Lower Oil Prices Give Mortgage Rates a Needed Boost
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Ed Parcaut delivers a quick Real Estate Jerky Daily market update covering lower oil prices, improving mortgage pricing, Dallas Fed inflation data, and next week's major reports.
Mortgage pricing improved by about 14 basis points, WTI crude moved near $68, and oil continued trending lower. Ed explains why lower oil may help future inflation readings and why that matters for mortgage rates.
He also previews Case-Shiller, FHFA, JOLTS, ADP employment, job cuts, mortgage applications, the BLS jobs report, and jobless claims.
A fast market update for buyers, sellers, borrowers, and real estate professionals watching rates.
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