REAL ESTATE JERKY DAILY

Private Money Loan Problems and New-Construction Closing Delays

July 15, 2026 · 12:14

Ed Parcaut and Mike Kelly cover cooler PPI data, better CPI numbers, mortgage-rate improvement, mortgage application activity, oil risk, and the reports still coming this week. Mortgage pricing improved by about 18 basis points, while purchase applications fell 7% and refinance applications rose 4%. Ed explains why buyers should focus on getting into the right home and refinancing later if rates improve. They also discuss Strait of Hormuz concerns, upcoming retail sales and housing reports, new-construction delays, and private-money loan red flags. A fast real estate and mortgage market update with the usual Real Estate Jerky bite.