NAR Reports Pending Home Sales +6.3% in December

Despite predictions for a flat December number, Pending Home Sales were up +6.3% for the month following a -3.7% number for November. The data is from the National Association of Realtors and is based on signed contracts for the month.

So far stocks are up slightly and bonds, including mortgage bonds, are down, causing rates to tick up. Good economic news typically results in bond selloffs which pushes rates higher.