Location! -TAMPA-FLORIDA NEW HOME -3br, 2ba, 2car gar. Brand NEW w/ONL...

• 30 Year Fixed Mortgage Rates
  
• 5.625/5.927%  as of July 15th
  

                                           Housing News

• Demand for mortgages declined for the 2nd week, led by a dip in purchase apps, which fell 4% from the previous week.
• According to the Mortgage Bankers Association, the average purchase loan amount fell to $415K last week, down from a $460K high in March.
• NAR's 2022 Member Profile showed that despite competition and low inventory, members’ median income rose $11K to $54,300 last year.

The ECONOMY:

• Inflation rose 9.1% in June, even more than the expected 8.8%. The increase seems to counter the narrative that inflation is peaking.
• With inflation still increasing, there is talk that the Fed may raise policy rates a historic 1 percent at their July meeting.
• The labor market remains strong despite recession concerns. Payrolls increased 372K in June, and wages rose 5.1% from a year ago.