Five Minute Maturity – 06/24/2022

Good morning and happy Friday! We finished the week with New Home Sales for May at 9:00 central. It was coming off a horrible -16.6% April release, and the street was calling for a -0.2% number today. Instead, it got thrown a curve ball with a +10.7% surprise! Housing...

Five Minute Maturity – 06/22/2022

Good morning and happy hump day Wednesday! We continue with housing news today as we got our weekly release of Mortgage Applications from the MBA at 6:00 central time. This one was for the week ending June 17. It came off +6.6% from the prior week and the negative...

Five Minute Maturity – 06/15/2022

Good morning and happy Fed hump day! Finally, we have housing news! We started with Mortgage Applications for the week ending June 10 at 6:00 central. It followed a -6.5% reading last week and down numbers 12 of the past 15 weeks to gain today at +6.6%. Next, we heard...

Five Minute Maturity – 06/13/2022

Good morning and happy Monday! This week will be slow in the way of scheduled housing news until Wednesday, when things start hopping. Until then, we do have some items of interest for you. Number one, prices on luxury homes are beginning to crack. They’re down...

Five Minute Maturity – 06/10/2022

Good morning and happy Friday! We have some stories today, just no scheduled housing news. Home prices continue to grind higher, giving most homeowners positive equity in their homes. Currently, only 1.1 million homeowners are upside down on their loans, compared to...

Five Minute Maturity – 06/08/2022

Good morning and happy hump day! Today is the only day this week with scheduled housing news, as we got Mortgage Applications for the week ending June 3 at 6:00 central. We were coming off a -2.3% for last week and have had down weeks in 11 of the past 14. Today,...