One Rental At A Time Is Housing Market About to Get Much Worse?
Feb 16, 2026
Jonathan from Convoy Home Loans, a mortgage pro who helps investors with rate locks and cash-out refinances. They discuss relistings and price cuts reshaping affordability. Talk covers record cash-out refis unlocking buying power. They explore how bond yields, CPI, and Fed moves could push rates into the low sixes or high fives.
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January Decline Was Predictable
- January's drop in existing home sales was predictable due to relistings and seasonal slowdown.
- Removing 17% of listings in December and fewer pending sales made January appear worse than underlying demand.
Relistings Boost Affordability
- Seventy-five thousand homes relisted in January, often at slightly lower prices improving affordability.
- Many relisted homes cut price ~4% which increases buyer purchasing power and activity.
Act On Sub-6% Rate Locks
- If you have rate locks below 6%, expect stronger pending sales and act on them.
- Use lower rates to convert relistings into purchases while affordability improves.