Triumph Lending

”$417,700: Median existing-home price for all housing types. 0.9% increase from one year ago ($414,000)—the 34th consecutive month of year-over-year price increases.”

Source: https://www.nar.realtor/newsroom/nar-existing-home-sales-report-shows-0-2-increase-in-april

Rates are lower for the second week in a row. Much of the last two weeks has followed the same pattern:

Morning headlines claiming a peace deal as been reached, oil sells off, rates follow oil lower. Afternoon headlines denying a peace deal, oil and rates move higher, but highs are lower and lows are lower.

Crude oil closed May down 17%, which is good news for future inflation reports. On Thursday, we received April’s PCE Inflation report. Both Headline and Core came in lower-than-expected MoM, +0.4% vs +0.5% expected and +0.2% vs +0.3% expected. Between rumors of peace deals and a reasonable PCE inflation report, the 10-Year Treasury failed its recent breakout above resistance levels. It’s too early for a victory lap, but there is enough for optimism.

Mortgage Myth Busted 👀!

Shopping around for a mortgage won’t tank your credit score the way many people think. Multiple inquiries within a short window are usually treated as ONE—so go ahead and compare your options with confidence.

Quick mortgage tip 💡

Paying off your credit card might lower your score—temporarily!

Sounds backwards, right? That’s why having a strategy matters when you're preparing to buy a home!