Description

SUMMARY: Consumer prices in May slowed more than expected with the headline number falling to 4.0%, rate lock volume jumped over 14% in May, and housing inventory rose for the 8th straight week.

• CPI Report Shows Inflation Has Been Cut in Half From Last Year’s Peak
• Rate Locks Rise in May Despite Jump in Rates
• Housing Inventory Rose For the 8th Straight Month

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201