Cape Fear Report

SUMMARY: Live Oak Bank invests in affordable housing in Wilmington, home prices in the south fall in July for the first time since January, national home prices hit an all-time for the 14th straight month, and refi demand is up 49% in two weeks as rates fall for 12 straight weeks...

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Former President Donald Trump talks about the economy and housing at his rally in Wilmington, Republican leaders look to avoid a shutdown with a new spending deal, and it's a busy week for housing data...

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: The debate continues as to whether the Fed will cut by 25 or 50 bps with a new CNBC survey out and a new Nick Timiraos article, retail sales rise but are still below the rate of inflation, and the Cape Fear area begins to recover from major flooding in Brunswick County...

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: All eyes are on the Fed as the latest Federal Open Market Committee meeting starts tomorrow, the debate continues on whether the Fed will cut 25 or 50 basis points with markets leaning towards a 50 bps cut, a busy week ahead with central banks in England and Japan making interest rate decisions as well, the US government ran a $380 billion deficit in August, and today is the 25th anniversary of Hurricane Floyd hitting Wilmington.

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Rates fall as a new jobs report shows signs the labor market is cooling, rent year-over-year falls for the 14th straight month in Wilmington, and a busy week for inflation data...

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Wilmington is the 19th best place in the Country to be a renter, job openings rise in May, manufacturing slows for the third straight time, and housing price growth hits a 7-month low...

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Home buying got slightly easier in May, home prices hit an all-time high again, and consumer confidence fell to the second-lowest level in 18 months...

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Existing-home sales fall for the third straight month, a busy week ahead with housing and inflation data, and a new theory says rates could stay higher forever...

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Homebuilder confidence hits the lowest level all year, residential construction unexpectedly falls in May, and a new analysis finds the US housing market is 4.5 million homes underbuilt....

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Retail sales rise less than expected in May with year-over-year data showing that consumers are keeping pace with inflation, Euro area inflation rises for the first time in three months, New Hanover County passes a budget, and Wilmington's rental market cools slightly in the second quarter...

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201