After three solid months of new home sales, some give-back could only be expected ; exactly what happened in December. The Census Bureau and the Department of Housing and Urban Development report that sales of newly constructed homes fell 9.3 percent in December. The seasonally adjusted annual rate of 625,000 was down 9.3 percent from the November revised estimate. That still left the December sales up a healthy 14.1 percent higher than sales in December 2016. What probably hurt more than the slowing sales in December was the November revision . The original estimate, 733,000, was not only unexpected, but represented what would have been the highest rate of sales since the housing crash. The month's sales are now estimated at 689,000. Analysts had been looking for a rollback but had expected

January 25, 2018 Download our Mobile App: Download our Mobile App: Rob Chrisman Down Payment Study; The "New" CFPB; Solid Housing and Lending Stats Yes, rates have gone up, but residential applications have been up for three straight weeks. There is little denying that employment, housing, and the overall economy is doing well. (Yes, Toys R Us is closing 182 stores, but supposedly due to the shi... (read more) Housing News Rough Finish to a Strong Year for New Home Sales After three solid months of new home sales, some give-back could only be expected ; exactly what happened in December. The Census Bureau and the Department of Housing and Urban Development report that sales of newly constructed homes fell 9.3 percent... (read more) MBS Commentary MBS Live Day Ahead: Bond Patterns Repeating as ECB Stays The Course Corrections are one of the trading themes we frequently discuss when there is broader momentum in either direction.  In its simplest form, a correction can be thought of as a short trend (2-4 days) that points in the opposite direction from pre... (read more) Mortgage Rate Watch Mortgage Rates Can't Catch a Break After taking just one day off from the prevailing move higher, mortgage rates were back at it today, heading back to the worst levels in more than 9 months. The average lender is now back in line with the highs seen 2 days ago on Monday afternoon. Ov... (read more) Housing News Best Year For Home Sales Since 2006, Despite Headwinds Despite a poor showing in December , existing home sales in 2017 were the best levels in 11 years. The National Association of Realtors® (NAR) said the finished with 5.51 million sales of existing single-family homes, townhomes, condos, and coope... (read more) MBS Commentary MBS Live Recap: Bonds Back to Weaker Ways After 1-Day Break Yesterday was nice while it lasted.   Against a sea of redness, it stood out like a beautiful green shoreline.  Unfortunately, that shoreline turned out to belong to an island and that island was quickly swallowed up by the angry red sea.&... (read more) Mortgage Rates 30 Yr. Fixed Rate 7.02% +0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 7.02% +0.01 0.00 15 Yr. Fixed 6.37% 0.00 0.00 30 Yr. FHA 6.30% -0.02 0.00 30 Yr. Jumbo 7.20% 0.00 0.00 7/6 SOFR ARM 6.99% +0.04 0.00 30 Yr. VA 6.32% -0.02 0.00 Updates Daily - Last Update: 11/14 15 Yr. Fixed Rate 6.37% +0.00% Rate Change Points Freddie Mac 30 Yr. Fixed 6.78% -0.01 0.00 15 Yr. Fixed 5.99% -0.01 0.00 Updates Weekly - Last Update: 11/14 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.73% +0.21 0.69 15 Yr. Fixed 6.27% +0.29 0.77 30 Yr. Jumbo 6.77% +0.04 0.49 Updates Weekly - Last Update: 10/30 MBS / Treasuries UMBS 30YR 5.5 98.84 -0.16 Price / Yield Change MBS UMBS 5.5 98.89 -0.11 UMBS 6.0 100.55 -0.08 GNMA 5.5 99.51 -0.15 GNMA 6.0 100.66 -0.16 Pricing as of: 11/14 5:48PM EST 10 Year US Treasury 4.4487 -0.0153 Price / Yield Change US Treasury 2 YR Treasury 4.354 +0.081 5 YR Treasury 4.331 +0.031 7 YR Treasury 4.390 +0.017 10 YR Treasury 4.442 -0.022 30 YR Treasury 4.593 -0.041 Pricing as of: 11/14 5:48PM EST Latest Video December new home sales fall to 625,000 annual rate German bund yields pop after ECB interest rate announcement Here's how rising rates and inflation will impact equities Around the Web Freddie Mac Freddie Mac Issues Monthly Volume Summary for December 2017 CNBC Bill Miller: A rush out of bonds is about to 'propel stocks significantly higher' CNBC Retail investors make massive move into bond funds just as smart money says bonds going down CNBC Trump: I would reconsider massive Pacific trade deal if it was 'substantially better' Calculated Risk Blog A few Comments on December New Home Sales Reuters ECB hits out at Washington for talking down the dollar Brookings Institution Hutchins Roundup: Health and earnings, Quantitative Easing as conventional policy, and more Calculated Risk Blog Kansas City Fed: Regional Manufacturing Activity "Growth Strengthened Further" in January CNBC Leading indicators gain in Dec., expected to continue momentum due to tax reform Freddie Mac Mortgage Rates Jump Again Freddie Mac Freddie Mac Prices $1.1 Billion Multifamily K-Deal, K-072 Redfin Luxury Home Prices Up 7 Percent in the Fourth Quarter Calculated Risk Blog Weekly Initial Unemployment Claims increase to 233,000

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