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Welcome Back
A Whirlwind of a Week. A Good One.
It has been a wild one, but the good news is real estate kept moving. Buyers are finding more opportunity as this market continues to shift, and deals are getting done. Thank you to everyone who joined Tuesday's call. I walked through how I helped a client come into closing in a better position than when they started, despite a significant appraisal shortfall, by using seller credits strategically. If you missed it, the short version is this: the right structure turned a deal that almost fell apart into a win on every front for the buyer.
Market Update
A Rally, a Reversal, and a Jobs Report Landing This Morning.
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30-yr Fixed
6.37%
↑ Up from 6.30%
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Rate Direction
Up
Pressure continues
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Wednesday was one of the better rate days in recent memory. An Axios report pointing to potential progress between Washington and Tehran took meaningful risk out of energy markets, with oil breaking back below $100 and trading near $95. That sent a strong bid across global rates. The benchmark interest rate fell roughly 9 basis points to around 4.33% and mortgage bonds surged more than 17 ticks as investors piled in. It felt, briefly, like the pressure was coming off.
Thursday reversed it. Mortgage bonds gave back 2 to 3 ticks as yields pressed higher and the geopolitical relief faded fast. The structural forces weighing on rates all year reasserted themselves: persistent inflation risk, heavy Treasury supply, and sustained fiscal deficits. When lower oil prices could not hold the gains in bonds, it sent a clear signal: the market's concern about higher for longer runs deeper than energy prices.
Jobless claims came in better than expected, reinforcing a still-resilient labor market and giving the Fed no reason to ease. The jobs report is out this morning and the number matters. A strong print could push rates higher heading into the weekend, so watch it closely.
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"One good headline can move rates for a day. It takes a lot more than one headline to change the direction of the market."
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This Tuesday · Noon ET · Guest Speaker
What Your Buyers Don't Know About Insurance Could Cost Them the Deal.
Joining me Tuesday: Tom Sheridan, insurance expert. Tom is going to field your questions live and walk through what buyers, buyer agents, and listing agents all need to understand before insurance becomes a problem.
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A What Drives Insurance Costs Up and Down
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B The Questions Buyers Should Be Asking Before They Close
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C How Listing Agents Can Spot Insurance Red Flags Before Going to Market
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D How to Talk to Your Buyers About Insurance Without Overstepping
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Tom is taking questions live Tuesday at noon. No booking needed. Zoom link at linktr.ee/thecltmortgageguy. Bring your toughest insurance scenarios. This is the kind of conversation that saves deals before they get into trouble. Have a topic for a future call? Just reply to this email.
See you Tuesday. For daily rate updates follow @thecltmortgageguy on Instagram.
Book a consult or grab the Zoom link at linktr.ee/thecltmortgageguy.
thecltmortgageguy.com · NMLS #1465241
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