Last Week Market Recap

Last Week Market Recap

• Inflation came in a little cooler than expected. That’s good for rates, even if a few parts of prices are still running warm.
• The average 30-year fixed rate was basically unchanged and is still near the lowest levels in about a month.
• Refinance activity picked up as some homeowners tried to lower payments. Purchase applications dipped a bit week-over-week.
• Existing-home sales inched up and inventory is higher than a year ago, which can give buyers more options. Prices are still up slightly year-over-year.

Bottom line: rates didn’t move much, affordability is slowly improving, and buyers are getting a few more homes to choose from.

Have questions or want to talk through your options? Just fill out the contact form on this page or give me a call—I’m here to help.