Pending home sales bounced back in November , partially recovering from a 1.7 percent decline in October. The National Association of Realtors® said its Pending Home Sales Index (PHSI), a measure of contracts signed during the month to purchase existing homes, gained 1.2 percent in November to a reading of 108.5 from 106.7. The index is now up 7.4 percent compared to the November 2018 PHSI. The month-over month change was slightly higher than the estimate of 1.1 percent from analysts polled by Econoday . Those estimates ranged from 0 to 1.5 percent. The forecast from Trading Economics was precisely on target for the October to November change, but fell far short of the actual year-over-year increase with a prediction of 5.8 percent. "Despite the insufficient level of inventory, pending

December 30, 2019 Download our Mobile App: Download our Mobile App: Housing News Pending Home Sales Index Surges Past 2018 Numbers Pending home sales bounced back in November , partially recovering from a 1.7 percent decline in October. The National Association of Realtors® said its Pending Home Sales Index (PHSI), a measure of contracts signed during the month to purchase e... (read more) Rob Chrisman Taxpayer First Act Updates; Program and Processing Notes; China's Effect on Our Interest Rates I was telling my cat Myrtle that I have a problem when people ask me what I’ll be doing tomorrow after midnight. I don’t have 2020 vision! Barring any surprises the Fed has not made it a secret that the FOMC expects to leave short-term ra... (read more) MBS Commentary MBS Live Recap: Bonds Bounce Back After European Close Bond market holiday inertia would have been happy to continue were it not for a relative smattering of drama in European bond markets overnight.  In fact, the inertia at home DID ultimately continue, but that wasn't obviously going to be the cas... (read more) Housing News Mortgage Demand Light For Holidays, But Well Ahead of Last Year The Mortgage Bankers Association (MBA) says mortgage application volume slowed significantly last week as Americans prepared for several major holidays. Its Market Composite Index, a measure of mortgage loan application volume, was down on a seasonal... (read more) Mortgage Rate Watch Highest Mortgage Rates in Just Over a Month Mortgage rates were somewhat higher again today--the 4th day in a row that we've been forced to observe such mildly unpleasant things. Technically, this brings the average lender to the highest rates in more than a month, but it's important to note h... (read more) Housing News Multifamily Delinquencies Ticking Up Slowly Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 0.4 percent in November, down from 3.0 percent the previous month. The portfolio balance at the end of the period was $2.302 trillion compared to $2.3... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.75% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.75% +0.02 0.00 15 Yr. Fixed 5.98% +0.01 0.00 30 Yr. FHA 6.27% +0.02 0.00 30 Yr. Jumbo 6.85% +0.01 0.00 7/6 SOFR ARM 6.32% -0.01 0.00 30 Yr. VA 6.29% +0.03 0.00 Updates Daily - Last Update: 7/3 15 Yr. Fixed Rate 5.98% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.67% -0.10 0.00 15 Yr. Fixed 5.80% -0.09 0.00 Updates Weekly - Last Update: 7/3 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.79% -0.09 0.62 15 Yr. Fixed 6.06% -0.05 0.67 30 Yr. Jumbo 6.78% -0.10 0.40 Updates Weekly - Last Update: 6/26 MBS / Treasuries UMBS 30YR 5.5 99.64 -0.20 Price / Yield Change MBS UMBS 5.5 99.64 -0.20 UMBS 6.0 101.43 -0.13 GNMA 5.5 99.86 -0.11 GNMA 6.0 101.34 -0.06 Pricing as of: 7/6 7:06PM EST 10 Year US Treasury 4.3467 +0.0669 Price / Yield Change US Treasury 2 YR Treasury 3.883 +0.095 5 YR Treasury 3.937 +0.070 7 YR Treasury 4.125 +0.068 10 YR Treasury 4.347 +0.067 30 YR Treasury 4.863 +0.055 Pricing as of: 7/6 7:06PM EST Latest Video Fed will be very careful in 2020: Art Cashin Trade and new Fed board members are potential 2020 risks: CIO Fed will be below target inflation for the next two years: Deutsche Bank se... Trend of moderate growth will continue: Former Atlanta Fed president Around the Web CNBC The Fed seems to have halted a potential crisis in the overnight lending market for now Calculated Risk Blog Question #5 for 2020: How much will wages increase in 2020? Brookings Institution Hindsight is 2020: Reflecting on a decade of research on the future of the middle class Reuters White House adviser says China trade deal signing expected soon Calculated Risk Blog Dallas Fed: "Texas Manufacturing Activity Expands Modestly" NAHB Eye on Housing Top Posts of 2019: What Do Vacancy Rates Tell Us about the Shortage of Housing? CNBC The Fed could face a possible 'inflation scare' in 2020 with commodity prices on the rise CNBC Treasury yields tick higher amid thin trading in holiday season scmp.com China's top negotiator Liu He to visit Washington for phase one trade war deal signing this week, source says CNBC Record highs, Chicago PMI and home sales: 3 things to watch for on Monday CNBC Fixing repo market a 'trial and error' process, former Atlanta Fed president says Calculated Risk Blog Philly Fed: State Coincident Indexes increased in 39 states in November Calculated Risk Blog Question #6 for 2020: Will the core inflation rate rise in 2020? Will too much inflation be a concern in 2020?

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