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
