Supercore Inflation Excludes Food, Energy And Housing

Despite mortgage rates briefly falling below the 6% threshold, both housing inventory and mortgage demand fell last week. Let’s dive into the trend lines of the housing market. First, here is a quick housing market […]

Wall Street equities rose as traders assessed data showing China’s economy on the cusp of deflation and prepared for US inflation numbers that will feed into the Federal Reserve’s interest rate decision in late July. […]

The U.S. inflation rate cooled to 3 percent last month, its slowest pace in two years, the Labor Department said Wednesday. But mortgage rates haven’t gotten the memo yet — the average rate on 30-year mortgages increased to 7.07 […]