Q2 2022 returns are HALF of the prior quarter. The 4-quarter return remains at near record levels due to the elevated prior quarterly returns. Rising 10 Year US Treasury Rates are …
The Consumer Price Index (CPI) for July was released today and the year-over-year total decreased from 9.1% to 8.5% as gasoline prices decreased in July. Core was unchanged at 5.9%. …
Daily changes in the US 10 Year Treasury rates are the blue bars while the red line is the 14-day cumulative change in rates: a 23 basis point decrease. For …
The Federal Reserve’s next meeting is THIS Wednesday, July 27th. The debate amongst economists now is how much will the Feds raise rates: 75bp vs 100bp. With the unemployment rate remaining …
On July 26th the DEMAND SIDE data is scheduled to be released on Unit sales, Price, and Months of Inventory. While new home sales are up to 850,000, the volume being built is nowhere …
Daily changes in the 10 years have been swinging up and down in groups of days. The market is trying to find direction. With robust new jobs and CPI up this past …
10 Year US Treasury rates increased 17 basis points for the week ending June 2nd, 2022. This will put upward pressure on this coming week’s mortgage rates. The short-term yield curve remains …
Inflation improved in April, and as such the Yield Curve dropped particularly for longer-term rates this past week
Total 4 quarter return for March 31st, 2022 attained a RECORD HIGH of 21.9% but look out for rising 10 Year US Treasury Rates. NCREIF Total Property Returns The main driver was industrial …
Mortgage rates have increased 20 bps while 10 Year US Treasuries have also increased by 20 bps, thus the spread remained at 245 bps. As predicted, at the May 4th …
The Yield Curve has had slight changes this past week (the red line is current, and the green is last week). The Yield Curve is virtually flat for 5+ years and the inversion is BACK.
MORTGAGE RATES ARE NOW WELL ABOVE 5.00% and decreased 1 bps to 5.30%. For a $100,000 loan, the monthly payment decreased by $1 to $555 which is equal to $0.02 a day.
With the STEEP short-term portion of the Yield Curve, the Fed can increase Fed Funds by nearly 200 bps and yet have no changes in longer-term Treasuries (ie 5+ years). The result can still have a “normal” shaped Yield Curve. In fact, a Yield Curve shape is very similar to the pre-COVID-19 Yield Curve.
10 Year US Treasury rates increased 7 bps for the week ending April 14th, 2022. 1 & 5 Year Treasuries were up a by a LARGE margin (17 bps). This …
One month ago, mortgage rates were ~4.00% and income needed to qualify for a $100,000 loan was $20,500. Now, with rates at 5.31% $23,800 is needed. This is an increase …
MORTGAGE RATES ARE NOW OVER 5.00% and increased 28 basis points to 5.20%. 28 bps was nearly a 3-sigma event that being 30 bps (in 51 years a 1% event). …
The Consumer Price Index (CPI) for March 2022 data was released on April 12th, 2022 and year-over-year levels came in at high’s last seen in 1981. The main driver of …
Energy costs and Used car price spike are causing choppiness in the month to month data. Below is energy costs. The GREAT news is the spike outlier of 5.0 for March 2021 will drop off.
When COVID-19 first hit the US in March 2020 sales of NEW homes immediately stalled but quickly resumed as interest rates declined. With record-low mortgage rates, sales of NEW homes surged in late 2020 and into 2021. As mortgage rates increased sales slowed but appear to be at levels slightly below levels that prevailed prior to March 2020. The increased sales with multi-generational lows may have brought demand forward, thus giving the impression that NEW home sales have stalled.
After a VERY UNUSUAL bout of 3 weeks of consecutive rate increases of 25+bps, mortgage rates increased 5 bps this past week ending 4.7.22 and now stand at 4.92%. (a review of …
As the Feds raise rates to fight inflation, will it cause the price of Gas or Used Car Prices to decrease? Both are supply-related issues. What is noticed is the …
10 year US Treasuries were up 14 bps this past week vs 26 bps for Mortgages. Thus the spread increased by 12 bps to 60 bps ABOVE the long term …
Rates rocket up and feather down. Right now it is and will continue into the foreseeable future—it is rocket time, buckle up. We will be hitting 5.00%+ well before year end. (i.e. …
Mortgage rates increased 31 bps this past week to 4.36%. The Fed increased rates 25 bps on March 15th, 2022, with many more increases to follow and a reduction in …
For the 7-day period ending March 17th, 2022, the 10-Year Treasury rates increased 22 bps while mortgage rates increased 31 bps. This caused the net spread between the two to …
