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It ain't over 'til it's over, and that seems to be increasingly true of contacted home sales. Trulia reported on Wednesday that, "Deals to sell homes are falling through at a faster rate than they were a year ago and it's agreements for starter homes that are most at risk." The company reviewed the daily status of all listings for the first two months of each quarter from the fourth quarter of 2014 through the fourth quarter of 2016, looking for properties that went from a pending or active contingent status back to being for sale either by an agent or an owner. They sought to determine where it was most common for properties to go from under contract back to for sale status. They call these "sale fails." The analysis found that the proportion of listings that fail at least once has been rising
Housing News
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It ain't over 'til it's over, and that seems to be increasingly true of contacted home sales. Trulia reported on Wednesday that, "Deals to sell homes are falling through at a faster rate than they were a year ago and it's agreements for starter homes... (read more)
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Mortgage Rate Watch
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Mortgage rates fell today , in many cases to levels not seen in well over a month . The average lender was just a hair better than last Thursday, meaning you'd have to go back to November 17th to see anything better. 4.125% is still the most prevalen... (read more)
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MBS Commentary
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As the new year continues, a common new year's theme is in full effect: the stock/bond correlation. Stocks and bonds frequently move together over short time frames (but not over super long time frames). The beginning of any given ... (read more)
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Rob Chrisman
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Ever wondered how much Ben Carson is worth, where he puts his money, and how much money he earns? Here you go . His hearing is today for the HUD spot. "...it's difficult for a child to learn at school if he or she doesn't have an adequate place to li... (read more)
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Housing News
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New home sales are projected to fall in December relative to November, not an unexpected pattern as the year-end holidays approach. The Mortgage Bankers Association (MBA) says its Builder Applications Survey (BAS) for the month shows applications for... (read more)
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MBS Commentary
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Today was one of the more complex trading days we've had recently. Three things were certainly in play and 2 of them were interdependent.
1. Stocks 2. Trump's Press Conference 3. 10yr Treasury auction
Bonds weren't doing much of anyth... (read more)
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freddiemac.mwnewsroom.com
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