- Retail sales strengthened by more than forecast in September. Resilient consumer spending continues to power the economy.
- Jobless claims fell much more than economists expected last week, after reaching their highest level of the year during the previous week.
- The signs of a strong economy and a rebounding labor market, along with higher inflation, are pressuring bonds and pushing mortgage rates higher.
- Builder sentiment moved up for a second consecutive month. Builders look forward to a busy 2025 despite challenging conditions.
- Mortgage apps for new home purchases rose 10.8% year over year in September, with an average loan size of $402,658 for newly built homes.
- For the week, overall purchase mortgage applications dropped 7% but were 7% higher than the same time last year.
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