Strong Treasury Demand Gives Mortgage Markets a Little Breathing Room
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Strong Treasury Demand Gives Mortgage Markets a Little Breathing Room
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Ed Parcaut and Mike Kelly cover Stanislaus County closings, next week's CPI and PPI reports, the 10-year Treasury, mortgage pricing, strong bond auctions, Iran comments, Prop 37 buyer-assistance concerns, FAIR Plan increases, Zillow Gone Wild, Community Corner events, and contractor referrals.
Stanislaus County reached 55 October closings after seven more properties closed. Mortgage pricing was worse by about 16 basis points while the 10-year Treasury sat near 5.26 and continued battling the 5.29 level.
Ed also explains why next week's inflation reports matter and why Prop 37 may mainly benefit new-home builders instead of the broader resale market.
A fast Real Estate Jerky Daily update with the usual bite.
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