Existing Home Market for Month Ended: October 2022
The number of EXISTING home sales continue to decrease as both home prices and mortgage rates increased but there is
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The number of EXISTING home sales continue to decrease as both home prices and mortgage rates increased but there is
The Consumer Price Index (CPI) for October was released 11.10.22 and the year-over-year total decreased from 8.2% to 7.7%—it was
In order to produce the below bar/line graphic, one needs matched quarterly and annual data points. It really tells a
Mortgage rates increased from 7.17% to 7.28% on 10.27.22 Spread of Mortgage to 10 Year Treasury is now 332bp which
Unemployment claims are available each WEDNESDAY. They have been increasing since the Fed announced its intention to increase interest rates
Daily changes in the US 10 Year Treasury rates are the blue bars while the red line is the 14-day
For the week ending 10.20.22 Mortgage rates INCREASE 5bp to 7.17%. For a $100,000 loan, the monthly payment INCREASED from
The Consumer Price Index (CPI) for September was released today (October 13th, 2022) and the year-over-year total decreased from 8.3%
Mortgage rates have decreased by 6 basis points to 6.86% for the week ending October 6th, 2022. To simplify, for
This Week’s Data that Could Impact Treasury and Mortgage Rates are monthly updates and Weekly data on Unemployment Claims–Wednesday and
Existing Homes Sales continue to decline (see blue line) due to rising mortgage rates, higher home prices (although prices have declined slightly),
As new home sales spiked in August, months of inventory dropped. Speculation as to why the increase in buying New
Mortgage rates are back on the rise today. Borrowers looking for a 30-year fixed-rate mortgage will find rates over 6.52%.
The Yield Curve inversion increased as short-term rates increased more than the longer term. NOTE 1-year was up 40bp in ONE
INFLATION: The annual number reported each month is a combined string of 12 months of data, think of it as