Weekend Update
Date
- 03/08/2024
Market Update
- Quarterly 1 GDP shows growth of 1.6% instead of the 2.5% estimated.
- Personal spending rose 2.5% instead of 3%.
- Pending home sales rose 3.4% in March, expected is .3%
- PCE comes out today, but prediction is that is will decline from 2.8 to 2.7%.
- NAR forecasts housing starts will rise in 2024 and even more in 2025.
- Initial jobless claims fell 5000 to 207,000 and long term claims decreased as well.
3/8/2024
Used care prices fell .1 year over year and fell .8% in February. Car sales play into inflation numbers
2/9/2024
Bonds are a little down right now so we recommend locking at the moment Congressional Budget Office says the deficit is no 1.6 T. They think it will increase 60% in the next 10 years if nothing was added. That is extremely unlikely.
08/25/2023
The big news this week is that the Feds are meeting in Jackson Hole, Wyoming for their big symposium
08/18/2023
It’s been a rough week for mortgage rates. I know we are all feeling it. HANG IN THERE!
05/26/2023
Credit Rating Agency Fitch said it is moving the US to “rating watch negative” Fitch is one of the 3 major credit rating agencies.
