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: 30 Yr. Fixed 6.34% +0.06%   6.13% 7.26% 15 Yr. Fixed 5.82% +0.01%   5.6% 6.59% 30 Yr. Jumbo 6.32% +0.02%   6.1% 7.45% Compare Mortgage Rates from Local Lenders for Jul 30, 2019 Mortgage Rates Stay Calm Before Tomorrow's (Potential) Storm Tue, Jul 30, 2019 4:48PM 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 been enough volatility to matter. Today wasn't a great example of that, but tomorrow or one of the two days that follows, may be. In addition to some more significant economic reports coming out in the morning, tomorrow brings the Fed rate decision. To be fair, the Fed's decision has already been made, best anyone can tell. A 25 basis point (0.25%) r... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.34% +0.06 0.00 15 Yr. Fixed 5.82% +0.01 0.00 30 Yr. FHA 6.06% +0.05 0.00 30 Yr. Jumbo 6.32% +0.02 0.00 7/6 SOFR ARM 5.98% +0.09 0.00 30 Yr. VA 6.08% +0.05 0.00 Updates Daily - Last Update: 11/3 Freddie Mac Rate Change Points 30 Yr. Fixed 6.17% -0.02 0.00 15 Yr. Fixed 5.41% -0.03 0.00 Updates Weekly - Last Update: 10/30 Mortgage Bankers Assoc. 30 Yr. Fixed 6.30% -0.07 0.58 15 Yr. Fixed 5.67% -0.07 0.61 30 Yr. Jumbo 6.38% -0.01 0.34 Updates Weekly - Last Update: 10/29 UMBS 30YR 5.0 99.45 -0.11   95.05 100.11 UMBS 30YR 5.5 101.00 -0.05   97.47 101.40 10 YR Treasury 4.107 +0.032   3.932 4.780 MBS Live Day Ahead: What Does it Take to Move Markets These Days? Tue, Jul 30, 2019 10:52AM 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 perfect center of the consolidation pattern of the past 2 months at 2.06-ish.  In general, it was an incon... (read more) MBS Price Change UMBS 4.5 97.35 -0.21 UMBS 5.0 99.45 -0.11 UMBS 5.5 101.00 -0.05 GNMA 4.5 97.45 -0.20 GNMA 5.0 99.61 -0.12 GNMA 5.5 100.81 -0.01 Pricing as of: 11/3 1:58PM EST US Treasury Yield Change 2 YR Treasury 3.601 +0.028 5 YR Treasury 3.717 +0.034 7 YR Treasury 3.901 +0.028 10 YR Treasury 4.107 +0.032 30 YR Treasury 4.690 +0.037 Pricing as of: 11/3 1:58PM EST Other News Stellar Sales Report Reinforces Housing's Strong Summer Tue, Jul 30, 2019 10:50AM 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... (read more) Freddie Mac's Portfolio Continues to Grow Tue, Jul 30, 2019 8:09AM 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 compared to $2.230 trillion at the end of May and $2.128 trillion a year earlier. Purchases and Issuances totaled... (read more) Although Gains are Slowing, Prices Show "Resiliency" Tue, Jul 30, 2019 10:07AM 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 compared to a 3.5 percent in April. On a monthly basis the index was up 0.8 percent before seasonal adjustment an... (read more) CRM, Pricing Products; Borrower Satisfaction Tips; Wholesaler News Tue, Jul 30, 2019 9:31AM 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 this year by breaking into a Capital One server and gaining access to 140,000 Social Security numbers, 1 millio... (read more) 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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