Market Script (PEG)

Market Script (PEG)

Present Market Conditions

Attributed to Sam Khater, Chief Economist.

“The 30-year fixed-rate mortgage remained flat this week,” said Sam Khater, Freddie Mac’s Chief Economist. “Over the summer, rates have come down and purchase applications are outpacing 2024, though a number of homebuyers continue waiting on the sideline for rates to further decrease.”

 

 Expectations

Major focus will continue to be on news pertaining to anticipated future rate adjustments throughout this very busy week.  Monday starts things off with the New Homes Sales data.  Tuesday follows with Durable Goods and 

Consumer Confidence information.  Thursday brings the Pending home Sales and Initial Jobless Claims numbers.  Friday finishes up the week with the always important Core PCE price index which is a favored inflation indicator for the Fed. 

   

Guidance

It’s a great time to be in the market for a mortgage!  You’ll want to make sure you take advantage of this great time to buy!

 

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