Blog


  • Import prices rose more than expected in June. Price growth in nonfuel segments signals inflation is affecting more than just energy prices.

  • The share of job seekers out of work for six months or longer reached 27.3% in June, hovering near its highest level since late 2021.

  • Next week's Fed meeting is one of the most uncertain in years, with markets split on whether policymakers will hold rates or raise them.

Housing News

  • The Wall Street Journal reports baby boomers are increasingly upsizing their homes in retirement, reversing traditional expectations.

  • As the housing market faces affordability challenges, several states have scheduled property tax referendums for the midterm elections, per CNBC.

  • Purchase applications rose 6% for the week, and refinance apps were up 7% year over year, despite higher interest rates.

 

Market Minute Report - Mortgage News