top of page

Tuesday Market Movement Update

Writer's picture: Neil CaronNeil Caron

Mortgage rates trended lower last week. New home sales jumped in December. Home price appreciation continued to rise in November. Mortgage application submissions slipped a couple weeks ago. The Fed left rates unchanged. Jobless claims decreased, as did the GDP estimate for Q4 and pending home sales. Inflation was steady in December, while personal income and consumer spending increased.



Mortgage Rates Currently Trending
Mortgage Rates Currently Trending

52-Week Average Mortgage Rates
52-Week Average Mortgage Rates

  • New home sales surged beyond expectations in December, rising 3.6% month-over-month.

  • The FHFA house price index rose 0.3% month-over-month in November. This was lower than expected.

  • The 20-city Case-Shiller home price index climbed 0.4% month-over-month in November. Annual price appreciation was at 4.3%.

  • Mortgage application submissions slipped 2% during the week ending 1/24. The Refinance Index decreased 7% while the Purchase Index decreased 0.4%.

  • The Federal Open Market Committee (FOMC) voted to leave the benchmark interest rate unchanged.

  • Continuing jobless claims fell by 42,000 during the week ending 1/18. Initial jobless claims slipped by roughly 20,000 during the week ending 1/25.

  • GDP estimate for Q4 2024 was at 2.3%.

  • Pending home sales slipped 5.5% in December.



  • Housing market hits a key level not seen since 2009. Read Now >>

  • What are the housing policy priorities for the new administration? Listen Now >>

  • Fed holds rates steady. Here’s what that means for you. Read Now >>


0 views0 comments

Comentarios


bottom of page