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Tag Archives: June

Inflation Slows in June Amid Lower Energy Prices

July inflation

Inflation slowed to 3.5% in June, down from a three-year high in May, largely driven by a ceasefire agreement in mid-June that stabilized oil markets and lowered energy prices. The decline in energy prices offset increases in shelter and food, …

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Existing Home Sales Decline in June Amid Record Prices

existing home sales June

Existing home sales dropped in June as record-high home prices and elevated mortgage rates impacted buyers, according to an analysis from NAHB’s Eye on Housing. Total existing home sales, including single-family homes, townhomes, condominiums, and co-ops, fell 2.4% to a …

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Mortgage Rates Climb as Inflation Persists

June mortgage rates

Mortgage rates continued to increase in June due to high inflation and a stronger-than-expected labor market, according to the NAHB’s Eye on Housing. The 30-year fixed-rate mortgage averaged 6.49% in June, up 8 basis points (bps) over May. Since the …

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U.S. Economy Adds 57,000 Jobs in June

state unemployment August

The U.S. economy added 57,000 jobs in June, the smallest gain since February’s decline, according to the U.S. Bureau of Labor Statistics. Downward revisions to April and May estimates subtracted 74,000 jobs from previously reported totals. The unemployment rate also …

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Consumer Confidence Slightly Up in June

June consumer confidence

The Consumer Confidence Index from The Conference Board rose by 0.6 points in June to 91.2, up from a downwardly revised 90.6 in May.  The Present Situation Index, based on consumers’ assessment of current business and labor market conditions, fell …

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