US Job Growth Far Weaker Than Originally Reported
30 Second Market Update
August 26, 2024
Preliminary annual benchmark review of employment data from the Bureau of Labor Statistics (BLS) reveals that U.S. job growth over the past year was much weaker than initially reported, with […]
Mortgage Applications Surge By 16.8%
30 Second Market Update
August 19, 2024
In the week ending August 9, 2024, mortgage applications surged by 16.8% from the previous week, according to the Mortgage Bankers Association (MBA). This increase was driven by a 35% […]
Tappable Equity Reaches Record High
30 Second Market Update
August 12, 2024
The latest ICE Mortgage Monitor report reveals that tappable home equity in the US has soared to an unprecedented $11.5 trillion, with 60% of mortgage holders having at least $100,000 […]
Home Price Update: Why Waiting Could Cost You
30 Second Market Update
August 05, 2024
The Case Shiller Home Price Index, the top standard for measuring home values, showed a 0.3% rise in home prices for May, hitting a new record high. Without seasonal adjustments, […]
Home Sales Drop, But There’s Hope Ahead
30 Second Market Update
July 29, 2024
Home sales dropped 5.4% in June, more than the expected 3%. This is a 5.4% decrease from last year. The report likely reflects home shopping in April and May when […]
Lower Rates Could Support a Refinance Rally
30 Second Market Update
July 22, 2024
Analysts at the Investment banking company Jefferies, predict that upcoming Federal Reserve rate cuts could trigger a significant refinance rally, unlocking $2.7 trillion in refinancing opportunities. They foresee mortgage rates […]
Understanding The Real Story Behind Housing Inventory and Prices
30 Second Market Update
July 15, 2024
Lately, there have been many stories suggesting that there are a lot more houses for sale, prices are dropping drastically, and home values are declining. However, these headlines can be […]
National Home Prices Keep Going Up!
30 Second Market Update
July 01, 2024
The Case Shiller Home Price Index, a trusted measure for home value changes, showed that prices went up by 0.3% in April, hitting a new record high! This number is […]
Myths About Divorce Mortgage Lending
General News
June 25, 2024
Divorce is a challenging process that brings numerous financial considerations, one of the most significant being the impact on homeownership. Among the myriad of concerns, mortgage lending during a divorce […]
Rents and Mortgage Rates
30 Second Market Update
June 24, 2024
CoreLogic released their Rental Report for the month of April, showing that rents were up 3% year over year, down from 3.4% in the previous monthly report. St. Louis led […]
Bond Friendly Inflation News
30 Second Market Update
June 17, 2024
The May Consumer Price Index (CPI) showed no overall inflation, better than the expected 0.1% rise. Year-over-year inflation dropped from 3.4% to 3.3%, also below predictions. This drop was helped […]
Market Reactions to CPI Data and Fed’s Latest Financial Outlook
General News
June 13, 2024
In a recent development, bond markets exhibited a remarkable rally following the latest CPI data, which showed a monthly core inflation rate lower than anticipated. This optimism, however, was tempered […]
