Highway Blog
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Mortgage Market News
Is Builder Sentiment Near a Bottom?
July 22, 2024
Home builder sentiment remains below a key threshold while there was an important caveat to the rise in construction projects last month. Plus, more signs are signaling a slowdown in economic activity.
Mortgage Market News
Consumer Inflation Cools, Wholesale Inflation Surprises
July 15, 2024
Consumer inflation cooled in June, while wholesale inflation surprised to the upside. Plus, Fed Chair Jerome Powell acknowledged that elevated inflation isn’t the only risk to our economy.
Mortgage Market News
Sahm-thing Happening in the Labor Sector
July 8, 2024
There are more signs that the labor sector is softening, as job growth eased in June and the uptick in the Unemployment Rate triggered an important recession indicator. Meanwhile, home prices continue to rise nationwide.
Mortgage Market News
Cooling Inflation and New Home Sales
July 1, 2024
Both inflation and new home sales moved lower in May. Meanwhile, home prices hit another all-time high.
Mortgage Market News
Existing Home Sales, New Construction Slow
June 24, 2024
Both sales of existing homes and new construction were lower in May.
Mortgage Market News
Inflation Cools, Fed Holds Rates Steady
June 17, 2024
The Fed once again held rates steady, while tamer than expected consumer and wholesale inflation for May was a welcome sign.
Mortgage Market News
Mixed Signals From Labor Sector
June 10, 2024
Despite stronger than expected job growth in May, there are some signs that the labor market is softening. Plus, appreciating home values show the opportunity that remains in homeownership.
Mortgage Market News
Home Prices Hit Highs, Inflation Progress Stalls
June 3, 2024
Progress towards the Fed’s 2% inflation target remains stalled while signed contracts on existing homes fell in April. Meanwhile, home prices continue to hit new highs this year.
Mortgage Market News
Home Sales Slip, Fed Talks Rates
May 28, 2024
The pace of home sales declined in April, though the speed at which existing homes sold accelerated. Plus, a parade of Fed speakers and the minutes from their last meeting shed light on their views about inflation, the labor market, rate cuts and more
Mortgage Market News
Inflation and Construction Cooler Than Forecasted
May 20, 2024
Consumer inflation and new construction activity were both below forecasts in April, while the recent rise in rates put a nail in home builder sentiment this month.
Mortgage Market News
More Reports Show Rising Home Prices
May 13, 2024
Strong home price appreciation demonstrates the opportunity that remains in the housing market, while unemployment claims saw a breakout. Plus, what might be ahead for consumer spending?
Mortgage Market News
Fed Holds Rates Steady, Labor Sector Softens
May 6, 2024
The Fed once again held rates steady, labor sector data showed signs of softening, and there’s more evidence of rising home values across the country.
Mortgage Market News
Inflation Progress Slows, Home Sales Beat Estimates
April 29, 2024
The progress lower on inflation remains stalled, while signed contracts on both new and existing homes rebounded in March.
Mortgage Market News
Home Sales and Construction Slip
April 22, 2024
Despite a pullback in sales and construction, the housing sector is showing signs of strength. Plus, Fed Chair Jerome Powell gave some hints about what may be ahead for rate cuts.