🔥 Market Update for Monday, December 30, 2024: 🔥 Hi everyone! 👋 As we wrap up 2024, let’s talk about what’s happening in the market and what to expect in 2025! 🚀 Unemployment duration has jumped to 10.5 weeks, the highest in three years, with continuing claims at 1.9 million—the highest since 2021. 📈 This tougher job market can affect mortgage rates and overall economic stability. 🏦 Mortgage applications are holding strong. 💪 The bond markets are feeling the pressure: Mortgage-backed securities are dipping, and the 10-year Treasury climbed to 4.50%. 📊 Looking ahead to 2025, affordability is set to improve as incomes rise and interest rates stabilize. 📅🔍 Ready to navigate the changing market? Let’s create your personalized strategy for 2025! DM me today! 📩✨ Let’s go! #MarketUpdate #MortgageRates #HomeBuying #RealEstate #Unemployment #BondMarket #HousingMarket #Refinance #EconomicNews #StoreClosures #Affordability #2025Forecast

- 🔥 Market Update in Less Than 60 Seconds. Yesterday was Fed Day, and they cut interest rates by 25 basis points—good news! 📉 But here’s the kicker—they’re planning fewer cuts for 2025, which has the bond market reacting negatively. 📈 The 10-year Treasury is now climbing to 4.56%! 📊 In the housing market, new home builds are down 📉, but more households are being formed, driving home prices up! 🏡💰 Plus, builder confidence is soaring to the highest level in three years—exciting for future sales! 📈✨ Mortgage applications are showing some improvement—home purchases are up 1% this month and 3% year-over-year, while refinancing is only down 3%, showing resilience. 🏠💪 CoreLogic’s latest report is positive: loan delinquencies are low at just 0.9% and foreclosures are near historic lows at 0.3%! Don’t wait—whether you’re buying, selling, or refinancing, let’s strategize your next move! DM me today! 📩✨ Let’s go! #MarketUpdate #MortgageRates #HomeBuying #RealEstate #BondMarket #Inflation #FedMeeting #HousingMarket #Refinance #EconomicNews

🔥 Market Update in Less Than 60 Seconds: Good morning, everyone! 🌞 The bond market started off tough today, but we got some relief from a weaker-than-expected industrial production report. Factories are running at their lowest levels in over three years, easing some inflation pressure. 🏭📉 However, the Producer Price Index (PPI) came in hotter than expected, with egg prices soaring by 55% and fruits & vegetables up 31%! 🍳🥦 This spike pushed overall inflation higher, which isn’t great news for mortgage rates. 📈💔 On the jobs front, initial jobless claims rose unexpectedly to 242,000, signaling potential weakness in the labor market. This could influence the Fed’s decisions next week. 🚨 Mortgage-backed securities are holding steady 📊, and the 10-year Treasury climbed to 4.38%. With big news coming up this week—Fed’s economic projections on Wednesday and the PCE report on Friday—things could get volatile. 📅🔍 Don’t wait—whether you’re buying, selling, or refinancing, now’s the time to act! Let’s strategize your next move. DM me today! 🏡✨ Let’s go! #MarketUpdate #MortgageRates #HomeBuying #RealEstate #Inflation #BondMarket #EconomicNews #PPI #JobsReport

🎯 Today’s Update: The ADP employment report came in weaker than expected at 146K jobs (just 63K unadjusted), raising questions about seasonal adjustments. Small businesses continued to shed jobs, while large businesses and sectors like health services carried the gains. Meanwhile, wages showed a slight bump after two years of declines, but this may also be seasonal noise. 🏡 Housing Market: Mortgage applications rose slightly last week, but remember, it was Thanksgiving—so take these numbers with a grain of salt. 📈 Market Update: Mortgage-backed securities remain range-bound with support and resistance levels in play. The focus is now on Friday’s BLS jobs report, which could influence the Fed’s upcoming decision on December 18. DM me if you want to talk about how this impacts your buying or refinancing goals! Let’s Go! #MarketUpdate #MortgageRates #JobsReport #EconomicNews