The hot home sales market continued unabated in October. The National Association of Realtors® (NAR) reports that existing home sales grew for the fifth consecutive month and 72 percent of homes that sold were on the market for less than a month. Single-family houses, townhouses, condos, and cooperative apartments sold in October at a seasonally adjusted annual rate of 6.85 million units. This was an increase of 4.3 percent from the September pace and 26.6 percent above the rate of 5.41 million sales in October 2019. Single-family home sales rose 4.1 percent to a seasonally adjusted annual rate of 6.12 million, up from 5.88 million in September. This was 26.7 percent above the pace a year earlier. The annual sales rate for existing condominium and co-ops was up 5.8 percent and 25.9 percent

November 19, 2020 Download our Mobile App: Download our Mobile App: Housing News Home Sales Defy Expectations, Crushing Another 14 Year Record The hot home sales market continued unabated in October. The National Association of Realtors® (NAR) reports that existing home sales grew for the fifth consecutive month and 72 percent of homes that sold were on the market for less than a month.... (read more) MBS Commentary MBS Live Recap: Tame Trading Day Leaves Outlook Intact Tame Trading Day Leaves Outlook Intact The bond market has been in a bullish consolidation pattern since last Monday and today's trading activity did little to change that.  In fact, it did nothing to ch... (read more) Mortgage Rate Watch Mortgage Rates Move Lower Today, But Don't Count on a Repeat Tomorrow Mortgage rates were little-changed yesterday--a fact that was ultimately at odds with underlying market movement by the end of the day. What does that mean? Simply put, mortgage rates are primarily determined by the trading prices of certain bonds (M... (read more) Rob Chrisman Sales, Ops, QC Jobs; Retention, VOI, Broker Products; Ops and Processing Changes “Life is like a helicopter. I don’t know how to operate a helicopter.” Remember how exciting it was when the technology of spellcheck came along? (People handwrite “congrats” on cards because they can’t spell &ldqu... (read more) Housing News How Homeowners' Credit Profiles Impact Forbearance Freddie Mac has published research examining the characteristics of borrowers who took advantage of the availability of forbearance plans in the early part of the COVID-19 pandemic. Mortgage forbearance temporarily removes the obligation for borrower... (read more) Housing News Strong Construction Data Led by Single Family Homes Residential construction data for October was mixed. The U.S. Census Bureau and Department of Housing and Urban Development reported that the rate of permitting flattened and completions declined. Housing starts, usually considered the key number, co... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.67% -0.05% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.67% -0.05 0.00 15 Yr. Fixed 5.91% -0.05 0.00 30 Yr. FHA 6.20% -0.02 0.00 30 Yr. Jumbo 6.80% -0.04 0.00 7/6 SOFR ARM 6.33% 0.00 0.00 30 Yr. VA 6.22% -0.01 0.00 Updates Daily - Last Update: 6/30 15 Yr. Fixed Rate 5.91% -0.05% Rate Change Points Freddie Mac 30 Yr. Fixed 6.77% -0.04 0.00 15 Yr. Fixed 5.89% -0.07 0.00 Updates Weekly - Last Update: 6/26 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.88% +0.04 0.63 15 Yr. Fixed 6.11% -0.03 0.74 30 Yr. Jumbo 6.88% +0.07 0.60 Updates Weekly - Last Update: 6/25 MBS / Treasuries UMBS 30YR 5.5 100.02 +0.21 Price / Yield Change MBS UMBS 5.5 100.07 +0.26 UMBS 6.0 101.68 +0.17 GNMA 5.5 100.19 +0.19 GNMA 6.0 101.50 +0.14 Pricing as of: 6/30 6:14PM EST 10 Year US Treasury 4.2290 -0.0523 Price / Yield Change US Treasury 2 YR Treasury 3.715 -0.035 5 YR Treasury 3.804 -0.031 7 YR Treasury 3.990 -0.045 10 YR Treasury 4.225 -0.057 30 YR Treasury 4.776 -0.055 Pricing as of: 6/30 6:14PM EST Latest Video Stocks continue to fall as U.S. coronavirus cases surge — Four experts on t... Existing home sales rise to highest since February 2006 The 9 a.m. Bond Report: November 19, 2020 Jobless claims filings tick up, breaking four-week streak of declining clai... Around the Web NPR 'We Need To Build More Homes:' Prices Soar Amid Housing Shortage CNBC Schumer says McConnell has agreed to resume negotiations over Covid-19 stimulus Calculated Risk Blog Comments on October Existing Home Sales Calculated Risk Blog Hotels: Occupancy Rate Declined 32.7% Year-over-year NAHB Eye on Housing Multifamily Market Sentiment Improves in the Third Quarter Calculated Risk Blog Philly Fed Manufacturing "Continued to Grow" in November CNBC U.S. weekly jobless claims total 742,000, vs 710,000 estimate CNBC The pandemic pause in student loan payments may end soon. Here's how to prepare Calculated Risk Blog CAR on California October Housing: Sales up 20% YoY, Active Listings down 40%+ YoY NAHB Eye on Housing Single-Family Built-for-Rent Construction Expands CNBC Coronavirus vaccine shots could go to U.S. health workers in about a month Calculated Risk Blog Comments on October Housing Starts CNBC Pfizer says final data analysis shows Covid vaccine is 95% effective plans to submit to FDA in 'days'

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