Existing home sales broke their extended losing streak in October, increasing 1.4 percent from September to a seasonally adjusted annual rate of 5.22 million completed sales. It was the first positive report on sales of existing single-family homes, condos, townhouses, and co-op apartments since last March. The National Association of Realtors® (NAR) said the gain was not enough however to return existing home sales activity to 2017 levels. They lag the 5.5 million transactions last October by 5.1 percent After overshooting the mark with their last six forecasts, analysts polled by Econoday were more restrained and consequently quite accurate in their expectations for October. Their predictions were in the range of 5.10 to 5.35 million units with a consensus of 5.20 million. Single-family

November 21, 2018 Download our Mobile App: Download our Mobile App: Housing News Existing Home Sales Break Free From Losing Streak, Posting October Gains Existing home sales broke their extended losing streak in October, increasing 1.4 percent from September to a seasonally adjusted annual rate of 5.22 million completed sales. It was the first positive report on sales of existing single-family homes, ... (read more) Rob Chrisman Underwriting Product; New Correspondent Investor; Lender Disaster News Do you think non-QM is going to “save your bacon?” After a non-exhaustive survey, it appears that non-QM, aka non-Agency, aka expanded credit, is running at about 3% of overall residential volume. If we do $1.5 trillion this year, my HP-1... (read more) Housing News Troublesome Housing Sector Drags Down Economic Projections Fannie Mae's Economic and Strategic Research Group (ESR) upped their projection for economic growth slightly, to 3.1 percent this year , but say housing will probably have little to do with it. The first estimate for the third quarter GDP came in at ... (read more) MBS Commentary MBS Live Day Ahead: Cue The Thanksgiving Consolidation I used to be annoyed by the word "consolidation."  It was on a short-list of market jargon words that were overused and possibly nebulous.  But over the years we've become friends .  If it has annoyed or confused you, give it another ... (read more) Housing News Improved Rates Have Little Impact on Mortgage Volume Mortgage rates pulled back slightly during the week ended November 16, but that did little to move mortgage applications higher. The Mortgage Bankers Association said its Market Composite Index, a measure of overall application volume, continued to t... (read more) MBS Commentary MBS Live Recap: Bonds Refuse to Follow Stocks Lower We've had a pretty good run recently where bond yields have been willing to at least move in the same direction at the same time during sharper stock sell-offs.  No luck on that front today however.  Stocks sold-off in moderately sharp fa... (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 99.38 -0.13 UMBS 6.0 101.31 -0.09 GNMA 5.5 99.64 -0.13 GNMA 6.0 101.28 -0.05 Pricing as of: 7/23 8:49PM EST 10 Year US Treasury 4.3837 +0.0377 Price / Yield Change US Treasury 2 YR Treasury 3.878 +0.049 5 YR Treasury 3.932 +0.047 7 YR Treasury 4.144 +0.046 10 YR Treasury 4.386 +0.040 30 YR Treasury 4.942 +0.025 Pricing as of: 7/23 8:49PM EST Latest Video Fed's current path will roll over US economy, says Natixis chief economist Santelli Exchange: The Fed blinks Existing home sales rise 1.4 percent Around the Web NAR - Realtor.com Fewer Homes May Require Human Appraisals, but That May Not Be a Good Thing Reuters Atlanta Fed leaves U.S. fourth-quarter GDP growth view at 2.5 percent Calculated Risk Blog Comments on October Existing Home Sales Calculated Risk Blog NAR: Existing-Home Sales Increased to 5.22 million in October CNBC Consumer sentiment hits 97.5 in Nov., vs. 98.3 estimate Federal Reserve Agencies announce threshold for smaller loan exemption from appraisal requirements for higher-priced mortgage loans Calculated Risk Blog Weekly Initial Unemployment Claims increased to 224,000 CNBC US durable goods orders fall 4.4% in October NAHB Eye on Housing Townhouse Construction Continues Strong Performance Bloomberg Even Italy's Most Loyal Bond Buyers Are Getting Cold Feet Now Bloomberg Why Has The Rally in Treasuries Been Limited? Calculated Risk Blog Housing Inventory Tracking consumerfinancemonitor.com Banking Agencies Propose Rule to Increase Appraisal Exemption Transaction Value

© 2025  Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: [recipientemail]. Go here to UNSUBSCRIBE from this email.