Blog


 

  • Last month's Fed meeting minutes showed growing concern among Fed members over inflation, though labor market worries waned.
  • Unease over the state of the ceasefire with Iran and shipping in the Strait of Hormuz pushed oil prices higher.
  • Weekly jobless claims ticked down to 215K, lower than expected, indicating labor market stability despite slow job growth in June.

 

 

Housing News

 

  • June existing home sales were 2.8% higher than a year ago as home prices reached an all-time high, according to NAR.
  • Gen Z accounted for 20% of purchase rate locks and nearly one-third of first-time buyer loans in Q2 2026, per the ICE Mortgage Monitor.
  • Purchase mortgage applications fell 1% last week but were still 5% higher than the same week last year, as buyers continue entering the market.

 

Market Minute Report - Mortgage News