Mortgage Rates Are Dropping

1. Mortgage Rates Dropping

Mortgage rates almost fell below 7% as housing demand picks up.

• 📊 Purchase application data: Four straight weeks of positive purchase application data

• 📈 Mortgage rates and the 10-year yield: 10-year yield below 4.25%, mortgage rates at 7.09%

• 🏠 Weekly housing inventory data: Seasonal decline in housing inventory, forming a bottom in new listings data

• 💼 The week ahead: Jobs week! Four labor data reports expected, including job openings and jobs Friday

2. Buying vs Renting: Renting Remains More Affordable Nationwide

Renting is still cheaper than buying in most places

• 📍 Location Matters: Buying is more expensive in major cities

• 📊 National Trends: Rents have risen to 26% of median US household income

• 💲 Affordability Ratio: Mortgage payments to income increased to 32% from 19%

3. See How Much Home Your Can Afford

Use the Max Purchase Price Calculator to see how much home you can afford

• 🏷️ Discount Code: use code HOME for 20% off

• 🧮 See the formulas loan officers use for your max purchase price

• 🏡 See your monthly payment and utilities estimate

4. Bezos-backed “Arrived” launches single-family home fund

Jeff Bezos-backed company launching new fund for single-family homes

• 💲 Investment Opportunity: Invest in single-family rental properties with as little as $100

• ⭐️ New Fund Features: Diversified investment across multiple properties and markets.

• 👤 CEO's Perspective: Optimistic about robust returns and persistent housing demand

• 📊 Investor Earnings: Platform disbursed over $2.8 million in dividends to investors