Mortgage Rates Improve Again, Despite Headwinds From Economic Data

The phrase "data dependent" is ingrained in the current bond market psychology for good reason.  Weaker trends in economic data will reliably cause the Fed to cut rates when the time comes.  This is particularly true for inflation-related data, but other reports still matter.  One of

Black Homeownership Up, but Not to 2004 Level

The gap between Black and white homeownership rates closed over the pandemic, but disparities remain.

‘Zombie’ Foreclosures Shrink in Second Quarter

Foreclosure activity is down nearly 25% YOY, following a surge that hit after a nationwide Covid moratorium on lenders pursuing delinquent homeowners.

Single-Family, Multifamily Growth Trends Diverge

Labor and supply shortages, and higher mortgage rates continue to be issues for both the single-family and multifamily markets