Sales of existing homes and construction of single-family homes eased in April, while Fed Chair Jerome Powell’s comments caused volatility in the markets. Here are the most crucial headlines: Existing Home Sales Edge Lower Builder Confidence Weakens But
May 23, 2022 |
Mortgage Rates Decrease Slightly May 19, 2022 Economic uncertainty is causing mortgage rate volatility. As a result, purchase demand is waning, and homebuilder sentiment has dropped to the lowest level in nearly two years. Builders are also dealing with
May 19, 2022 |
Inflation remains hot on both the consumer and wholesale levels. Here are the key stories to note: Consumer Inflation Near 40-year Highs Wholesale Inflation Remains Elevated Initial Jobless Claims Rise for Second Straight Week Small Business Expectations
May 16, 2022 |
Adjustable Rate Mortgages (ARM’s) With the recent increase in rates ARM’s have recently become a more popular way to finance a new home purchase. See Chart below found on Freddie Mac’s Webesite:https://www.freddiemac.com/pmms Before the run up i
May 11, 2022 |
The Fed took action to fight inflation while the unemployment rate held steady. Here are the key headlines: Fed Hikes Fed Funds Rate to Curb Inflation Unemployment Rate Remains Stable – But for Wrong Reasons Private Payrolls Miss Expectations
May 09, 2022 |
Inflation and housing data dominated the headlines, with these key stories: Consumer Inflation Reaches 40-year High Annual Home Price Appreciation Nears 20% in February The Real Scoop on New Home Inventory Pending Home Sales Decline But Still
May 02, 2022 |