The consumer price index, which measures inflation, was slightly lower than expected in April. Lack of inflationary pressure helps keep rates lower.
The producer price index was also a bit lower than April's forecast, another sign of lower inflation pressure. Prices rose 0.1% instead of the expected 0.3%.
Oil prices continue to rise, hitting the highest levels since 2014. Increasing oil prices could push rates higher.
Could more inventory start hitting the market? In a recent FannieMae survey, 45% of respondents said it's a good time to sell, a new survey high.
Amazon's Alexa system is gaining ground in powering smart homes. New home builder Lennar announced plans to include the technology in all new homes.