Weekend Update
![](https://loanscanbefun.com/wp-content/uploads/2024/07/DSC06171-scaled.jpg)
Date
- 07/12/2024
![](https://loanscanbefun.com/wp-content/uploads/2024/07/Weekend-Update-7-12-24.png)
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Market Update
- Fed members seem to be leaning towards a rate cut. We may be on the cusp of things turning around finally!
- Sept 18th is likely to see a rate cut
Possible July 31st cut, but not terribly likely - July 24th we’ll see some actual employment numbers (although they are lagging)
- Quarter 4 BLS job report overstated the jobs by over 521,000!!
- Also we’ll get the June reading on PCE. Estimates keep getting revised lower.
- Those two revisions would change the core PCE from 2.6 o 2.4, If both of those things happen the fed…could potentially lower rates in July, but it’s unlikely.
- Producer Price Index Inflation for June 2024 went up overall.
- Foreclosures are down 4.4% in the first half of 2024
![](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.