Description

David Macaione and Tyler Cralle discuss the start of the spring buying season with data from March that shows inflation continuing to cool was met with signs of a loosening labor market, the importance of the spread between the 10-year treasury and a 30-year mortgage rate, the big jump in rate locks in March, and the continued lack of housing inventory not just nationwide but in Wilmington.

Show Notes:

• U.S. Inflation Eased to 5% in March
• US Producer Prices Fell in March by Most Since Start of Pandemic
• U.S. Job Growth Eases, but Extends Its Streak
• Rate Lock Volumes Jump 43% in March on Seasonal Tailwinds

David Macaione # 117378 and Tyler Cralle # 2028201 | TowneBank Mortgage is an Equal Housing Lender. NMLS # 512138. This not a commitment to lend. The content of this video are for educational and informational purposes only. TowneBank Mortgage is not a financial advisor.