Existing home sales moved higher in October, the second consecutive month of growth . The National Association of Realtors® (NAR) said sales of pre-owned single-family houses, townhomes, condos and cooperative apartments was at a seasonally adjusted annual rate of 6.34 million units. This was 0.8 percent higher than the rate of 6.290 million in September but 5.8 percent below the 6.73 million rate a year earlier. Single-family home sales increased 1.3 percent from 5.59 million in September to a seasonally adjusted annual rate of 5.66 million, but this lagged the October 2020 sales by 5.8 percent. Condo and co-op sales fell 2.9 percent month-over-month to 680,000 units and were 5.6 percent lower an on annual basis. Sales were slightly higher than estimated by analysts polled by Econoday

November 22, 2021 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.25% -0.04%   6.11% 7.26% 15 Yr. Fixed 5.71% -0.01%   5.54% 6.59% 30 Yr. Jumbo 6.25% +0.00%   6.25% 7.45% Compare Mortgage Rates from Local Lenders for Nov 22, 2021 Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.25% -0.04 0.00 15 Yr. Fixed 5.71% -0.01 0.00 30 Yr. FHA 5.99% -0.01 0.00 30 Yr. Jumbo 6.25% 0.00 0.00 7/6 SOFR ARM 5.64% -0.01 0.00 30 Yr. VA 6.01% 0.00 0.00 Updates Daily - Last Update: 9/15 Freddie Mac Rate Change Points 30 Yr. Fixed 6.35% -0.15 0.00 15 Yr. Fixed 5.50% -0.10 0.00 Updates Weekly - Last Update: 9/11 Mortgage Bankers Assoc. 30 Yr. Fixed 6.49% -0.15 0.56 15 Yr. Fixed 5.70% -0.14 0.55 30 Yr. Jumbo 6.44% -0.14 0.48 Updates Weekly - Last Update: 9/10 UMBS 30YR 5.5 101.29 0.00   97.47 101.61 UMBS 30YR 6.0 102.46 +0.00   99.66 102.50 10 YR Treasury 4.038 -0.003   3.621 4.780 MBS Price Change UMBS 5.0 99.91 -0.01 UMBS 5.5 101.29 0.00 UMBS 6.0 102.45 +0.00 GNMA 5.0 100.21 -0.03 GNMA 5.5 101.25 +0.03 GNMA 6.0 102.01 +0.03 Pricing as of: 9/16 7:08AM EST US Treasury Yield Change 2 YR Treasury 3.532 -0.004 5 YR Treasury 3.605 +0.005 7 YR Treasury 3.788 -0.003 10 YR Treasury 4.039 -0.001 30 YR Treasury 4.658 -0.002 Pricing as of: 9/16 7:08AM EST Other News Existing Home Sales Rise Slightly but Inventory Tightens Again Mon, Nov 22, 2021 11:11AM Existing home sales moved higher in October, the second consecutive month of growth . The National Association of Realtors® (NAR) said sales of pre-owned single-family houses, townhomes, condos and cooperative apartments was at a seasonally adjusted annual rate of 6.34 million units. This was 0.8 percent higher than the rate of 6.290 million in September... (read more) Fannie Mae Sees Supply Chain, Inflation as Economic and Housing Risks Fri, Nov 19, 2021 12:45PM The ink wasn’t dry on Fannie Mae’s October economic forecast when the month’s Consumer Price Index (CPI) was published showing an inflation rate two-tenths higher than the company’s economists had predicted. Fannie Mae’s November forecast now says their already upwardly revised Q4 2021 forecasts of 6.2 and 4.6 percent for annual... (read more) FHA Cash Out, Pre-Approval Letter, VOE, Digital Products; In-Depth Look Moving Rates; Servicing, AE, LO, FHA Jobs Mon, Nov 22, 2021 11:02AM Time flies. For example, Thanksgiving week is here already. Debbie Harry, of Blondie fame, is 76 years old. Better.com has already been around five years. No lender wants to see the word “fraud” in its history while folks are watching its merger partner SPAC Aurora Acquisition : “Better.com has pushed fees and commissions down to zero, whic... (read more) Latest Video The 2pm Bond Report - November 22, 2021 Powell and Brainard will have to be come pragmatic and judicious hawks in t... Fed Chair Powell addresses his renomination 5-year note auction yield: 1.319% Around the Web Reuters Biden gives Fed's Powell nod to finish pandemic repair CNBC Here's what Jerome Powell's second term as Fed chair means to you Calculated Risk Blog More Analysis on Existing Home Sales CNBC Home sales rose in October as investors rushed into the market Reuters Powell tapped for second term as Fed chair Calculated Risk Blog Seven High Frequency Indicators for the Economy CNBC Treasury yields rise as focus remains on Fed Chair decision Calculated Risk Blog 5th Look at Local Housing Markets in October Fannie Mae Industrial Production Picks Up and Consumption Remains Resilient Despite Higher Prices, Suggesting Q4 Growth Rebound CNBC The 10 most expensive ZIP codes in the US in 2021 CNBC The House passed Biden's massive social safety net and climate bill. Here's what happens next CNBC Covid cases rise yet again in U.S. ahead of Thanksgiving holiday Calculated Risk Blog Q4 GDP Forecasts: Around 5% to 6%

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