Mortgage Rates, Home Sales, Home Values
Mortgage Rates and the price of Mortgaged Backed Securities worsened significantly this week, reaching the lowest levels since December 2024. Oil prices spiked this week in response to the conflict in Iran which triggered the Fed futures market to price an 85% chance of a 25bps Fed rate hike next week. The bond market took […]
Jobs Report, Mortgage Rates, and Home Price Expectations
Mortgage Rates – moved sideways this week and remain at the worst levels we have seen since July 2025. Rates are up approximately 0.25% from this time last year. Jobs – the Bureau of Labor & Statistics (BLS) released their Jobs Report for August and it came in stronger than expectation (Mortgage bonds did not […]
Mortgage Rates and Applications, Fed Update, Inflation and Home Values
Mortgage Rates and the price of Mortgaged-Backed Securities (MBS) moved sideways this week. The last two months have been unfortunate for Mortgage Rates as they are now up close to 1/4% from this time last year. Rents – Apartment List released their National Rent Report and it showed that rents are down 0.8% year over […]
National Debt, Home Sales and Values, Mortgage Rates
US Debt hits $40T and is currently increasing at $2T per year. Currently our debt service is over $1T annually (in interest), the second largest budgetary item after social security (which we pay into a specific account with payroll tax). In the previous 9 years the debt has doubled, increasing $20T. This will continue to […]
Mortgage Rates, Retail Sales, Home Values
Mortgage Rates The price of mortgage-backed securities (MBS) improved marginally this week. More importantly, we broke above the 25-day moving average, and a close above that level today would mark the first meaningful stretch above the moving average since June. Rates are currently about 1/8% higher than they were at this time last year. Retail […]
BLS Jobs Report, Mortgage Rates and Applications, Labor Costs
Mortgage Rates and the price of Mortgaged-Backed Securities (MBS) improved very slightly this week but remain on a downward slope. Rates are up from last year by approximately 1/8% Jobs – The Bureau of Labor and Statistics (BLS) released their July Jobs Report which showed a loss of 23,000. The BLS further revised lower the […]
Mortgage Rates & Apps, Inflation, Rents, Home Values, and Oil.
Mortgage Rates – the price of Mortgaged-Backed Securities and mortgage rates worsened again this week to the worst levels we have seen since July 2025. Oil inflation continues to plague mortgage rates. Inflation – the Personal Consumption Expenditures Index showed that all-in inflation fell 0.1% during June and fell from 4.1% to 3.7% year over […]
Mortgage Rates and Applications, New Home Sales, Home Equity, and Oil Prices
Mortgage Rates and the price of Mortgaged-Backed Securities worsened again this week, maintaining the July trend. Oil prices continue to dominate the rate/inflation conversation. Mortgage rates are now similar to where they were one year ago, essentially the highest levels we have seen in the previous year. New Home Sales – signed contracts on new […]
Mortgage Rates and Apps, Starts, Permits, and Pendings, Inflation
Mortgage Rates improved marginally this week as the price of Mortgaged-Backed Securities (MBS) bounced back from a rough start this week. Oil price inflation uncertainty continues to plague the MBS market. Rates are lower by 1/8% from this time last year. Pending Sales fell 5.4% last month (due to higher rates in May in June), […]
Mortgage Rates & Applications, Producer Inflation, Homes Sales
Mortgage Rates and the price of Mortgaged-Backed Securities improved marginally this week. There is still optimism of a conflict resolution in Iran. rates are down approximately 0.5% from this time last year. Inflation – the BLS released their Producer Price Index which showed that headline inflation rose 1.1%, hotter than estimates of 0.7%. Year over […]