Alma Worley at CMG Financial

In July, the consumer price index increased 0.5% month-over-month. Excluding energy and food, the index rose by 0.3%. Slowing inflation could be a sign that prices are leveling out.

Mortgage rates dipped lower last week, trending near some of their lowest levels in six months. Read here: http://spr.ly/6187ylKvW

In June, job openings increased to a series high of 10.1 million and rising at a rate 6.5%. The rate of layoffs and discharges remained at 0.9%, matching last month’s series low.

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The ADP employment report showed a 330k increase in July. For the fifth consecutive month, the leisure and hospitality sector reported gains.

Though the Fed mentioned that the economy has improved substantially, last week they voted to keep the benchmark interest rate near zero. Read more in the market update: http://spr.ly/6188y9Ssw

In June, U.S. construction spending increased 0.1% month-over-month and 8.2% year-over-year. This rise is likely due to builders’ efforts to meet housing demand and bring down prices.

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The Federal Open Market Committee met this week to discuss the federal funds rate. As expected, they voted against a rate hike and left interest rates near zero.

In May, all 20 cities in the Case-Shiller home price index saw price increases. The index rose 1.8% month-over-month and 16.6% year-over-year.

In June, new home sales declined 6.6%. Builders mentioned that demand is strong, but so are backlogs. However, an adjusted estimate of new homes for sale reached a pandemic high.

The recent removal of the Adverse Market Refinance Fee and a significant improvement in the bond market pushed average mortgage rates to their lowest range since February. Read more: http://spr.ly/6189yeMcS

Existing home sales increased 1.4% month-over-month in June, ending a four-month decline streak. The uptick in sales is likely due to the increased number of homes for sale.

The Labor Department’s Job Openings and Labor Turnover Survey is scheduled for release on Thursday. Here’s what we know: http://spr.ly/6188HWQGA

The ADP employment report for February was released this week and showed the addition of 117,000 jobs. Read more in the market recap: http://spr.ly/6184HmAAp

What is homeowners insurance and what does it cover? Read here: http://spr.ly/6185HmPpd

What can you expect from the U.S. construction spending report this week? Read here: http://spr.ly/6182HlYD2

This week, the Case-Shiller home price index was released, as well as the new home sales report. Here’s what we saw: http://spr.ly/6183HYIe3