Nova Home Loans

The Federal Reserve’s meeting is the main event this week. The meeting begins Tuesday, with the Fed’s policy announcement and press conference scheduled for Wednesday afternoon. We’ll also get several important housing and economic reports. Wednesday brings home builder confidence and the latest retail sales data. On Thursday, we’ll get new home construction data, Pending Hom...

This easy and delicious Blackberry Crumble is the perfect treat for National Blackberry Day on September 12. The recipe yields 8 servings.

Preheat your oven to 375 degrees Fahrenheit. Place 4 cups fresh blackberries in a pie dish and sprinkle with 2 tablespoons sugar. In a food processor, combine 1 cup all-purpose flour, 1/2 cup brown sugar, 6 tablespoons cubed unsa...

Unemployment claims continue to tell the same story this summer. Initial filings remain relatively low at around 206,000, but they may not capture the full picture as some workers who lose jobs are turning to freelance or gig work rather than filing for benefits. Meanwhile, continuing unemployment claims remain elevated at 1.77 million, suggesting it is taking longer for some...

Existing home sales fell 2% from July to August, marking the third consecutive monthly decline. Sales reached a seasonally adjusted annual rate of 3.98 million homes, 1.2% below August 2025 levels. Meanwhile, inventory continued to build. The number of homes available for sale increased 3.2% from July and was 5.9% higher than a year earlier.

Bottom line:
Na...

Inflation increased in August, with the headline Consumer Price Index (CPI) rising 0.4% from the previous month, driven largely by higher gas and energy costs. The annual rate held steady at 3.4%. Core inflation, which excludes food and energy, rose 0.3% for the month but fell to 2.4% year over year – its lowest level in more than five years.

Wholesale inflation...