Weekly Market Observations - September 26, 2023

Here’s Our Weekly Market Observations :

The Fed holds interest rates steady, but hits at more hikes

Existing home sales fall 0.7% in August from July and 15.3% YOY

Housing market tightens as inventory remains at historic lows

Existing home sales medium prices increase 3.9% YOY to $407,100

Average 30-year fixed mortgage rates up slightly to 7.19%