New Developments Aim to Meet Affordable Housing Demand in Cameron County

New Developments Aim to Meet Affordable Housing Demand in Cameron County In Cameron County, there are more buyers than homes available, and developers broke ground on a project aiming to meet a growing demand and need for affordable housing in the Rio Grande Valley. Read More KRGV https://www.krgv.com/news/new-developments-aim-to-meet-affordable-housing-demand-in-cameron-county

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Average U.S. Mortgage Interest Rate Rises to 5.53%, Applications Up

Average U.S. Mortgage Interest Rate Rises to 5.53%, Applications Up The average interest rate on the most popular U.S. home loan rose to its highest level since 2009 last week and demand for mortgages jumped for a second straight week despite the rising costs. Read More Reuters https://www.reuters.com/world/us/average-us-mortgage-interest-rate-rises-553-applications-up-2022-05-11/

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5/12 – MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY   Consumer Price Index rose 0.3 percent in April and 8.3 percent year-on-year The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in April on a seasonally adjusted basis after rising 1.2 percent in March, and rose 8.3 percent year-on-year.  The index for all items less food and energy rose 0.6 percent in April following a 0.3-percent advance in March, and rose 6.2 percent year-on-year. The index for airline fares rose 33.3 percent over the last year, the largest 12-month increase…

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