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October 2, 2019

Overview: Over the past week, unexpected weakness in the manufacturing data was favorable for mortgage rates. Increased trade tensions also were positive, and rates ended the week lower.

The trade conflict between the U.S. and China has reduced exports around the world,...

September 25, 2019

Overview: During an otherwise quiet week, unexpected political events were modestly positive for mortgage rates. Strong housing data had little impact, and rates ended the week a bit lower.

On Tuesday, House Democrats initiated an impeachment inquiry into President Trum...

September 18, 2019

Overview: Over the past week, investors were focused on two major central bank meetings, but neither revealed any significant surprises nor caused much reaction. Stronger than expected U.S. spending and housing data also had little effect, and mortgage rates ended the...

September 12, 2019

We Need More Homes!

Total nationwide inventory fell 1.8% YoY in August [1]

Existing-home supply dropped 1.6% YoY in July [2]

What's Driving Demand?

“These positive demand drivers, which are occurring against a backdrop of persistent shortages in housing stock, are the majo...

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