BLS said May CPI rose 4.2% y/y and 0.5% m/m, with energy driving most of the gain, as core inflation rose 2.9% y/y and 0.2% m/m.

NAR existing home sales rose 3.2% in May and the Housing Market Tracker has shown improved demand since late March.

Existing home sales rose 3.2% in May to 4.17 million, inventory hit 1.55 million and the median price climbed 1.3% to $429,300.

ICE says Q1 2026 equity withdrawals hit $47B, second liens pulled $25B and refinance-incentivized buyers fell to 1.8 million in May.

Weekly pending sales increased to 75,935 versus 69,636, and purchase apps were up 7% year over year despite higher mortgage rates.

Demand for mortgage purchase applications has shown resilience in the first half of 2026, even as rates ticked up.