Market Update with JohnB: September 4th, 2023

Home prices go flat, home loans have been getting paid, student loan are about to be, and jobs are looking bad in the best way

Author

John Birke
September 05, 2023

🔥September 5th, 2023🔥

I know you were working. So I was too, thus here’s today’s market update.

Check out this week’s video 📽👇

Last week: Home prices go flat, home loans have been getting paid, student loan are about to be, and jobs are looking bad in the best way

🏠 Home Prices: Officially flat YoY in June. Is this a signal for price drops to come?

Case-Schiller Report

Are we on the verge of a cooldown? Or a crash?

www.cnbc.com/2023/09/01/home-prices-rise-in-july-but-may-be-on-the-verge-of-cooling-off.html

💲 Mortgages Getting Paid: Serious mortgage delinquency is at it’s lowest point since 2002 as homeowners have fewer issues making payments

Fannie Mae Single-Family Mortgage Serious Delinquency Rate Lowest since 2002

Today, in the Calculated Risk Real Estate Newsletter: Fannie Mae Single-Family Mortgage Serious Delinquency Rate Lowest since 2002 Brief ex...

www.calculatedriskblog.com/2023/08/fannie-mae-single-family-mortgage.html

📚 Student Loans: Interest started accruing last week as payments begin in October, potentially straining budgets further

Student Loans and Changes to Expect

Payments restarting in Oct after 3 year pause and no forgiveness

www.cnbc.com/2023/08/31/student-loan-payments-restart-in-october-four-changes-to-expect.html

📰 The Jobs Report: Job growth continues to slow, but no indications of a recession-style losses. Start of a soft landing?

What the August jobs report means for the Fed | CNN Business

The long-robust US job market is continuing to cool, according to several economic indicators released this week. That marks some progress for the Federal Reserve, which is looking for weaker job creation and an overall slowdown in demand in order to defeat inflation.

www.cnn.com/2023/09/02/economy/what-the-august-jobs-report-means-for-the-fed/index.html

% Mortgage Rates: Better, but not pretty, ending stubbornly at around 7.08%

MBS Dashboard - MBS Prices, Treasuries and Analysis

View MBS prices and charts and follow the day's market activity with Micro News and Commentary.

www.mortgagenewsdaily.com/mbs

🔍Coming this week: Happy Labor Day, a bunch of Fed meetings, and Consumer Credit

 

As always, I’m happy to help you and your clients with anything mortgage, marketing, or social media.

Thanks for reading!

John Birke | Mortgage Advisor | Content Coach

NMNLS 1150795

Movement Mortgage
9726 Old Bailes Road, Suites 121 & 130, Fort Mill, South Carolina 29707

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