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 […]
Mortgage Rates, Inflation, New Construction, Rents
Mortgage Rates and the price of Mortgaged-Backed Securities (MBS) moved sideways this week, ending the week near they started. Rates are down 0.75% from this time last year and just off of 3 year lows. Inflation – the Fed’s favorite measure of inflation, the Personal Consumption Expenditures, came out for December and it creeped up […]
Jobs Update, Home Values, Mortgage Rates & Applications
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 […]
Fed Chair Nominee, Case Shiller Home Values, Rents, Inflation
Fed Chair Nominee – current Fed chair Powell’s term expires on May 15 and Kevin Warsh has been nominated to succeed him. The markets didn’t respond super favorably to this nomination as he is considered more ‘hawkish’ than other potential nominees. Warsh has experience serving on the Fed board of Governors (2006-2011) and has been […]
Mortgage Rates, Inflation, GDP, and Pending Sales
Mortgage Rates and the price of Mortgaged-Backed Securities (MBS) worsened marginally for the second consecutive week. Rates remain near 3-year lows and are down by 0.75% from this time last year. Inflation – the BLS released their Personal Consumption Expenditures Report for both October and November. Both the headline and the Core readings fell from […]
Mortgage Rates, Single Family Rents, Inflation and Mortgage Apps
Mortgages Rates and the price of Mortgaged-Backed Securities (MBS) worsened slightly this week. Rates are down a full percent from this time last year and near the best position we have seen in 3 years. Rents – Cotality release their single-family rent index which showed the single-family rents rose 1.1% year over year in November, […]
Mortgage Rates, Jobs Report, Home Value, Manufacturing
Mortgage Rates and the price of Mortgaged-Backed Securities (MBS) improved this week after Trump’s social media post stating that he is instructing Fannie and Freddie to purchase $200B in mortgage Bonds to help push rates lower. Rates are at their lowest point in the past 3 years. Rates are down 1% from this time last […]