Everything published here — weekly issues, market notes, breakdowns, and what I am seeing from the lending desk.
Browse by segment
Previous Issues · The Number · From the Desk · The Breakdown · Market Notes
- The average Dallas–Fort Worth flip made $18,147 last quarter. Before costs.Average purchase $418,856. Average resale $437,003. A 4.3 percent gross return — before rehab, financing, carry, and the cost to sell. In my own backyard.
- Mortgage rates just hit a one-year highThe 30-year fixed averaged 6.66 percent for the week ending July 30 — the highest in about a year, and up from 6.58 the week before.
- Three Fed officials voted to raise rates. That is the story nobody is telling.The Fed held for a fifth straight meeting — but the vote was 9–3, and all three dissents wanted a hike. Officials also moved their end-2026 expectation up, not down.