It wasn't supposed to happen after the banner month for new home sales in September, but sales of those homes rose significantly again in October, jumping 6.2 percent to a seasonally adjusted annual rate of 685,000 units. The seasonally adjusted results for September were the highest in 10 years, and the percentage gain over August, 18.9 percent, was the largest in nearly three decades. The back-to-back increases more than compensate for a somewhat lackluster summer, and put sales 18.7 percent above the 577,000-unit rate in October 2016. The original estimate for September of 667,000 was revised down to 645,000, but remained the highest thus far in 2017. Prior to the release of the joint report from the U.S. Census Bureau and the Department of Housing and Urban Development, Econoday said,

November 27, 2017 Download our Mobile App: Download our Mobile App: Housing News New Home Sales Steamroll Over Expectations It wasn't supposed to happen after the banner month for new home sales in September, but sales of those homes rose significantly again in October, jumping 6.2 percent to a seasonally adjusted annual rate of 685,000 units. The seasonally adjusted resu... (read more) MBS Commentary MBS Live Week Ahead: Countdown to Bond Breakout Begins Over the past two months, we've seen higher lows and lower highs in 10yr yields and mortgage rates.  On a chart, this looks like 2 sides of a "triangle," and is sometimes referred to as such.  Other names include "pennant," or simply "conso... (read more) Rob Chrisman Advice From Industry Leaders; CFPB Leadership Void - Really? The darkest, blackest material known to man? Vantablack . Don't be the last to paint your car with it. Speaking of looking into voids, who is in charge of the CFPB? As Elizabeth Warren points out, it seems that the ability of Trump, or any president,... (read more) Mortgage Rate Watch Mortgage Rate Volatility Will Increase From Here Mortgage rates were roughly unchanged today. That's not too surprising considering lenders don't tend to make big moves on the Friday after Thanksgiving, regardless of market conditions. Moreover, they're working with a shorter-than-normal trading da... (read more) Rob Chrisman Lender Internet News; Vendors Partnering Plenty of lawyers are basketball fans. What had once looked like a defense slam-dunk now isn’t: A federal judge declined to dismiss a fan’s suit that alleges the Warriors Android app violates wiretap laws. The app turns on your mic, suppo... (read more) MBS Commentary MBS Live Day Ahead: A Brief History of Black Fridays For Bond Markets Today is boring .  It was destined to be boring (probably) before it even occurred, and even if it gives the appearance of being exciting at some point in the next few hours, odds are that it will end up looking boring in retrospect.  W... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.78% +0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.78% +0.01 0.00 15 Yr. Fixed 6.04% +0.01 0.00 30 Yr. FHA 6.36% +0.01 0.00 30 Yr. Jumbo 6.90% 0.00 0.00 7/6 SOFR ARM 6.25% 0.00 0.00 30 Yr. VA 6.38% +0.02 0.00 Updates Daily - Last Update: 7/23 15 Yr. Fixed Rate 6.04% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.75% +0.03 0.00 15 Yr. Fixed 5.92% +0.06 0.00 Updates Weekly - Last Update: 7/17 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.84% +0.02 0.62 15 Yr. Fixed 6.14% +0.03 0.69 30 Yr. Jumbo 6.75% -0.06 0.70 Updates Weekly - Last Update: 7/23 MBS / Treasuries UMBS 30YR 5.5 99.37 -0.14 Price / Yield Change MBS UMBS 5.5 99.37 -0.14 UMBS 6.0 101.31 -0.08 GNMA 5.5 99.63 -0.15 GNMA 6.0 101.27 -0.06 Pricing as of: 7/23 7:52PM EST 10 Year US Treasury 4.3837 +0.0377 Price / Yield Change US Treasury 2 YR Treasury 3.878 +0.049 5 YR Treasury 3.930 +0.045 7 YR Treasury 4.144 +0.045 10 YR Treasury 4.384 +0.038 30 YR Treasury 4.939 +0.023 Pricing as of: 7/23 7:52PM EST Latest Video Dallas Fed Kaplan: Increasingly cognizant of financial imbalances Senate tax reform vote expected this week October new home sales blow past expectations Around the Web CNBC Here's where GOP Senate holdouts stand on sweeping tax bill CNBC Fed's Kaplan says rate hike appropriate in 'near future' Bloomberg A 'Completely Flat' Yield Curve and Record-Low Yields Lies Ahead in 2018 CNN This is how long it takes to sell a house NAR - Realtor.com Looking for a Newly Constructed Home? You Have Good Timing Bloomberg Treasury Market's Overlords Tackle Key Question of Transparency Bloomberg Millennials Want to Own Homes Too, If US Economy Would Consent consumerfinancemonitor.com Federal court asked to decide who is CFPB Acting Director NAHB Eye on Housing Single-Family Built-for-Rent Starts: Third Quarter 2017 CNBC Here's how long takes for millennials to buy a home in every US state NAR - Realtor.com Rent No More! 10 U.S. Cities With Huge Increases in Homeownership CNBC Wall Street week ahead: A new Fed chief, the pulse on the housing market and bitcoin mania Bloomberg Trump Vows to Bring CFPB Disaster Back to Life With Mulvaney

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