Five Minute Maturity – 10/17/2022

Good morning and happy Monday! Today will be short and sweet as our housing data picks up tomorrow. We’ll have three solid days in a row, beginning with the builders. In the bond market today, prices are on the move higher. 10yr T-Notes are +13/32 to yield 3.96%. In...

Five Minute Maturity – 10/12/2022

Good morning and happy hump day! This week’s only piece of housing news was Mortgage Applications from earlier today. It came in -2.00%, making it a negative number in 14 of the past 20 releases. Bonds today are marginally higher, with 10yr T-Notes +3/32 to...

Five Minute Maturity – 10/06/2022

Good morning. Today we got Mortgage Applications at -14.2% This is the biggest down number on this indicator since 3/27/20 when we saw -27.4% and 4/3/20 at -17.9%, at the outset of COVID. This is also now down 11 of the past 14 weeks. This is our only number today....

Five Minute Maturity – 10/03/2022

Good morning and happy Monday! We’ve got a relatively quiet week, housing data-wise. Today, we have Wards Total Vehicle Sales after the stock market’s close. We also have some Fed news, as they have an expedited meeting today to discuss where to set the...

Five Minute Maturity – 09/30/2022

Good morning and happy Friday. Welcome to the weekend! Once again, we don’t have any scheduled housing data today. Freddie was in the news yesterday, as they announced 30yr conforming lending rates rose to 6.7%. Their rate announcements have a 4-5 day lookback. As we...