Writer and housing market analyst @Bankrate | Alum @pbpost, @UofIllinois | Author of "How to Buy a Home in a Miserable Market" on Kindle.
Palm Beach County, FL
Joined April 2010
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Mortgage rates are unlikely to go below 7% any time soon. And that's hurting home sales. medium.com/@jmostrowski/mort…
Mortgage rates just hit their highest level in nearly 3 years, per @Bankrate date: 30-year loan average is 7.53%. bankrate.com/mortgages/analy…
Average 30-year mortgage rate just hit 7.38%, up from 6.09% in February and highest level in 2+ years, @Bankrate reports. medium.com/@jmostrowski/mort…
Average 30-year mortgage rate rose to 7.08% in @Bankrate survey out today. That's the highest level since January 2025. medium.com/@jmostrowski/mort…
Jeff Ostrowski retweeted
.@zillow Chief Economist Mischa Fisher and @Bankrate Housing Market Analyst Jeff Ostrowski (@bio561) join @MarleyKayden to dive into the quarterly earnings from $KBH and the state of housing demand.
Fisher believes the macroeconomic landscape is creating challenges for many people and is "putting a brake on overall demand conditions." In the fourth quarter, he expects overall existing home sales to turn negative.
"It's a challenging market not only for KB Home but also for first-time buyers," Ostrowski says, as mortgage rates and home prices remain elevated.
For more market news, tune in at: SchwabNetwork.com/?CID=SM:Tw…
Home sales fell below 4 million in August as mortgage rates rose, @nardotrealtor reports. “Home sales and mortgage rates move in opposite directions,” Lawrence Yun says. medium.com/@jmostrowski/home…
Forget 6% mortgage rates. They're heading toward 7% now, @nardotrealtor Chief Economist Lawrence Yun says. Culprits: rising oil prices, higher 10-year Treasury yields and wider spreads between Treasurys and mortgages as Fed moves away from buying mortgages medium.com/@jmostrowski/home…
Home prices still at record highs, home sales still stuck in the mud, @nardotrealtor says. linkedin.com/posts/jeff-ostr…
Jeff Ostrowski retweeted
Seller listings are outnumbering active buyers, yet home prices are still rising.
@bio561 of @Bankrate tells @RemyBlaireNews the mortgage lock-in effect, homeowners refusing to trade a 3% rate for a 6.5% one, is keeping supply tight in "a very idiosyncratic market."
Record-high home prices make mortgage shopping more important than ever. bankrate.com/mortgages/home-…
U.S. home prices hit an all-time high in June, the National Association of Realtors said Thursday. The median price of existing homes sold last month rose to $440,600, up 1.8% from June 2025. medium.com/@jmostrowski/home…
Interesting detail from @NAHBhome's latest Housing Market Index: 35% of builders cut prices in June. For a while, builders were offering temporary rate buydowns but not price concessions. nahb.org/news-and-economics/…
President Trump called for Jerome Powell to cut rates, and Trump nominated Kavin Warsh to succeed Powell as Fed chair. But Warsh's first meeting provided few fireworks. The Fed said it would keep its benchmark rate unchanged, a decision Warsh called "unanimous and unambiguous."
Mortgage rates dip to 6.48% this week, down from 6.55% average for 30-year home loans last week, per @Bankrate's survey out today.
“We have a record-high level of jobs. We should have record-high levels of home sales, theoretically,” Lawrence Yun of @nardotrealtor tells #NAREE2026. Instead, home sales are well below normal.
Housing lock-in effect remains in effect: “We do have some shrinking of this lock-in effect, but it’s very, very gradual,” Selma Hepp of @cotality tells #NAREE2026.
“Half of the country is already in a recession” based on state-by-state job losses, Lawrence Yun of @nardotrealtor tells #NAREE2026.
South Florida waterfront mansions are selling for “massive, massive numbers and massive premiums,” says Jay Phillip Parker of Douglas Elliman. $1M is now entry level: “We’ve become a market where the millionaires are being pushed out by the billionaires." #NAREE2026
2026 was supposed to be a year of double-digit jumps in home sales. Alas ... bankrate.com/homeownership/w…
“They pissed away $16,000 trying to make $10,000,” says @DouglasRill, @CENTURY21 broker in West Palm Beach, Florida, tells my @Bankrate colleague Andrew Dehan. bankrate.com/mortgages/sun-b…
