Mortgage Rates & Applications, Home Values, Home Price Expectations, Rents, Inflation (PCE)
Mortgage Rates improved slightly this week as investors hope there will be a conflict resolution that helps with oil prices. Mortgage rates are down 0.375% from this time last year. Home Values – Case-Shiller released their home price index for March which showed home values rose 0.7%, but when adjusted for seasonality they declined 0.2%. […]
Mortgage Rates and Applications, New Construction, & Pending Sales
Mortgage Rates and the price of Mortgaged-Backed Securities moved sideways this week and are down about 0.25% from this time last year. New Construction – the National Association of Home Builders (NAHB) released their Builder Confidence report for May. It came in better than expected but it is still at low levels (anything under 50 […]
New Fed Chair Starts, Mortgage Rates & Applications, Home Sales, and Inflation
Mortgage Rates worsened this week as the price of oil and inflation indices continue to climb. Rates are down 0.25% from this time last year. Fed Chair – Kevin Warsh returns to the board after a 16-year hiatus. He was confirmed as the new Fed Chair late last month and had his first day in […]
Mortgage Rates & Applications, BLS Jobs Report, Home Values
Mortgage Rates and the price of Mortgaged-Backed Securities (MBS) improved slightly this week with hope/speculation of conflict resolution in Iran. Rates are down approximately 0.5% from this time last year. Jobs – the BLS released their Jobs Report for April which showed 115,000 jobs created. While the headline looked strong Feb was revised lower by […]
Mortgage Rates & Applications, Inflation, Home Values and Rents
Mortgage Rates worsened this week as the price of Mortgage-Backed Securities (MBS) continued their downward trend. Rates are down about 0.5% from this time last year. Inflation – the Fed’s favorite measure of inflation is the Personal Consumption Expenditures Index and the BLS repor swhoed that inflation rose 0.7% in March, the majority due to […]
Single Family Rents, Producer Inflation, Mortgage Rates and Applications
Mortgage Rates and the price of Mortgage-Backed Securities (MBS) have steadily improved over the past month, regaining about half of their losses since the Iran war started. Rents – single family rents, as published by Cotality, increased 1.1% year over year, their slowest pace since 2010. Last year prices were up 2.6% year over year. […]
Home Values, Home Sales, Inflation, Mortgage Rates, and Applications
Mortgage Rates improved slightly this week as the price of mortgage-backed securities recovers from the Iran conflict. Rates are down approximately 0.625% from this time last year. Home Prices – Cotality released their Home Price Insights which showed values nationwide were unchanged month over month. Year over year values are up 0.5%. They are forecasting […]
Mortgage Rates & Applications, Inflation, Home Sales
Mortgage Rates – increased as we saw the price of Mortgage-Backed Securities fall to their worst levels since Aug. 2025. The escalating conflict in Iran has lowered the worldwide supply (despite reserves being released worldwide) of by nearly 20%, causing prices to rise and fear of long term price inflation. Inflation the Personal Consumption Expenditures […]
Mortgage Rates & Applications, Jobs Report, Home Values
Mortgage Rates – moved up this week in response to the escalating conflict in Iran. Geopolitical instability typically moves money into the bond market, often called ‘a flight to security’ and is good for rates. So far, this conflict has seen the opposite reaction, with oil price inflation from depleted oil supply causing deterioration in the […]
Mortgage Rates, Inflation, Rents, Values and Forecasts
Mortgage Rates and the price of Mortgaged-Backed Securities (MBS) moved sideways again this week. The steady upward pattern points to slow improvements in mortgage rates. Rates are down approximately 0..875% from this time last year. Inflation – the Producer Price Index showed headline inflation rose 0.5, slightly higher than expectations. Year over year in declined […]