Middle East Tensions Hit Markets While Mortgage Pricing Gets Worse

Ed Parcaut and Mike Kelly cover Fed Day, mortgage-rate pressure, falling mortgage applications, cooling rents, Middle East conflict risk, PCE inflation, and Stanislaus County real estate activity. Mortgage pricing worsened by about 21 basis points, the 10-year Treasury moved near 4.64, and mortgage applications declined. Purchase applications fell 4%, while refinance applications dropped 10%. Ed also reviews the Apartment List rent report, with rents down 1.1% year over year and vacancy rates holding around 7.2%. A fast Real Estate Jerky Daily market update with the usual bite. Contact and Social Links: 🔗 **Follow us:** - **Facebook:** [Real Estate Jerky](https://facebook.com/RealEstateJerky) - **Instagram:** [@RealEstateJerky](https://instagram.com/RealEstateJerky) - **Website:** [Real Estate Jerky](https://realestatejerky.com) 🔗 Ed Parcaut: www.edparcaut.com - Twitter: [@EdParcaut](https://twitter.com/EdParcaut) - LinkedIn: [Ed Parcaut](https://www.linkedin.com/in/edparcaut) Catch every episode for sharp insight and real talk about what matters now in real estate! #RealEstateJerkyDaily #RealEstateJerky #EdParcaut #MikeKelly #MortgageRates #FedDay #FederalReserve #PCEReport #MortgageApplications #PurchaseApplications #Refinance #RentReport #RentalMarket #InflationData #TenYearTreasury #StanislausCountyRealEstate #ModestoRealEstate #CentralValleyRealEstate #HousingMarketUpdate #RealEstatePodcast #MortgagePodcast #MarketNewsWithTeethBecome a supporter of this podcast: https://www.spreaker.com/podcast/real-estate-jerky-daily--6413899/support.