Chicago, Illinois, July 1, 2021 - The continued labor and materials shortages threaten the Fed’s ability to tame inflation. The Fed’s target of two percent annual growth now exceeds three percent. However, the Fed states that inflation pressures rank as a temporary concern. Mortgage rates barely changed. Since late May, overall benchmark rates fluctuated about twenty basis points and dropping about fifteen basis points by the end of the month.… more...

Less economic [and cash flow] uncertainty translates to better pricing in what continues to be a seller’s market.… more...