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For the third consecutive month, the Economic and Strategic Research (ESR) Group revised its full-year 2021 real gross domestic product (GDP) downward, slowing growth projections from 5.4% to 4.9%, reflecting a more pessimistic view of when the supply chain will get up to speed. The ESR Group also upwardly revised its inflation projections and expectations that service-related consumer spending will take longer to return back to normal. 

The net share of Americans who think it’s a good time to buy a home fell in September, returning to a record low first seen in July.

PennyMac, UWM, already offering higher-balance "conforming" loans of up to $625,000 ahead of official announcement.