REAL ESTATE JERKY DAILY
CPI Comes in Line as Mortgage Applications Finally Move Higher
Ed Parcaut and Mike Kelly cover CPI inflation, mortgage applications, California affordability, low inventory, Stanislaus County real estate activity, oil risk, and VA loan co-borrower rules. CPI came in line with expectations, mortgage pricing improved by about 11 basis points, and mortgage applications rose 3.6%. Purchase applications were up 3% for the week, while refinances increased 5%. Ed and Mike also discuss California's low inventory, statewide affordability pressure, local listings and closings, VA loan rules for non-veteran co-borrowers, and why home prices remain supported even when buyers feel stretched. A fast Real Estate Jerky
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