Homebuyer demand is still stronger than a year ago, but seasonal shifts have pushed the mix of business toward refinancing, which accounted for 59% of loan applications last week
As negotiations continue, 2 closely watched surveys show Americans remain concerned that the US could soon face the dual challenge of an economic slowdown and an increase in inflation
The Federal Reserve's preferred inflation gauge fell to 2.56% in May, getting closer to the Fed's 2% target for the 2nd month in a row. Core inflation reading is lowest since March 2021