Buyer Competition Drops While Homeowners Hold Strong Equity
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Buyer Competition Drops While Homeowners Hold Strong Equity
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Ed Parcaut and Mike Kelly cover mortgage rates, oil supply pressure, mortgage applications, local Stanislaus County activity, and California growth cities.
The 10-year Treasury moved near 4.65, mortgage pricing worsened, and oil pressure returned as WTI pushed toward the high-$80 range. At the same time, mortgage applications increased 1.9%, with purchase applications up 6%.
Ed and Mike also discuss homeownership, buyers under 35, Manteca's growth, and why people are still buying even in a choppy market.
A fast Real Estate Jerky Daily update with the usual bite.
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