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Market Movement January 01, 2024

Market Movement and Potential Volatility for Mortgage Rates

52 Week Average Mortgage Rates

  • How resilient are U.S. home prices right now? Listen Now >>

  • Housing market predictions for 2024. Read Now >>

  • National Association of Realtors (NAR) chief economist talks lower interest rates and home buyers. Watch Now >>

Market Recap

  • The FHFA house price index climbed 0.3% month-over-month in October, which was much slower than September's 0.7% climb and October's expected climb of 0.5%. Year-over-year, the index increased to 6.3%.

  • The 20-city Case-Shiller home price index inched up 0.6% month-over-month and 4.9% year-over-year, which was higher than the 3.9% annual gain the month before.

  • Continuing jobless claims were at 218,000 during the week ending 12/23, a higher-than-expected increase of 12,000 from the week before.

  • Pending home sales were unchanged in November following a 1.2% decline in October.


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