The Mortgage Bankers Association (MBA) is expecting that a higher volume of new home sales occurred in October than in the previous month, even as purchase prices rise. MBA says its Builder Application Survey (BAS) showed a 6 percent month-over-month increase in purchase applications even though they were down 15.2 percent from October 2020. That data is not seasonally adjusted. Based on those applications, they estimate that new single-family home sales in October will total 68,000, up 3.0 percent from 66,000 sales in September. On a seasonally adjusted annual basis the 897,000-unit pace is 6.4 percent higher than the rate of 843,000 units the prior month. "Applications for new home purchases in October were down 15 percent from a year ago, but activity was 6 percent higher than in September

November 16, 2021 Download our Mobile App: Download our Mobile App: Rob Chrisman TPO Loan, e-Signature, Sales, Automation, U/W Products; Lenders and Loan Amounts; Inflation and Retail Sales Driving Rates Broker and Lender Services and Products 163,000 pints of Guinness are wasted in facial hair each year , according to the Irish brewery, which commissioned a hair scientist, among other researchers, to calculate the loss. That’s because 0.56 mil... (read more) Housing News Fewer New Homes Are Actually Complete When Sold The Mortgage Bankers Association (MBA) is expecting that a higher volume of new home sales occurred in October than in the previous month, even as purchase prices rise. MBA says its Builder Application Survey (BAS) showed a 6 percent month-over-month... (read more) Housing News Builder Confidence Gaining Ground Despite Challenges The National Association of Home Builders (NAHB) said builder confidence in the new home sales market increased in November for the third consecutive month despite the many challenges builders are facing . The NAHB/Wells Fargo Housing Market Index (H... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.29% -0.16% Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.29% -0.16 0.00 15 Yr. Fixed 5.60% -0.21 0.00 30 Yr. FHA 5.95% -0.08 0.00 30 Yr. Jumbo 6.25% -0.15 0.00 7/6 SOFR ARM 5.59% -0.21 0.00 30 Yr. VA 5.97% -0.08 0.00 Updates Daily - Last Update: 9/5 15 Yr. Fixed Rate 5.60% -0.21% Freddie Mac Rate Change Points 30 Yr. Fixed 6.50% -0.06 0.00 15 Yr. Fixed 5.60% -0.09 0.00 Updates Weekly - Last Update: 9/4 Mortgage Bankers Assoc. 30 Yr. Fixed 6.64% -0.05 0.59 15 Yr. Fixed 5.84% -0.19 0.84 30 Yr. Jumbo 6.58% -0.09 0.39 Updates Weekly - Last Update: 9/3 MBS / Treasuries UMBS 30YR 5.5 101.13 +0.32 MBS Price Change UMBS 5.0 99.47 +0.46 UMBS 5.5 101.13 +0.32 UMBS 6.0 102.48 +0.16 GNMA 5.0 99.83 +0.48 GNMA 5.5 101.13 +0.25 GNMA 6.0 102.13 +0.03 Pricing as of: 9/6 11:09PM EST 10 Year US Treasury 4.0867 -0.0711 US Treasury Yield Change 2 YR Treasury 3.517 -0.072 5 YR Treasury 3.589 -0.055 7 YR Treasury 3.800 -0.061 10 YR Treasury 4.087 -0.071 30 YR Treasury 4.770 -0.090 Pricing as of: 9/6 11:09PM EST Latest Video Rents for single-family homes skyrocket NAHB builder sentiment data beats expectations The 9am Bond Report - November 16, 2021 Retail sales jump 1.7% in October, beats 1.5% estimate Around the Web Calculated Risk Blog October California Home Sales National Associattion of Realtors Housing Affordability Conditions Unchanged in September CNBC Homebuilder confidence surges past expectations, as buyer demand remains high CNBC Prices will remain high until the Covid pandemic is over, deputy Treasury secretary says Calculated Risk Blog Industrial Production Increased 1.6 Percent in October; Back to Pre-pandemic Levels CNBC Treasury yields fall ahead of economic data CNBC Rent for single-family homes surged 10% in September, boosted by pricey for-sale market and job growth Calculated Risk Blog 4th Look at Local Housing Markets in October Redfin Real-Estate Investors Bought a Record 18% of the U.S. Homes That Sold in the Third Quarter Calculated Risk Blog Housing Inventory Nov 15th Update: Inventory Down 1.7% Week-over-week Calculated Risk Blog Seven High Frequency Indicators for the Economy CNBC Mohamed El Erian says Fed is losing credibility over its inflation narrative CNBC U.S. Treasury yields start the week lower

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