Weekly Market Observations - January 22, 2025

Here’s Our Weekly Market Observations :

Economy

↓ Inflation cools with December CPI coming in below expectations at 3.2%

↑ December jobs report better than expected with 256k jobs added

Housing

↑ December existing home sales up 4.8% MOM and 6.1% YOY

↑ Home sales prices up 4.7% YOY to $406,100

↑ Home inventory up 8.6% YOY to 3.8 months

Mortgage

↑ Average 30-year fixed mortgage: 7.04%