Five Minute Maturity – 01/07/2022

Good morning and welcome again to Friday and the weekend! News is rather sparse today on the housing front with nothing scheduled. We dug deep to find some items of interest for you. First up, Freddie Mac’s quoted 30yr mortgage rate was 3.47% at the close yesterday,...

Five Minute Maturity – 01/05/2022

Good morning and happy hump day! We have two news items to cover this morning: First is Ward’s Total Vehicle Sales for Dec. from yesterday afternoon, and it was a big 660k miss! Nov. put in a 12.86 million annualized number, and the street was looking to rise to 13.1...

Five Minute Maturity – 01/03/2022

Good morning and welcome to 2022, it ought to be interesting! We start scheduled releases tomorrow with Wards auto sales. Today, we’re going to look at one story critical to battling the inflation on the Fed’s plate this year. During the pandemic,...

Five Minute Maturity – 12/29/2021

Good morning and happy hump day! We had housing news again today in the form of Pending Home Sales for the month of Nov at 9:00 central time. The street was calling for +0.8% after a robust +7.5% Oct. number. We missed at -2.2%. We didn’t get our weekly Mortgage...

Five Minute Maturity – 12/27/2021

Good morning and happy Monday! I hope you had a great holiday! We start getting back into scheduled housing news tomorrow. Today is quiet, but I did find a couple of things worth mentioning. Serious delinquencies (90+ days) are about 2.5 times higher than in Feb....