Latest Updates Around The World
Iran conflict Traditionally, when there was a military conflict in the Middle East, people expected money to flow into the US dollar and the US bond market as a safe haven, and oil prices to rise. But this really hasn’t happened in recent years. Part of this, I think, is that traders are not afraid […]
Weekly ongoing sales The pending home sales data provides a week-to-week perspective, although results can be affected by holidays and short-term fluctuations, such as January’s massive winter storm. We were showing year-over-year growth at the beginning of the year and that snowstorm slowed things down. Two weeks ago we had a nice week-to-week data print. […]
“Mortgage rates fell, with the 30-year fixed rate falling to 6.17%, and all other loan types in the survey also fell. Refinancing applications rose for all loan types, marking the strongest week for refinancing since mid-January. Overall, however, there was a decline in purchase applications, although VA purchase applications bucked the trend and rose 4%.” […]
Weekly ongoing sales Pending home sales data provides a week-to-week perspective, although results may be affected by holidays and short-term fluctuations, such as the recent winter storm that hit the country. I was expecting a small bounce last week and we were just a little higher than what I was looking for. The winter effect […]
Weekly home inventory data Inventory fell week over week, which isn’t a total surprise for last week, but the magnitude of the drop was notable, and I attribute this to the snowstorm as we saw a year-over-year decline in new listings data. Soon the impact of this storm will pass and we will get back […]
The seasonally adjusted purchase index fell 14% from a week earlier, while the unadjusted purchase index rose 2% from the week before and was 4% higher than the same week a year ago. “Registrations fell last week, reflecting a 14% decline in purchase applications. Winter Storm Fern likely had an impact because much of the […]
Mortgage purchase application details 2026 has had the best start in years for application data buying, with multi-year highs in this index last seen in early 2023, when rates hit 5.99% before rising to 8% later that year. This year, however, conditions for mortgage rates are significantly different: the Fed has already cut rates substantially […]
Mortgage purchase application details Purchase request data had another positive week, both on a weekly and annual basis. The main goal with this data set is to get at least 12 to 14 weeks of weekly gains, and so far the year is moving in that direction. Last week we saw 5% week-on-week growth and […]
Weekly home inventory data Housing inventory is expected to hit a seasonal low sometime in early 2026, hopefully sooner rather than later. We don’t want what happened in 2023, when the seasonal bottom was reached in April. We wish the seasonal bottom would occur in February: more supply means less price growth and better affordability. […]
On an unadjusted basis, the index fell 6% compared to the previous week. The refinancing index fell 6% from the previous week and was 110% higher than the same week a year ago. The refinance share of mortgage activity rose to 59.1% of total applications from 59.0% the week before. The seasonally adjusted purchasing index […]
