The first big week of 2024 for economic data is here as we will get the main job number reports, as well as our first FOMC meeting with Mr. Powell.  January has started out pretty slow with mixed signals, and nothing so far to tip the scales in any one direction.  Inventory of active houses for sale is slightly lower, and demand is slightly higher.  This is evident on my end through an uptick in pending homes, which brings down the available inventory, also through a 8% week over week positive change in purchase applications.  I'll be keeping a close eye here every week.
Today through Friday should prove to be a volatile couple days for the 10yr treasury yield and thus the 30yr mortgage rates.  I will be watching closely per usual, as any surprises in the reports I mentioned above could swing things significantly to either muddy the waters or provide more clarity.  Let's see! 

What are you seeing or hearing? I'd love to know paul@guiderealestate.com
Visit www.paulpelettarealtor.com

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