Core consumer inflation inched lower in December, with shelter costs the main ingredient. The Core Consumer Price Index (CPI), which strips out volatile food and energy, fell to 3.9% year over year from 4.0% in November. Within the core numbers, it showed
Jan 12, 2024 | Mortgage News
Job growth in December came in at 216,000 versus the 170,000 expected and was the 36th consecutive month of gains. Within the numbers, it shows that October and November were revised considerably lower. The Labor Force Participation Rate rose while the U6
Jan 05, 2024 | Mortgage News
Consumer inflation data was mixed in November as the headline number inched higher but the devil is in the details. The Consumer Price Index (CPI) rose 0.1% in November from 0.0% in October while the year-over-year number fell to 3.1% from 3.2%. The numbe
Dec 12, 2023 | Mortgage News
Sales of new single‐family houses in October 2023 fell from October to an annual rate of 679,000 but up nearly 18% from October 2022. The median sales price of new homes sold in October 2023 was $409,300. The average sales price was $487,000. Inventory le
Nov 28, 2023 | Mortgage News
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced the conforming loan limit values (CLLs) for mortgages Fannie Mae and Freddie Mac (the Enterprises) will acquire in 2024. In most of the United States, the 2024 CLL value fo
Nov 28, 2023 | Mortgage News
For the fifth straight month, sales of existing homes fell due to the ongoing low inventory problem coupled with multi-decade highs in borrowing costs in October. Home prices rose annually for the fourth straight month, while monthly inventories were at 3
Nov 22, 2023 | Mortgage News
