Last month's resurgence in pending home sales didn't last long . Sales ended a three-month fad in June with a 1.5 percent increase in the Pending Home Sales Index (PHSI), but it dropped back by 0.8 percent in July. The National Association of Realtors®(NAR) says its PHSI registered 109.1 percent from a downwardly revised 110.0 in June. The June index was originally reported at 110.2. The July number was 1.3 percent lower than the PHSI a year earlier and has now fallen year-over-year in three of the last four months. NAR said the West was the only region so show a slight gain. The PHSI was at the mid-range of analysts' predictions. Econoday's poll had a consensus of a 0.4 percent gain, but estimates ranged from -2.0 percent to +0.8 percent. Lawrence Yun, NAR chief economist, continues to

August 31, 2017 Download our Mobile App: Download our Mobile App: Housing News Pending Sales Slide on "Staggering" Lack of Inventory Last month's resurgence in pending home sales didn't last long . Sales ended a three-month fad in June with a 1.5 percent increase in the Pending Home Sales Index (PHSI), but it dropped back by 0.8 percent in July. The National Association of Realtor... (read more) Rob Chrisman Disaster Updates, Impact on Secondary Markets; Lender and Bank M&A Calling out attorneys with the U.S. Consumer Financial Protection Bureau for its "blatant disregard" for judicial instructions, the CFPB was dealt a legal setback recently that has caught the attention of lenders. What - the CFPB needs facts ? While ... (read more) MBS Commentary MBS Live Day Ahead: Month-End Trading, Inflation Data, and 3 Options For Bonds This week has admittedly been the same sort of summertime trading week that we've seen for most of July and August--perhaps even more so .  By that I mean that volumes and liquidity are low, thus allowing some market movers to have bigger effec... (read more) Mortgage Rate Watch Higher Today, But Still 2nd Best Day of 2017 For Rates Mortgage rates were technically higher today vs yesterday, but unless you've been following day-to-day movements under a microscope, you probably won't mind. Reason being: apart from yesterday, today's rates are still easily the best we've seen since... (read more) Housing News The ARM Will Rise Again... Probably To paraphrase Mark Twain, reports of the demise of the ARM may have been greatly exaggerated . The market share of ARMs (adjustable rate mortgages) dropped to 2 percent of originations and have fluctuated between 5 and 13 percent since, rising when f... (read more) MBS Commentary MBS Live Recap: Bond Traders Break Out The Bumpers Bond markets had a reasonably good day, all things considered.  The caveat is that we shouldn't read much of anything into today's trading because it was exceptionally light and downright mechanical at times.   By that I mean that it l... (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 98.99 +0.06 Price / Yield Change MBS UMBS 5.5 98.98 +0.05 UMBS 6.0 100.64 +0.07 GNMA 5.5 99.61 +0.05 GNMA 6.0 100.74 +0.03 Pricing as of: 11/15 7:22AM EST 10 Year US Treasury 4.4305 -0.0083 Price / Yield Change US Treasury 2 YR Treasury 4.319 -0.031 5 YR Treasury 4.307 -0.019 7 YR Treasury 4.373 -0.014 10 YR Treasury 4.433 -0.006 30 YR Treasury 4.593 +0.010 Pricing as of: 11/15 7:22AM EST Latest Video Water damage warning signs include odor, dampness Secretary Mnuchin: No question debt ceiling will be raised Chicago PMI 58.9 vs. 58 estimate Around the Web consumerfinancemonitor.com Banking Agencies Address Disaster Relief for Hurricane Harvey Victims CNBC IRS makes it easier for Harvey victims to tap 401(k) money for rebuilding Calculated Risk Blog Goldman: August Payrolls Preview NAHB Eye on Housing Gains in July U.S. Personal Income Calculated Risk Blog August Employment Preview Bloomberg Rules Relax, Rates Rise and Some New Banks Start Up in the US CNBC Subprime is now nonprime': High-risk mortgage lending is back CNBC Bond market shows worrying sign as debt-ceiling drama looms NAHB Eye on Housing Strong Q2 GDP Growth Confirmed Reuters Wells Fargo finds more unauthorized accounts, online billpay problems CNBC US jobless claims rise marginally as labor market tightens CNBC US consumer spending rises moderately, but inflation remains muted builderonline.com Flood Insurance Explained

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