Today’s podcast discusses the recent move lower in mortgage rates and what are the limits on it going lower. Also, we discussed the current purchase application data, and it will have a similar run as it did last year when mortgage rates were falling? Remember that year-over-year data is working from extremely low comps, so try taking some of the better year-over-year data in context to the historical crash we had in sales last year. I still see people making mistakes on this.
For those who prefer a YouTube channel, HousingWire has its YouTube channel, and both podcasts each week will be there now.
Every weekend for HousingWire, we bring out the weekly HousingWire Tracker report, where I take a deep dive into the current and forward-looking housing data lines so you can be up to date with the data lines that matter in housing. If you would like to join HW Plus to have access to the tracker, please use my LoganVIP20 code.
“Keep your face always toward the sunshine and shadows will fall behind you” Walt Whitman
Logan Mohtashami is a Lead Analyst for Housing Wire, a financial writer, and a blogger covering the U.S. economy with a specialization in the housing market. Logan Mohtashami, now retired, spends his days and nights looking at charts and nothing else.