Chart of the Week: Inflation and Hourly Earnings

The annual rate of inflation, as measured by the Consumer Price Index, exceeded wage growth in April and May. The last time this happened was during the COVID-19 pandemic period.

MBA Chart of the Week: IMB Total Production Expense

For this week’s Chart of the Week, we compare total loan production expense for the companies in the top 20% for net production income (in basis points) versus the companies in the bottom 20% over the past 18 years.

Chart of the Week: New Home Inventory by Stage of Construction

While there was a shortage of single-family homes for sale due to underbuilding since the Great Recession, home builders increased production to meet the surge in demand that began 2020-2021, when mortgage rates were at historic lows.

Chart of the Week: Commercial Real Estate Loan Maturity Volumes

Seventeen percent of the $5.0 trillion of outstanding commercial mortgages held by lenders and investors is scheduled to mature in 2026, a 9 percent decrease from the $957 billion that was scheduled to mature in 2025.

Chart of the Week: Mortgage Rates, 10-Year Treasury and 30-10 Spread

In recent months, rate volatility has diminished, as the future course of monetary policy has become clearer and financial markets have been relatively calm. Last week’s announcement that the GSEs will increase their purchases of MBS brought the spread in further, and mortgage rates dropped further over the course of the week.