Markets & Mortgages Tyler Cralle

SUMMARY: We explain why it is not true that only half of Americans can afford a $250k home, Federal Reserve 2023 survey finds a big price variance between homebuyers now and pre-2022, Fed Vice Philip Jefferson talks housing, and new construction keeps inventory levels from falling...SHOW NOTES:Nearly Half of US Households Can’t Afford a $250,000 Home Is Not Entirely AccurateHomeowners Who Bought Pre-2022 Are Saving Over $8,000 A YearThe Fed Vice Chair Talks HousingShare of Newly Built Single-...

SUMMARY: Inflation data in April is mixed and retail sales are flat and the markets like it, homebuilder confidence falls as residential construction data is mixed...SHOW NOTES:Consumer Prices Slightly Hotter Than Expected in AprilRetail Sales are Unexpectedly Flat in AprilHomebuilder Confidence Falls Back Into Negative Territory in MayResidential Construction Dissapoints in AprilDISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purpos...

SUMMARY: Producer prices rise more than expected, Powell says rates will stay higher for longer, credit cards are becoming a problem for consumers, and Bien jumps on the tariff train...SHOW NOTES:Producer Prices Jump More Than Expected in AprilPowell Doubles Down on Higher for LongerHousehold Debt Rises to $17.7TPresident Biden Announces New TariffsDISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle ...

SUMMARY: President Joe Biden tweeted about a White House program that would subsidize demand at a time when we have a supply problem, the federal deficit was $1.7 trillion in March, and we have a busy week full of inflation and housing data...SHOW NOTES:Biden's Temporary BuydownDeficit Falls Slightly But Is Still Over $1.7TThis Week: Inflation & Housing DataDISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by ...

SUMMARY: Homeowner equity hits an all-time in March with tappable equity also hitting an all-time high, home price growth slows for the second straight month, and consumer credit rises than expected in March...SHOW NOTES:Homeowner Equity Hits All-Time Highs at $16.9 TrillionHome Price Growth Slows for Second Straight MonthConsumer Credit Rises Less Than Expected...DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted ...

SUMMARY: April's weak jobs report is a hopeful sign for those looking for relief from higher mortgage rates, after last week's busy week we have a slow week of economic data ahead, and could we see a secondary market for equity lines in the near future? SHOW NOTESBIG MISS: Economy Adds Fewer Jobs Than Economists Were Expecting in AprilThis Week: Housing, Credit, & UK DataMEREDITH WHITNEY: The mortgage reform that could unleash the next big US stimulusDISCLAIMER: TowneBank Mortgage, NMLS #...