Tag Archives: September

New 20+ year record high mortgage rates begin to impact home sales; bifurcation in new vs. existing home prices continues  – by New Deal democrat In addition to updated reports on new home sales and prices, and existing home prices this morning, there’s some very important news on mortgage rates. Namely, at 7.51%, mortgage rates are the highest they have been since December 2000. Here’s what they looked like through the end of last week:...

September JOLTS report: slow progress towards a new equilibrium This morning’s JOLTS report covers September, at the beginning of which the Delta wave peaked and then gradually receded for the remainder of the month. It is also the month that the last of pandemic emergency benefits ended.  We did see the second consecutive decline in job openings, as they decreased 191,000 to 10.438 million (blue in the graph below), while actual hiring...