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 […]
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 […]