Weekly Market Observations - September 24, 2024

Here’s Our Weekly Market Observations :

The Fed made the first rate cut in 4 years with a 0.5% cut

Retail sales up more than expected in August

Existing home sales down by 2.5% MOM and 4.2% YOY

Median sales price up 3.1% YOY to $416,700

Average 30-year fixed mortgage dropped to 6.09%