Mortgage rates increased this week as investors come to grips with the possibility of the path to two percent core inflation potentially taking longer than previously expected.
Market Trends
July 2023 New Home Sales: The Strongest Sales in 17 Months
New home sales resumed their climb in July, to the highest seasonally-adjusted pace since February 2022.
July 2023 Existing Home Sales: The Slump Continues
Existing home sales dropped again in July, while inventory climbed modestly.