Weekend Update
![](https://loanscanbefun.com/wp-content/uploads/2024/01/DSC05836-scaled.jpg)
Date
- 01/26/2024
![](https://loanscanbefun.com/wp-content/uploads/2024/01/1-26-2024-Weekend-Update.jpg)
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Market Update
- Things are looking up!! The Fed’s favorite reading is Core CPE which stands for Personal Consumption Expenditure. The Fed wants to see this at 2%.
- Core CPE increased by .17%, to 2.6%, BUT year-over-year it went from 3.2% to 2.9%. This should continue to go down.
- Core CPE strips out food and energy costs. Housing increased by .46% last month and is up 6.4% yoy, previously it was at 6.7%
- Personal income rose .3%, but spending rose .7% and savings rate fell to 3.7% meaning people are struggling
- Pending home sales rose 8.3%!! Expectation was 1.3%.
- 30+ days delinquent mortgages rose from 2.8 to 2.9%
- 90+ days remained at the lowest level in 25 years at .9%
![](https://loanscanbefun.com/wp-content/uploads/2024/07/DSC06278-1024x683.jpg)
7/26/2024
PCE came in this morning. It wasn’t as low as we’d hoped, but mortgage-backed securities are actually doing ok and going the right direction.
![](https://loanscanbefun.com/wp-content/uploads/2024/07/DSC06171-1024x683.jpg)
7/12/2024
Fed members seem to be leaning towards a rate cut. We may be on the cusp of things turning around finally!
![](https://loanscanbefun.com/wp-content/uploads/2024/05/DSC07653-1-1024x683.jpg)
5/31/2024
-PCE (personal consumption expenditures) shows all-in inflation rose .3% for the month which was expected.
![](https://loanscanbefun.com/wp-content/uploads/2024/05/56d0283db80fe2492-1024x683.jpg)
5/24/2024
The market is going back and forth. We make some progress and then it reverses.
![](https://loanscanbefun.com/wp-content/uploads/2024/05/1-1024x692.jpg)
5/10/2024
There is not a ton of news for this week, but the big CPI report comes out next week.