. Lawrence Yun

July 30, 2019 Download our Mobile App: Download our Mobile App: Housing News Stellar Sales Report Reinforces Housing's Strong Summer Pending home sales put in an especially strong performance in June , the second consecutive positive report as well as the fourth in five months. The National Association of Realtors® (NAR) said its Pending Home Sales Index (PHSI), a forward-look... (read more) MBS Commentary MBS Live Day Ahead: What Does it Take to Move Markets These Days? In the day just passed, bonds drifted through one of those characteristic summertime Mondays without any meaningful liquidity, volume, or volatility.  Bonds remained inside their prevailing range.  In fact, they were nearly glued to the pe... (read more) Rob Chrisman CRM, Pricing Products; Borrower Satisfaction Tips; Wholesaler News Who’s in your wallet? How about 33-year-old Paige Thompson? Working for Capital One’s “cloud company,” she is accused of hacking into more than 100 million Capital One customers' accounts and credit card applications earlier t... (read more) Housing News Freddie Mac's Portfolio Continues to Grow Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 5.3 percent in June, a bit slower than the 7.5 percent from the previous month. The portfolio balance at the end of the period was $2.239 trillion com... (read more) Housing News Although Gains are Slowing, Prices Show "Resiliency" The rate of appreciation in home prices slipped again in May according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. The metric, which covers all nine U.S. census divisions, came in at a 3.4 percent year-over-year increase com... (read more) Mortgage Rate Watch Mortgage Rates Stay Calm Before Tomorrow's (Potential) Storm Mortgage rates haven't moved much this week, or last week, or the week before that. In fact, for the average prospective borrower, there haven't been any major changes since first making it down to the multi-year lows in June. That said, there has be... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.75% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.75% +0.02 0.00 15 Yr. Fixed 5.98% +0.01 0.00 30 Yr. FHA 6.27% +0.02 0.00 30 Yr. Jumbo 6.85% +0.01 0.00 7/6 SOFR ARM 6.32% -0.01 0.00 30 Yr. VA 6.29% +0.03 0.00 Updates Daily - Last Update: 7/3 15 Yr. Fixed Rate 5.98% +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 99.64 -0.20 Price / Yield Change MBS UMBS 5.5 99.64 -0.20 UMBS 6.0 101.43 -0.13 GNMA 5.5 99.86 -0.11 GNMA 6.0 101.34 -0.06 Pricing as of: 7/6 6:20AM EST 10 Year US Treasury 4.3467 +0.0669 Price / Yield Change US Treasury 2 YR Treasury 3.883 +0.095 5 YR Treasury 3.937 +0.070 7 YR Treasury 4.125 +0.068 10 YR Treasury 4.347 +0.067 30 YR Treasury 4.863 +0.055 Pricing as of: 7/6 6:20AM EST Latest Video January new home sales drop nearly 7% Bank of America CEO: Loan demand showing consistent growth UK parliament votes on options to delay Brexit January new home sales fall short of expectations, down 6.9 percent Around the Web Calculated Risk Blog Update: A few comments on the Seasonal Pattern for House Prices Bloomberg Trump Demands Large' Fed Rate Cut as Central Bank Set to Meet Calculated Risk Blog Personal Income increased 0.4% in June, Spending increased 0.3% Bloomberg America's Housing Affordability Crisis Spreads to the Heartland Reuters Possible dissent hangs over Fed's first rate cut in a decade Reuters D.R. Horton tops estimates on higher home sales, lower mortgage rates Yahoo News The Fed Might Not Cut Rates More Than Once Reuters Wall St. takes a pause in wait for Fed news, trade progress Bloomberg If Powell Gives an Inch, Bond Traders May Ask Fed for a Mile NAHB Eye on Housing Housing Share of GDP Continues to Decline The Basis Point Real estate & U.S. economy are winner-take-all games, says Redfin CEO Glenn Kelman The Basis Point 10 Stats About Real Estate Agents You Didn't Know NAR - Realtor.com Why It Could Get More Difficult for Americans to Get Approved for a Mortgage

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