The Consumer Price Index (CPI) showed overall inflation rose 0.2% in July, while the year-over-year rate held steady at 2.7%. Both came in right on target with expectations, giving the Fed more reason to consider cutting rates in the near future.

Home Price Index showing a slight increase in value of 0.06%. Less appreciation but is regionally impacted.

Rates holding their ground. We expected a more rate positive response to the inflation numbers.

Big changes are coming to the “trigger lead” practice that’s been plaguing borrowers—from auto loans to mortgage applications. A trigger lead happens when the three credit bureaus sell a borrower’s basic data to the open market, leading to a flood of unwanted calls and texts.

A new bill slated to pass will prohibit this practice. A huge win for everyone.

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