REAL ESTATE JERKY DAILY

Purchase Applications Jump 6% Despite Mortgage Market Headwinds

July 22, 2026 · 09:02

Ed Parcaut and Mike Kelly cover mortgage rates, oil supply pressure, mortgage applications, local Stanislaus County activity, and California growth cities. The 10-year Treasury moved near 4.65, mortgage pricing worsened, and oil pressure returned as WTI pushed toward the high-$80 range. At the same time, mortgage applications increased 1.9%, with purchase applications up 6%. Ed and Mike also discuss homeownership, buyers under 35, Manteca's growth, and why people are still buying even in a choppy market. A fast Real Estate Jerky Daily update with the usual bite.