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Can mortgage rates survive hawkish Fed talk during inflation week?
Markets watch monthly core inflation prints and conflict headlines as the 10-year holds near 4.60% and Fed tone stays hawkish.
Existing home sales decline in June as prices reach another record high
The median sales price rose to a record $440,600 in June — up annually 1.8% and the 36th consecutive month of year-over-year price gains.
Optimal Blue sees June mortgage lock volume up 10%
Optimal Blue says June rate-lock volume rose 10% from May and 15% year over year, with purchase locks at 81% and rates near 6.45%.
April Case-Shiller shows inflation outpacing home prices
April Case-Shiller increased 0.8% as inflation hit 3.8%, the 20-city index rose 1.1% and Seattle fell 2.3%.
Mortgage performance steady in May as calendar drives delinquency bump
U.S. mortgage performance remained stable in May even as headline delinquencies rose due to a Sunday month-end that pushed some payments into June, according to Intercontinental Exchange’s First Look report.
NAHB: Input cost inflation reaccelerates, squeezing builder margins
Residential construction input costs jumped in May at their fastest pace in more than three years, putting fresh pressure on builder margins and project underwriting just as many builders were counting on cost stability to offset higher mortgage rates. According to new analysis from the National Association of Home Builders’ Eye on Housing economics team, […]
