Fed Says Inflation Is Too High, But Bonds Get a Short-Term Break

Ed Parcaut and Mike Kelly cover the Fed reaction, mortgage pricing, Treasury yields, pending home sales, jobless claims, housing starts, building permits, Stanislaus County listings, wire fraud, prime rate, and California tappable equity. Mortgage pricing improved by about 36 basis points after Fed comments, while the 10-year Treasury sat near 4.9467. Pending home sales rose only 0.3%, missing expectations for a 2% gain. Ed and Mike also discuss initial jobless claims falling to 196,000, housing starts at a 1.275 million annualized pace, permits at 1.394 million, and why the country still is not building enough homes. A short 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 #RealEstateJerky #EdParcaut #MikeKelly #MortgageRates #FederalReserve #FedComments #TenYearTreasury #PendingHomeSales #JoblessClaims #HousingStarts #BuildingPermits #HousingSupply #WireFraud #PrimeRate #HomeEquity #StanislausCountyRealEstate #ModestoRealEstate #CentralValleyRealEstate #HousingMarketUpdate #RealEstatePodcast #MortgagePodcast #MarketNewsWithTeethBecome a supporter of this podcast: https://www.spreaker.com/podcast/real-estate-jerky-daily--6413899/support.