Weekend Update
![](https://loanscanbefun.com/wp-content/uploads/2024/03/DSC07623-scaled.jpg)
Date
- 03/08/2024
![](https://loanscanbefun.com/wp-content/uploads/2024/03/3-08-2024-Weekend-Update.jpg)
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Market Update
- Used care prices fell .1 year over year and fell .8% in February. Car sales play into inflation numbers
- Powell said if the Fed waits too long or cuts too little, it can cause economic slowdown and hurt job market…duh.
- Rent is causing inflation numbers to stay high as this hasn’t really decreased as hoped.
- Equity rose 8.6% year over year!! Woohoo!
- 1.2% of all homes have negative equity which is a pretty low number.
- Jobless claims remains about the same, employers are trying to keep employees.
- However, continuous claims rose and it is the second high number since Nov 2021. It’s hard to find a job once you lose one.
- January and February had the largest amount of layoffs since 2009 so some of the numbers are lagging.
- BLS report comes out today for the month of February. Estimated 200,000 job creations.
- Most likely will be revised. Market reacts to the BLS report and not so much the revisions.
![](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.