Affordability Still An Issue
Thu, 26 Jun 2025 15:04:44 GMT
Homebuyer affordability declined in May as mortgage rates near 7 percent continued to put upward pressure on prospective homebuyers' budgets, according to the Mortgage Bankers Association.

New Home Sales Drop In May
Wed, 25 Jun 2025 14:53:14 GMT
Sales of new single-family houses in May 2025 were at a seasonally-adjusted annual rate of 623,000, 13.7 percent below the April 2025 rate of 722,000, and is 6.3 percent below the May 2024 rate of 665,000.

Mortgage Applications Up Slightly
Wed, 25 Jun 2025 14:52:38 GMT
Mortgage applications increased 1.1 percent from one week earlier, according to data from the Mortgage Bankers Association.

Rate Cuts Soon? Maybe
Wed, 25 Jun 2025 14:51:37 GMT
Federal Reserve Bank of Boston President Susan Collins said Wednesday she is expecting the central bank to cut interest rates later this year.

Oil Ticks Up
Wed, 25 Jun 2025 14:50:58 GMT
Oil edged higher as traders assessed the Iran-Israel ceasefire.

Cheapest Gas In OC Up Another Cent
Wed, 25 Jun 2025 14:48:58 GMT
The cheapest gas in Orange County rose another cent to $3.78 per gallon and can be found at Sam's Club in Fullerton.

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