- August’s shelter inflation rate was down from its 8.2% peak in March 2023, but the 0.5% monthly gain was the highest since early 2024.
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- As rates moved lower last week, total mortgage demand grew 1.4%. Purchase apps rose 2%, and refinances were up 1% for the week.
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- Homeowners are sitting on more than $32 trillion in home equity, an all-time high. The average owner has $214K in equity.
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