After last week’s disappointing construction numbers and rising rates, we could use some good news. This week provided!
Source: Kevin Litwicki Universal Lending
Good News For Housing and Mortgage Rates

Several housing reports are out this week that increasingly paint a picture of construction lagging behind other housing metrics. Why are Existing Home Sales outshining Construction and should we be worried?
Source: Kevin Litwicki Universal Lending
Should We Worry About Slower Construction?

Rates have enjoyed unprecedented stability near all-time lows following Brexit (UK’s vote to leave the EU) in late June. While mortgage rates are still reasonably close to those lows, other metrics suggest we may have already seen the big bounce.
Source: Kevin Litwicki Universal Lending
Have We Already Seen The Big Bounce?

Following The UK’s vote to leave the EU, headlines have been awash with “all-time low rates.” While that’s abundantly true for benchmark rates like US Treasuries, mortgage rates aren’t quite there yet–nor have they moved lower at the same pace. What’s up with that?
Source: Kevin Litwicki Universal Lending
The Real Reasons Mortgage Rates Can't Keep Up