Mortgage Refinance Applications Are Collapsing. What’s the Impact on the Economy & Markets? by Wolf Richter • Apr 6, 2022 • 199 Comments Consumer spending and asset prices both were boosted by them.
The Most Splendid Housing Bubbles in America, March Update: Just Before the Great Spike in Mortgage Rates by Wolf Richter • Mar 29, 2022 • 246 Comments Raging mania to lock in mortgage rates when they were still at 3.2%. But now they’re near 5%.
The Treasury Bond Massacre and the Spike to 5% Mortgage Rates: This is All Going Very Fast by Wolf Richter • Mar 26, 2022 • 285 Comments Junk bonds are still in la-la-land though, Apocalypse but not now.
Mortgage Rates Are Rising Much Faster than Treasury Yields. What’s the Deal? by Wolf Richter • Mar 24, 2022 • 231 Comments Is the spread heading to what happened in the 1970s and 1980s when the Fed battled blow-out inflation?
Inventory of New Houses Piles Up to Highest since 2008. Sales & Prices Drop. Stocks of Homebuilders Swoon by Wolf Richter • Mar 23, 2022 • 184 Comments Buyers hobbled by spike in mortgage rates and sky-high prices. Builders hobbled by shortages and worst spike in costs ever recorded.
Mayhem in the Treasury Market as Powell Adds 50-Basis-Point Rate Hikes (Plural) to Menu, QT “As Soon As” May by Wolf Richter • Mar 21, 2022 • 289 Comments 10-Year yield hits 2.31%, 30-year fixed mortgage rate hits 4.66%. And why the funny kangaroo-shaped yield curve says nothing about the economy.
Rents for Single-Family Houses and Apartments Blow Out across the US: This Crazy-Hot Rent Inflation is a National Fiasco by Wolf Richter • Mar 15, 2022 • 229 Comments And it has nothing to do with supply chains. Dear Fed, go have a look at the fruits of your labor.
Collapse of the Real-Estate “Tech” IPO & SPAC Stocks: House Flippers Opendoor & Redfin Come Unglued, after Zillow by Wolf Richter • Feb 26, 2022 • 158 Comments “Tech” real-estate broker Compass and “tech” renters-insurance-seller Lemonade collapsed too. All eyes on Better.com’s delayed SPAC deal. I can’t wait.
Inventory of New Houses Highest since 2008 amid Stalled Projects & Worst Spike in Construction Costs Ever Recorded by Wolf Richter • Feb 24, 2022 • 68 Comments Unfinished supply is amassing in the pipeline.
Is 4% the “Magic Number” for Mortgage Rates to Prick the Housing Market (and Stocks)? by Wolf Richter • Feb 23, 2022 • 245 Comments The Magic Number in 2018 was around 4.8%. In 2006, it was around 6%. But with today’s super-inflated home prices? Here are the signs.
