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Mortgage Rates Marginally Decrease For Second Consecutive Week

Freddie Mac reported the 30-year fixed-rate mortgage (FRM) averaged 7.02% this week

Analysis and Data
Supreme Court Upholds CFPB Funding Structure

Justice Clarence Thomas wrote the majority opinion deeming the bureau's funding structure constitutional.

Courts
Sluggish Start To The Spring Homebuying Season

High home prices and interest rates keep buyers and sellers stagnant, Redfin reports.

Analysis and Data
Investor Purchases Up For The First Time In Two Years

This group of homebuyers, less sensitive to today's high mortgage rates, is getting back in the game.

Investor Loans
People On The Move
Builder Sentiment Declines In May, Ending 6-Month Streak

The NAHB/Wells Fargo Housing Market Index shows the use of sales incentives rose 2% month over month.

Construction
Analysis and Data
May 16, 2024
The Interest
Flagstar Bank Selling $5 Billion In Warehouse Loans To JPMorgan Chase

The New York Community Bancorp plans to reinvest proceeds from sale into securities holdings

Wholesale
Inflation Cools For First Time in Three Months

Department of Labor's April Consumer Price Index increased in line with expectations

Analysis and Data
CFPB Compensates Victims Of Phantom Loan Scheme

CFPB distributes $384 million to consumers harmed by Think Finance, a Texas-based online lender.

Courts