Key takeaway: Christopher Phelan said that it is too early to tell whether tariffs will have an impact on the economy and said that inflation readings were worse during the Biden administration. Expert quote: “America is the best place in the world to be a participant in the economy at any level. We are the […]

Housing affordability saw another setback in May, as payments for newly originated purchase loans increased for a third straight month, according to the Mortgage Bankers Association.  Processing Content The median monthly payment amount came in at $2,198, rising 2.1% from $2,158 in April. The amount was at its most elevated since last May, when the

Mortgage rates are entering this summer stuck in the mid-6% range as experts are conceding to the new rate environment.  Processing Content The 30-year fixed-rate mortgage averaged 6.49% Thursday, up two basis points from the prior week, according to Freddie Mac. The 30-year FRM has remained tethered to 6.5% for the past month, as macroeconomic