Mortgage rates head lower, helped by better mortgage spreads

If we took the worst levels of the spreads from 2023 and incorporated those today, mortgage…

The housing market is better positioned for lower mortgage rates

Weekly housing inventory data While inventory growth this week slowed to 6,803 — well below my…

New listings data is growing and prices still aren’t crashing

New listings data The seasonal peak period is in, and we don’t even see the extra…

Is mortgage demand really picking up?

Purchase application data When mortgage rates fell more than 1% lower in late 2022 and 2023,…

Can mortgage rates keep falling? Job market data is key

10-year yield and mortgage rates  After the intense jobs week data, we ran straight into CPI…

How much longer will we have to deal with higher mortgage rates?

After last week’s jobs week, everything gets more intriguing as each month passes. The labor market…

2024 inventory growth challenges mortgage rate lockdown

The mortgage rate lockdown premise holds that very few people will list their homes when mortgage…

New listings data falls for third week in a row 

Weekly housing inventory data For the third consecutive week, we haven’t quite reached my weekly target…

Are mortgage rates about to fall?

Traditionally speaking, the spreads between the 10-year and mortgage rates is 1.60%-1.80%. Right now, the difference…

Did lower mortgage rates slow housing inventory growth?

My model for inventory growth with higher mortgage rates came crashing down last week. After two…