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Mortgage Market Update - Inflation Inching Closer to 2% Target, Jobless Claims, & Improving Housing Conditions - 12/26/2023
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Hey everyone, it's Larry Bailey from Mortgage Workflow Partners. This is for the Week of December 18, 2023, in Review:
The Fed’s favored inflation measure continues to move lower toward its 2% target while falling mortgage rates boosted existing home sales and new construction. Don’t miss these stories:
- Inflation Inching Closer to Fed’s 2% Target
- Existing Home Sales End 5-month Skid
- New Home Sales Plunge to Lowest Level in a Year
- “Improving Housing Conditions” in 2024
- Housing Starts Hit 6-Month High
- Initial Jobless Claims at 2-Month Low
00:00 Introduction
01:01 Inflation inching closer to Fed's 2% target
02:56 Benchmark Fed funds rate and rate hikes
04:32 Existing home sales update
06:08 New home sales and low inventory
08:16 Home builder sentiment
10:17 Housing starts and construction update
13:03 Demand vs. supply in the housing market
14:07 Holiday recipe bonus
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