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: 30 Yr. Fixed 6.28% -0.05%   6.13% 7.26% 15 Yr. Fixed 5.81% -0.04%   5.6% 6.59% 30 Yr. Jumbo 6.30% +0.00%   6.1% 7.45% Compare Mortgage Rates from Local Lenders for Nov 16, 2021 Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.28% -0.05 0.00 15 Yr. Fixed 5.81% -0.04 0.00 30 Yr. FHA 6.01% -0.04 0.00 30 Yr. Jumbo 6.30% 0.00 0.00 7/6 SOFR ARM 5.89% -0.06 0.00 30 Yr. VA 6.03% -0.04 0.00 Updates Daily - Last Update: 10/31 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 99.50 -0.06   95.05 100.11 UMBS 30YR 5.5 101.01 -0.04   97.47 101.40 10 YR Treasury 4.094 +0.018   3.932 4.780 MBS Price Change UMBS 4.5 97.47 -0.10 UMBS 5.0 99.51 -0.06 UMBS 5.5 101.02 -0.04 GNMA 4.5 97.59 -0.06 GNMA 5.0 99.65 -0.08 GNMA 5.5 100.79 -0.03 Pricing as of: 11/3 8:42AM EST US Treasury Yield Change 2 YR Treasury 3.586 +0.012 5 YR Treasury 3.700 +0.017 7 YR Treasury 3.888 +0.014 10 YR Treasury 4.093 +0.018 30 YR Treasury 4.672 +0.019 Pricing as of: 11/3 8:42AM EST Other News Fewer New Homes Are Actually Complete When Sold Tue, Nov 16, 2021 11:26AM 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... (read more) Builder Confidence Gaining Ground Despite Challenges Tue, Nov 16, 2021 11:20AM 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 (HMI) rose 3 points from its October level to 83. NAHB chief economist Robert Dietz said low inventories and str... (read more) TPO Loan, e-Signature, Sales, Automation, U/W Products; Lenders and Loan Amounts; Inflation and Retail Sales Driving Rates Tue, Nov 16, 2021 11:52AM 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 milliliters of Guinness are trapped in the average moustache at every sip. I’m reminded of how paper, and P... (read more) 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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