Existing home sales moved higher in October, the second consecutive month of growth . The National Association of Realtors® (NAR) said sales of pre-owned single-family houses, townhomes, condos and cooperative apartments was at a seasonally adjusted annual rate of 6.34 million units. This was 0.8 percent higher than the rate of 6.290 million in September but 5.8 percent below the 6.73 million rate a year earlier. Single-family home sales increased 1.3 percent from 5.59 million in September to a seasonally adjusted annual rate of 5.66 million, but this lagged the October 2020 sales by 5.8 percent. Condo and co-op sales fell 2.9 percent month-over-month to 680,000 units and were 5.6 percent lower an on annual basis. Sales were slightly higher than estimated by analysts polled by Econoday

November 23, 2021 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.22% +0.09%   6.11% 7.26% 15 Yr. Fixed 5.75% +0.04%   5.54% 6.59% 30 Yr. Jumbo 6.14% -0.01%   6.14% 7.45% Compare Mortgage Rates from Local Lenders for Nov 23, 2021 Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.22% +0.09 0.00 15 Yr. Fixed 5.75% +0.04 0.00 30 Yr. FHA 5.95% +0.04 0.00 30 Yr. Jumbo 6.14% -0.01 0.00 7/6 SOFR ARM 5.65% 0.00 0.00 30 Yr. VA 5.98% +0.06 0.00 Updates Daily - Last Update: 9/17 Freddie Mac Rate Change Points 30 Yr. Fixed 6.35% -0.15 0.00 15 Yr. Fixed 5.50% -0.10 0.00 Updates Weekly - Last Update: 9/11 Mortgage Bankers Assoc. 30 Yr. Fixed 6.49% -0.15 0.56 15 Yr. Fixed 5.70% -0.14 0.55 30 Yr. Jumbo 6.44% -0.14 0.48 Updates Weekly - Last Update: 9/10 UMBS 30YR 5.0 99.78 -0.17   95.05 100.50 UMBS 30YR 5.5 101.19 -0.05   97.47 101.61 10 YR Treasury 4.065 +0.034   3.643 4.780 MBS Price Change UMBS 4.5 97.80 -0.24 UMBS 5.0 99.77 -0.19 UMBS 5.5 101.15 -0.08 GNMA 4.5 98.09 -0.07 GNMA 5.0 100.06 -0.15 GNMA 5.5 101.05 -0.16 Pricing as of: 9/17 4:56PM EST US Treasury Yield Change 2 YR Treasury 3.544 +0.041 5 YR Treasury 3.638 +0.052 7 YR Treasury 3.821 +0.049 10 YR Treasury 4.067 +0.036 30 YR Treasury 4.667 +0.015 Pricing as of: 9/17 4:56PM EST Other News Existing Home Sales Rise Slightly but Inventory Tightens Again Mon, Nov 22, 2021 11:11AM Existing home sales moved higher in October, the second consecutive month of growth . The National Association of Realtors® (NAR) said sales of pre-owned single-family houses, townhomes, condos and cooperative apartments was at a seasonally adjusted annual rate of 6.34 million units. This was 0.8 percent higher than the rate of 6.290 million in September... (read more) Fannie Mae Sees Supply Chain, Inflation as Economic and Housing Risks Fri, Nov 19, 2021 12:45PM The ink wasn’t dry on Fannie Mae’s October economic forecast when the month’s Consumer Price Index (CPI) was published showing an inflation rate two-tenths higher than the company’s economists had predicted. Fannie Mae’s November forecast now says their already upwardly revised Q4 2021 forecasts of 6.2 and 4.6 percent for annual... (read more) Tech, Sales, Subservicing Tools; Fee and Processing Changes Around the Industry; Fed Chair Powell Confirmed Tue, Nov 23, 2021 11:06AM The price of plenty of things, not just mortgages, is set by supply and demand. Forget the price of turkey… how ‘bout Christmas trees?! I don’t know how Christmas tree “experts” figure that out, but look for 10-30 percent higher prices than last year, and it has nothing to do with ships stuck in the Suez Canal or China closing ... (read more) Latest Video November Markit manufacturing PMI comes in at 59.1 vs. 59 estimate The 9am Bond Report - November 23, 2021 Here are the major policy decisions facing Fed Chair Jerome Powell The 2pm Bond Report - November 22, 2021 Around the Web Calculated Risk Blog Final Look: Local Housing Markets in October CNBC After hard times for renters, cities and states pass dozens of new protections CNBC 3 reasons workers will be flush with job opportunities in 2022 Calculated Risk Blog Update: The Coming Deceleration in House Price Growth NY Fed Credit Demand Recovers, Returning to Pre-PandemicLevels CNBC Treasury yields rise as investors digest Powell renomination CNBC European markets retreat as investors monitor data, Powell nomination, Covid surge Reuters Biden gives Fed's Powell nod to finish pandemic repair CNBC Here's what Jerome Powell's second term as Fed chair means to you Calculated Risk Blog More Analysis on Existing Home Sales CNBC Home sales rose in October as investors rushed into the market Reuters Powell tapped for second term as Fed chair Calculated Risk Blog Seven High Frequency Indicators for the Economy

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