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MarketMinute | How do consumers really feel about the housing market?

Apr 14
1:23
PM
Category | Markets in a Minute

Market Minute - Economy and Housing News - Erin Carvelli

  • The Consumer Price Index's annual inflation rate dropped for the 9th consecutive month in March, reaching its lowest level since May 2021.
  • Wholesale inflation also fell in March, hitting its lowest annual level since January 2021. Slowing inflation can be good for rates.
  • Newly released minutes from the Fed's last meeting indicated officials appear on track to raise policy rates one more time in May.

  • Purchase mortgage applications rose 8% last week, as buyers took advantage of a dip in interest rates.
  • Realtor.com reports a 44% increase in active listings over last year, though the rate of growth had slowed with last week’s report.
  • Despite moderating rate increases, only 20% of consumers surveyed by Fannie Mae in March thought now was a good time to buy a home. 

Market Minute Report - Mortgage News