Blog


  • The Fed held policy rates steady at this week’s meeting, as it monitors the economic and inflationary fallout from tariffs.
  • June's PCE inflation index increased at one of the fastest paces this year, while consumer spending barely rose, demonstrating the effects of tariffs.
  • Multiple reports this week showed the labor market remains resilient, supporting the Fed's stance to hold policy rates steady.

Housing News

  • Sales of starter homes grew 3.9% year over year in June, reaching a two-year high. Their median price was $260K.
  • Fed Chair Powell addressed home affordability in his press conference, reiterating that the Fed rate plays only a small role in mortgage rates.
  • According to ICE, mortgage payment delinquencies rose month over month in June, while foreclosures trended higher year over year.

Market Minute Report - Mortgage News