Five Minute Maturity – 10/29/2021

Good morning and welcome to the weekend! All the scheduled releases for this week are done, so we have some other topics to cover. First up, Pending Home Sales released yesterday for Sept. It was slightly disappointing with a drop of -2.3% when the street was looking...

Five Minute Maturity – 10/27/2021

Good morning and happy hump day! Housing news continues with Mortgage Applications coming off a -6.3% reading from last week. It’s been down 5 of the past 8 weeks. Today, it came in at +0.3%! We haven’t had a chance yet to cover yesterday’s outstanding +14% release on...

Five Minute Maturity – 10/25/2021

Good morning and happy Monday! We start getting back into scheduled housing news tomorrow and have a full week. First today, the hot bidding wars we saw earlier during the Covid pandemic are beginning to fade. In April of 2021 74.3% of single-family purchases were...

Five Minute Maturity – 10/22/2021

Good morning and welcome to the weekend! We’re done with scheduled housing news for the week, but we went out in style after that phenomenal +7.0% Existing Home Sales number yesterday! This was the best Existing Home Sales result since September 2020. It was even more...

Five Minute Maturity – 10/20/2021

Good morning and happy hump day! Scheduled housing news came in this morning and we got Mortgage Applications for the week ending Oct. 15th. It came in a -6.3%, making it down 3 of the past 4 weeks. In other news today, the FHFA announced that both the GSE’s (Freddie...