Mortgage Rates and the price of Mortgaged-Backed Securities ended the week where they started. Rates are down approximately 0.75% from this time last year.
Jobs – the BLS Job Openings and Labor Turnover Report showed that job openings has trended down to 6.5M or a nearly 1M decline year over year. The Challenger Report showed 108,435 cuts in January, triple the amount in December – the highest month since 2009. The Revelio Jobs Report showed 13,300 job losses in January, another sign of weakness in the labor market.
Home Values – Cotality released their Home Price Insight Report which showed home values declined nationwide by 0.2% while values increased 0.9% from Dec. 2024 – Dec. 2025. Over the next 12 months Cotality is forecasting a strong 4.5% appreciation.
Mortgage Applications to purchase homes fell 14% from last week but remain up 4% year over year. Refinance applications declined 5% last week but are up 117% year over year.