Mortgage Rates Slip, Pending Home Sales Stall

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Pending home sales: Was it Irma’s fault? The index measures future market activity based on contract signings. September’s reading is the lowest since January 2015 at 104.7. It’s also 3.5.

(Bloomberg) — Contract signings to purchase previously owned U.S. homes increased in May, indicating Americans may be responding to declining mortgage rates.The index of pending home sales rose 1.

Mortgage rates today, February 8, 2019, plus lock recommendations Mortgage Rates Slide Sideways Again  · Mortgage Rates Continue in Narrow Range Mortgage rates have mostly been moving sideways recently.From Matthew Graham at Mortgage News Daily: Mortgage Rates Resisting a Move LowerMortgage rates were almost perfectly unchanged again today, meaning they. Source: Mortgage Rates Continue in Narrow Range More from my site"Mortgage Rates at 2-Week Lows"Mortgage Rates.February 8, 2019 Mortgage rate may not be quite as low as they were on January 31st, but they nonetheless managed to end at the. Today’s Rates Best Execution.

 · Contracts to purchase previously owned U.S. homes unexpectedly decreased in November on a sudden pickup in mortgage rates and limited. Pending Existing-Home Sales Fall on Higher Mortgage Rates.

Pending home sales fell 2.5% in November as prospective buyers were put off my higher mortgage rates. stock-market investors have profited smartly from a postelection rally, but home buyers have.

The National Association of Realtors says that its pending home sales index slipped 1 percent to 101.9. That followed a 4.3 percent jump in January, which came after average mortgage rates fell from a recent peak of nearly 5 percent in November.

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They said the increase in pending home sales suggested sales of existing homes likely rose to an annual rate of between 5.6 million units. but summer will be quite slow,” said Paul Anastos,

* The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the.

Pending home sales drop 1% in February, despite lower mortgage rates Real Estate Homebuyers signed 1 percent fewer contracts to buy existing homes in February compared with January, according to the National Association of Realtors’ pending home sales index.

Microsoft shares traded lower Thursday after the computing giant posted solid December quarter revenues but noted slowing growth rates for its Azure cloud offering and the impact of a strong U.S.

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Rising Mortgage Rates Show Impact Last Updated on November 10th, 2017. Over this period, totaling 365 months, there were 156 instances where the five-year residential mortgage rate increased over the prior month, and in 97 of these cases, house prices increased two months later. That means that 62% of the time, increasing mortgage rates corresponded with higher pricing.