Fannie Mae jumped up its forecast for real GDP on a Q4/Q4 basis this week, revising it from 4.8 percent in last month's report to 5.5 percent. The company's economists said they believe this strength partially reflects a pulling forward of growth from 2022, so their estimate for next year has been revised downward by a half point to 3.2 percent. They also said that incoming data for both economic growth and home sales for 2021 were stronger than anticipated. "We continue to expect both to decelerate, but our prior call on the timing appears to have been premature," the December report says. Existing home sales moved higher in October, increasing 0.8 percent to an annualized 6.34 million units. Pending sales, a leading indicator of existing sales, rose 7.5 percent and purchase mortgage applications

December 20, 2021 Download our Mobile App: Download our Mobile App: Housing News Home Sales Forecast Surges as Fannie Mae Revises Timelines Fannie Mae jumped up its forecast for real GDP on a Q4/Q4 basis this week, revising it from 4.8 percent in last month's report to 5.5 percent. The company's economists said they believe this strength partially reflects a pulling forward of growth fro... (read more) Rob Chrisman Sales, Tech, VOE Tools; Freddie and Fannie Changes Continue; Omicron and Mortgage Rates W.C. Fields said, “Money will not buy happiness, but it will let you be unhappy in nice places.” Unfortunately, many people have much less of it, and here’s a quiz to start the week. What are -68 percent, -66 percent, -60 percent, -... (read more) Housing News Investors are Flipping More, Profiting Less Even as home prices rise into the stratosphere home flipping remains an active endeavor, accounting for just under 6 percent of all home sale transactions in the third quarter of this year. A flip is defined as any arms-length transaction during the ... (read more) Mortgage Rates Pandemic News Continues Saying "Not So Fast" to Rising 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 MBS Live Recap: Why Did Today's Fed Comments Hurt MBS? 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 7:31PM 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 7:31PM EST Latest Video The 2pm Bond Report - December 20, 2021 Domestic holiday travel remains strong despite omicron variant The 9am Bond Report - December 20, 2021 European nations impose new restrictions to stem Covid surge Around the Web CNBC Home flipping is getting more competitive and less profitable Calculated Risk Blog Review: Ten Economic Questions for 2021 CNBC SALT deduction relief may be in peril as Build Back Better stalls CFPB CFPB and DOJ Put Landlords and Mortgage Servicers on Notice About Servicemembers' and Veterans' Rights Calculated Risk Blog Housing Inventory December 20th Update: Inventory Down 3.9% Week-over-week Redfin Rental Market Tracker: Rents Jumped 7% in a Month, Up 21% From 2020 Redfin November Marked a New Low for Home Supply Calculated Risk Blog Seven High Frequency Indicators for the Economy Reuters Schumer says Senate to vote on Biden plan despite Manchin objections CNBC U.S. Treasury yields tick lower on fears omicron will dent recovery CNBC World Economic Forum postpones Davos meeting on Covid uncertainty CNBC Goldman cuts GDP forecast after Sen. Manchin says he won't support Biden's 'Build Back Better' plan National Associattion of Realtors Commercial Weekly: Retail Asking Rents Continue to Increase, Increasing Most in Midwestern Southwestern and Southern Metros

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