Weekly Market Observations — June 20, 2023

Here’s Our Weekly Market Observations :

Inflation slowed for the 11th consecutive month with CPI at 4% in May

The Fed holds interest rates, but hints more increases are likely

Multifamily leasing starting to rebuild momentum as rent growth cools

Offerpad executes a 1-for-15 reverse stock split to avoid NYSE delisting

Average 30-year fixed mortgage rates down slightly to 6.69%