MORTGAGE UPDATE 7/17/2023

Week of July 10, 2023 in Review There was welcome news as June brought big drops in consumer and wholesale inflation. Plus, several indexes showed that home prices are appreciating nationwide, providing opportunities right now for buyers to build wealth through homeownership. Read on for these stories and more: Consumer Inflation Makes Meaningful Move Lower […]

MORTGAGE UPDATE 7/10/2023

Week of July 3, 2023 in Review After the Independence Day fireworks, labor sector reports added some sparks to the markets. Plus, the minutes from the Fed’s latest meeting revealed what might be in store for rate hikes. Read on for these stories and more: Job Numbers Powered by Part-time Workers What Caused the Surge […]

MORTGAGE UPDATE 7/3/2023

Week of June 26, 2023 in Review Annual consumer inflation declined in May per the Fed’s favored measure. Plus, the tight supply of existing homes remains a key dynamic in the housing sector, impacting signed contracts and home prices. Read on for details: Inflation Making Slow Progress Lower Tight Inventory Preventing “Housing Demand from Being […]

MORTGAGE UPDATE 6/26/2023

Week of June 19, 2023 in Review Tight inventory continued to impact sales of existing homes last month, while home builders responded with an uptick in construction to help meet buyer demand. Don’t miss these details: Existing Home Sales Edge Higher Even with Tight Inventory Home Builder Confidence Continues to Rise Home Construction Surged in […]

MORTGAGE UPDATE 6/20/2023

Week of June 12, 2023 in Review Following its string of aggressive rate hikes, the Fed left their benchmark Fed Funds Rate unchanged at their latest meeting. Plus, there were more signs of declining inflation and rising unemployment claims. Here are last week’s headlines: Fed Skips Hike to Fed Funds Rate Annual Consumer Inflation Hits […]