

Housing Starts Weaken
Fri, 18 Jul 2025 16:22:05 GMT
Single-family housing starts declined in June to the lowest rate since July 2024 as elevated interest rates, rising inventories and ongoing supply-side issues continue to act as headwinds for the housing sector.
Consumer Sentiment Reaches 5-Month High
Fri, 18 Jul 2025 16:21:26 GMT
Consumer sentiment reached its highest value in five months in early July, inching up about one index point to 61.8, according to preliminary results from the University of Michigan Survey of Consumers.
How Does Inflation Affect Mortgage Rates?
Fri, 18 Jul 2025 16:20:49 GMT
Inflation doesn't directly impact mortgage interest rates, but the two are related. The Consumer Price Index or CPI is a key measure of inflation and can give us a clue as to which direction mortgage rates are going.
OC Gas Prices Inch Back
Fri, 18 Jul 2025 16:19:27 GMT
The cheapest gas in Orange County has inched back to $3.61 per gallon and can be found at Sam's Club in La Habra. Costco in La Habra offers gas for $3.65 per gallon.
Mortgage Rates Continue to Rise
Thu, 17 Jul 2025 09:29:21 GMT
The 30-year FRM averaged 6.75% as of July 17, 2025, up from last week when it averaged 6.72%. A year ago at this time, the 30-year FRM averaged 6.77%.
Builder Confidence Edges Up
Thu, 17 Jul 2025 15:15:46 GMT
Builder confidence for future sales received a slight boost with the passage of the One Big Beautiful Bill Act but elevated interest rates and economic uncertainty act as headwinds for the housing sector.