Market Trends
Consumer sentiment craters in March
The attitudes of consumers have soured due to uncertainties about the economy and personal finances
The attitudes of consumers have soured due to uncertainties about the economy and personal finances
Overall application pace remains sluggish, down 6.9% from February 2024
Inflation falls to an annual rate of 2.8%
The U.S. GDP is expected to slow, increasing the odds of a recession
But California laws are helping to keep homeowners in place for more than 19 years
Lower mortgage rates result in a 40% jump in rate-and-term refinancing
February’s mortgage credit was at its highest level since March 2023
Home foreclosure starts increased 8% from January
U.S. lumber producers applaud the higher tariffs, say they can supply most of the needed wood
The combination is expected to produce $200 million in savings by 2027
