Wednesday the government will tell us how much prices changed year over year in July. Inflation was an alarming 9.1% in June.
They're setting aside more cash to cover delinquencies and taking closer looks at prospective borrowers.
Attempting to curb the highest inflation in more than four decades, the Federal Reserve moved to raise its key rate to a range of 2.25% to 2.5%.
There are reasons to take a weak gross domestic product report with a big grain of salt.
Banks are reporting increased lending to both consumers and businesses.
People "desperately want to purchase," but are stepping out of the difficult market, says Ali Wolf, chief economist at Zonda.
The central bank has made its portfolio a key part of monetary policy. But the balance sheet's economic impact isn't entirely clear, experts say.
But profit margins are shrinking, and the flipping boom may be coming to an end.
It's largely about preventing “inflationary psychology” from becoming entrenched, the Bank for International Settlements said.
The number of pending sales is down from last year, but homes are still selling quickly.