Sacramento Market Update 7.26.2023
View this email in your browser We have entered into the seasonal summer slowing of the housing market. If you made note of the Market Update graphic from last week, we saw that from June to July, active listings went up, pending sales went down slightly and closed sales dropped a bit. There w
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Sacramento Market Update 7.19.2023
CPI and PPI came to save the day late last week. The numbers show inflation is continuing its downtrend. The 10yr yield that we discussed last week very quickly retreated from it's recent highs over 4%, and the 30yr mortgage rate followed along with it. Mortgage rates dropped from 7.35% last
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Sacramento Market Update 7.12.2023
I mentioned last week was packed with lots of economic jobs data. The data that came out could be confusing and it definitely affected the bond market, which as a reader of this newsletter, we know to watch the 10yr bond yield. The 10yr bond yield is closely tied to the 30yr mortgage rate. As
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