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Fed Decision Day Brings Rate Relief as Builder Confidence Drops

Fed Decision Day Brings Rate Relief as Builder Confidence Drops

Published 3 weeks, 2 days ago
Description
Ed Parcaut and Mike Kelly cover Fed decision day, mortgage pricing, the 10-year Treasury, builder confidence, retail sales, mortgage applications, refinances, and Stanislaus County real estate activity. Mortgage pricing improved by about 28 basis points, while the 10-year Treasury sat near 4.95. Builder confidence fell to 32, current sales dropped to 35, and buyer traffic stayed at 23. Retail sales rose 1.2% in August, but mortgage applications fell 4.1%. Purchase applications dropped 1%, and refinances fell 9% for the week and 65% year over year. A fast Real Estate Jerky Daily market update with the usual bite. Contact and Social Links: 🔗 **Follow us:**
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