

REAL ESTATE JERKY DAILY
Agents Feel the Slow Market as Rates Push Buyers Toward Caution
Ed Parcaut and Mike Kelly cover a rough mortgage-rate day, with mortgage pricing worsening by about 39 basis points and the 10-year Treasury near 4.92. They also discuss oil over $100, jobless claims at 206,000, continuing claims near 1.774 million, and PPI rising 0.4% month over month and 5.4% year over year. Locally, Stanislaus County reached 63 September closings with about 384 pending sales. Ed also shares that a VA appraisal came back in less than 24 hours, showing how slow transaction volume can affect turn times. A quick Real Estate Jerky Daily update with the usual bite.
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