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  • Inflation remained mild in May as gas prices fell and tariffs had little impact. Economists expect price pressures to grow later this year.
  • Wholesale inflation also showed surprisingly little signs of increasing, despite concerns that tariffs would drive up companies' costs.
  • Jobless claims rose slightly higher than forecast for a 2nd week, yet recurring applications did not imply any significant increase in job losses.

Housing News

  • Realtor.com reports a 5.2% year-over-year increase in investor home sales in 2024, with a median sales price of about $330K.
  • Mortgage demand rose to the highest level in over a month. Purchase apps were up 10% for the week and were 20% higher than a year ago.
  • The housing market faces a record imbalance, with almost 500K more sellers than buyers as of April 2025. 

Market Minute Report - Mortgage News