Mortgage Rates Worsen as Oil Near $82 Keeps Inflation Concerns Alive

Purchase Applications Jump 6% Despite Mortgage Market Headwinds

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. 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 #EdParcaut #MikeKelly #RealEstateJerky #MortgageRates #OilPrices #MortgageApplications #PurchaseApplications #HousingMarketUpdate #Homeownership #TenYearTreasury #StraitOfHormuz #StanislausCountyRealEstate #ModestoRealEstate #CentralValleyRealEstate #CaliforniaRealEstate #MantecaRealEstate #RealEstatePodcast #MortgagePodcast #MarketNewsWithTeeth

Mortgage Rates Worsen as Oil Near $82 Keeps Inflation Concerns Alive

Ed Parcaut and Mike Kelly cover starter-home affordability, ADP job growth, home price appreciation, mortgage-rate pressure, oil prices, local appraisals, and lockbox safety. ADP job growth slowed to an average of 16,500 jobs per week, while national home values still rose 1.7% year over year. Ed and Mike also discuss why many consumers are living paycheck to paycheck and how that affects buyer demand. 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 #EdParcaut #MikeKelly #RealEstateJerky #MortgageRates #StarterHome #HomebuyerAffordability #ADPJobs #HomePrices #HomeAppreciation #OilPrices #Inflation #PaycheckToPaycheck #HousingMarketUpdate #RealEstatePodcast #MortgagePodcast #LockboxSafety #ModestoRealEstate #CentralValleyRealEstate #CaliforniaRealEstate #MarketNewsWithTeeth

Sellers Face Reality as National Price Reductions Break 40%

Ed Parcaut and Mike Kelly cover national housing inventory, price reductions, mortgage rates, oil prices, and Stanislaus County real estate activity. National inventory jumped by 15,348 listings to 859,353 after the July Fourth holiday stretch. The median list price stayed at $449,900, days on market held at 63, and price reductions moved above 40%. Ed and Mike also review local active listings, pending sales, July closings, mortgage-rate pressure, oil near $80, and the jobs and housing reports coming this week. A fast real estate and mortgage market update with the usual Real Estate Jerky 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 #EdParcaut #MikeKelly #RealEstateJerky #MortgageRates #HousingInventory #PriceReductions #HousingMarketUpdate #OilPrices #TenYearTreasury #ADPJobs #JoblessClaims #NewHomeSales #MortgageApplications #StanislausCountyRealEstate #ModestoRealEstate #CentralValleyRealEstate #CaliforniaRealEstate #RealEstatePodcast #MortgagePodcast #MarketNewsWithTeeth

Consumer Sentiment Improves While Buyers Still Face Rate Pressure

Ed Parcaut and Mike Kelly cover pending home sales, housing starts, builder confidence, foreclosure activity, California listings, mortgage buydowns, and consumer sentiment. Pending home sales fell 5.4%, breaking a four-month streak of gains. Housing starts jumped nearly 20%, but the move was driven mostly by multifamily construction, not single-family supply. Ed and Mike also discuss builder confidence, foreclosure filings, short sales, California market activity, and why temporary buydowns can help buyers manage the first year of payments. A fast real estate and mortgage market update with the usual Real Estate Jerky 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 #EdParcaut #MikeKelly #RealEstateJerky #MortgageRates #OilPrices #JoblessClaims #RetailSales #RentalInflation #ShelterInflation #VAAppraisal #EscrowMistake #RealEstatePodcast #MortgagePodcast #HousingMarketUpdate #StanislausCountyRealEstate #ModestoRealEstate #CentralValleyRealEstate #CaliforniaRealEstate #MarketNewsWithTeeth

Rental Growth Slows as Shelter Inflation Finally Shows Relief

Ed Parcaut and Mike Kelly cover retail sales, oil prices, jobless claims, rental inflation, mortgage-rate movement, and a real escrow mistake involving a VA appraisal fee. Retail sales came in line with expectations, rental growth slowed again, initial jobless claims fell, and continuing claims dropped to a recent low. At the same time, oil moved higher near $80, keeping pressure on inflation and mortgage rates. Ed also explains how a VA appraisal payment mistake created confusion after closing. 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 #EdParcaut #MikeKelly #RealEstateJerky #MortgageRates #OilPrices #JoblessClaims #RetailSales #RentalInflation #ShelterInflation #VAAppraisal #EscrowMistake #RealEstatePodcast #MortgagePodcast #HousingMarketUpdate #StanislausCountyRealEstate #ModestoRealEstate #CentralValleyRealEstate #CaliforniaRealEstate #MarketNewsWithTeeth