MarketMinute | How do consumers really feel about the housing market? - Greenway Mortgage Blog

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MarketMinute | How do consumers really feel about the housing market?

Apr 14

4:22

AM

Category | Markets in a Minute

The Consumer Price Index's annual inflation rate dropped for the 9th consecutive month in March, reaching its lowest level since May 2021.

Wholesale inflation also fell in March, hitting its lowest annual level since January 2021. Slowing inflation can be good for rates.

Newly released minutes from the Fed's last meeting indicated officials appear on track to raise policy rates one more time in May.

Housing News

Purchase mortgage applications rose 8% last week, as buyers took advantage of a dip in interest rates.

Realtor.com reports a 44% increase in active listings over last year, though the rate of growth had slowed with last week’s report.

Despite moderating rate increases, only 20% of consumers surveyed by Fannie Mae in March thought now was a good time to buy a home.