5 Things YOU NEED TO KNOW

1. The Federal Reserve has decided to keep interest rates unchanged but hinted at only one rate cut later this year.

2. Mid-June shows a mixed housing market with a slight inventory increase but a surge in existing home sales.

3. Consumer prices in May remained steady, with a 3.3% year-over-year increase, which might influence future mortgage rates.

4. Mortgage application volumes have declined for the third consecutive week, indicating cautious market sentiment.

5. Treasury yields remain stable, keeping mortgage rates relatively unchanged.

In Mesa County

There are currently 506 active homes on the market in Mesa County. This is a 3% increase compared to a week ago.

The average sold price YTD is $449,839 and the median sold price YTD is $399,000.

Mortgage Rates Today

Note: If you are receiving this unexpectedly it is because you have been placed on a limited distribution of friends and colleagues that I respect and believe will find this information useful