Weekend Update
![](https://loanscanbefun.com/wp-content/uploads/2024/05/DSC07653-1-scaled.jpg)
Date
- 05/24/2024
![](https://loanscanbefun.com/wp-content/uploads/2024/05/6-01-2024-Weekend-Update.jpg)
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Market Update
- PCE (personal consumption expenditures) shows all-in inflation rose .3% for the month which was expected.
- YOY inflation remained stable at 2.7%. Energy costs rose 1.2% for the month which contributed to the inflation numbers.
- Core rate (which strips out food and energy) rose .2% last month and this is the one the Feds focus on.
- Core retail sales were negative and durable goods flatlined. If this continues, this is a good indication of a slowdown. *Basically, not seeing much progress on inflation, but it’s not getting worse.
- 30 day lates on mortgages declined from 2.8% to 2.6% in March
- 90+ days lates rose from .9% to .11%
- These are still healthy levels
![](https://loanscanbefun.com/wp-content/uploads/2024/01/cropped-2024-01-22_lcbf_nmls_logo_2x-1024x1024.png)
![](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.