Highlights this week:

• 30-year fixed rates pushed to six-week highs around the mid‑6% range as inflation data ran hotter
• MBA data showed mortgage applications up 1.7% with purchase activity rising 4%
• Existing-home sales were flat in April, underscoring a slower spring market
• Inventory continues to edge higher while listing prices run below last year’s levels
• Charlotte approved $26.4M for affordable housing projects targeting 816 homes
• City leaders are debating a temporary pause on new data center construction to address utility impacts