In A Nut Shell Market Minutes For The Week Ending 4/15/16
Consumer prices rose less than expected in March and underlying inflation slowed, suggesting the Fed will remain cautious about raising policy rates.
The labor market, however, continues to show signs of strength. Jobless claims remained below 300,000 for the 58th week, the longest stretch since 1973.
Oil prices have risen as traders look to Sunday's meeting of oil producing countries. If oil prices continue to increase, it could pressure rates higher.
The spring market is heating up as purchase mortgage applications saw a sudden pick up last week. Apps to purchase new construction jumped by 17% in March.
The "tiny house movement" is continuing to gain steam. Usually around 200 sq ft, these homes are becoming more popular among those looking to shed costs.
As home values once again rise, it creates new opportunities. An interesting concept, down payment insurance, is now being offered by private companies.