What A Week! Inflation, Jobs, Housing, And The Fed

What a week. Inflation remained elevated, jobless claims continued to rise, and housing data challenged the housing crash narrative once again. Existing home sales rose to their strongest pace since December. First-time homebuyers accounted for 35% of purchases, and 25% of homes sold above asking price. Now attention shifts to next week's Federal Reserve meeting and what it could mean for mortgage rates. Russell McDonald | NMLS 290837 | Broker CA DRE 01150730 Wymac Capital Inc | NMLS 18766 | Broker CA DRE 01121628 Real Estate Broker - CA Dept of Real Estate