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 […]
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 […]
Mortgage Rates Moving in the Right Direction
30 Second Market Update
June 10, 2024
Last week we saw rates decline at the beginning of the week as some bond-friendly news hit the markets. On Monday the ISM index dropped from 49.2 down to 48.7, […]
Home Price Gains Continue
30 Second Market Update
June 03, 2024
The Case Shiller Home Price Index, which is seen as the industry’s most accurate gauge of home appreciation, showed that home prices rose 0.3% in March, rising to another all-time […]
Existing Home Sales Dip but Demand is Still Hot
30 Second Market Update
May 27, 2024
The National Association of Realtors released their Existing Home Sales report last week for the month of April. It showed that closings on existing homes fell 1.9% which represents an […]
