When you apply for a mortgage, your bank statements are more than a record of deposits and withdrawals. They tell a story about how money moves through your life. Lenders review them to verify funds, identify large deposits, confirm reserves, and understand whether the money used for closing is properly documented. But for buyers, bank statements can also be a useful mirror.
What’s Ahead For Mortgage Rates This Week – June 1st, 2026
The PCE Index inflation data has been released on schedule, and it paints a rather grim outlook for the future. Inflation has reached a three-year high, and given that it is the Federal Reserve's preferred measure of inflation, it does not bode well for any impending rate cuts and may even raise the possibility of future rate increases.
This is somewhat offset by consumer spending having exceeded expectations, but this appears to be entirely related to high fuel prices, whether consumers want to spend that much or not.
