Weekly Market Observations - December 20, 2023

Here’s Our Weekly Market Observations :

Inflation continues to slow with November’s CPI up 0.1% MOM and 3.1% YOY

SEC reviewing changes to accredited investor definition

NAR predicts existing home sales will increase by nearly 14% in 2024

Mortgage rates drop below 7% for the first time in 4 months

Average 30-year fixed mortgage rates down again to 6.95%