First-Time Home Buyers Downsizing
Faced with high prices and rates, first-time buyers are choosing smaller homes, prompting builders to scale down size and features to keep sales moving.
Consumer Sentiment Surges
Consumer sentiment rose 16% in June after six months of decline, as inflation stayed low and Americans grew less concerned about recent trade tensions.
Mortgage Rates Tick Down This Week
The average rate on a 30-year mortgage fell to 6.84% from 6.85% last week. Rates on 15-year mortgages declined to 5.97% from 5.99%.