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Mortgage Market Update - Inflation, First Quarter GDP, & Pending Home Sales - 6/3/24
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Hey everyone, it's Larry Bailey. This is for the Week of May 27, 2024, in Review:
Progress towards the Fed’s 2% inflation target remains stalled while signed contracts on existing homes fell in April. Meanwhile, home prices continue to hit new highs this year. Read on for these stories and more:
- Inflation Not Heating Up But Not Cooling Off
- Pending Home Sales Plunge in April
- Home Price Gains Continue
- First Quarter GDP Weaker Than Initially Reported
- Initial Jobless Claims Tick Slightly Higher
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