Weekly Market UpdateA wave of delayed economic data dropped this week, and the biggest surprise? Inflation came in much lower than expected. Core CPI fell to 2.6%, down from 3.0%—a positive sign for inflation progress.
Despite the good news, markets reacted calmly, and mortgage rates ended the week only slightly lower.
Jobs growth beat expectations, unemployment ticked up to 4.6%, and home sales reached their highest level in 9 months—though inventory remains tight.
All eyes now turn to the upcoming GDP, new home sales, and Fed commentary.Current Mortgage Rate Comparison
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Tony Nguyen | NMLS#93776
Vision Quest Lending | 196 Technology Dr., Suite C, Irvine, CA 92618
Direct 714-464-8042 | 877-318-0992 x6502
Email | tony@vqlending.com
Website | www.visionquestlending.com