@holdenhelps: Hot inflation took the wind out of this week's early optimism in the mortgage market. Tuesday's consumer inflation came in above expectations, and a weak Treasury auction added to the selling. On Thursday the 10-year yield reached 5.13%, and Friday's cooler producer inflation sparked a rally that faded, with the 10-year ending at 5.14%. In housing, existing-home sales hit a new low with inventory at 1.59 million, and builder credit tightened for a 19th straight quarter. For anyone buying, selling or refinancing, Friday's pause wasn't a recovery, and affordability and supply are still stretched. Questions about your plans? Message me. Holden Kellerhals · NMLS #2646551 NEXA Lending · NMLS #1660690 Holden Kellerhals | Mortgage Loan Originator | NMLS #2646551 NEXA Lending | NMLS #1660690 | Equal Housing Lender Subject to credit, property, and underwriting approval. Terms and programs subject to change. Not a commitment to lend. #MortgageRates #HousingMarket #RealEstate #MarketUpdate

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