Reaction
Instant Reaction: Jobs, October 7, 2022
Job gains continued in September 2022 with a solid 263,000 net new additions and the unemployment rate is tight at 3.5%. www.nar.realtor – Research
Instant Reaction: CPI Inflation, July 13, 2022
Consumer price inflation is the highest in over 40-years and showed no sign of slowing down in June. It rose by 9.1% and is accelerating. www.nar.realtor – Research
Instant Reaction: Mortgage Rates, June 30, 2022
The 30-year fixed mortgage rate dropped to 5.7% from 5.81% the previous week. Although rates are significantly higher than last year, they are still historically low, remaining below 6%. www.nar.realtor – Research
Instant Reaction: CPI Inflation, June 10, 2022
Rising rents and home prices (not part of CPI Inflation) have caught up with multiple years of housing underproduction of single-family homes and apartments. www.nar.realtor – Research
Instant Reaction: Mortgage Rates, May 19, 2022
Following the 10-year Treasury yield trend, the 30-year fixed mortgage rate fell to 5.25% from 5.30% the previous week. www.nar.realtor – Research
Instant Reaction: Mortgage Rates, April 14, 2022
Mortgage rates surged to 5% for the first time in over a decade (since February 2011). Elevated inflation continues to push up mortgage rates. www.nar.realtor – Research
Instant Reaction: Mortgage Rates, April 07, 2022
The 30-year fixed mortgage rate rose to 4.72% from 4.67% the previous week; mortgage rates have increased by 1.5 percentage points since the beginning of the year, hurting affordability. www.nar.realtor – Research
Instant Reaction: Mortgage Rates, March 31, 2022
Mortgage rates surged for the fourth straight week, rising to 4.67% from 3.76% in the first week of March 2022, significantly increasing borrowing costs for buyers. www.nar.realtor – Research
Instant Reaction: Jobs, March 4, 2022
The employment gap between current conditions and pre-COVID days is narrowing, with only 2.5 million more jobs needed to get there. www.nar.realtor – Research
Instant Reaction: Mortgage Rates: February 3, 2022
Mortgage rates remained unchanged from the previous week at 3.55%. Following the trend of the 10-year Treasury yield, rates took a pause from their recent rally. www.nar.realtor – Research