Description

SUMMARY: Rates actually fell even after GDP jumped way more than expected mostly because durable goods were flat in December and jobless jumped more than expected last week.  New home sales jumped over 10% in December and a new report from Harvard finds that more renters than ever before are burdened by their rent payments even as the homeownership rate has risen...

SHOW NOTES: 

• WSJ: U.S. GDP Rose 3.3% in Fourth Quarter
• MW: U.S. initial jobless claims up 25,000 to 214,000 in latest week
• New Home Sales in the South Jump 10.6% to Close Out 2023
• NYT: More Renters Than Ever Before Are Burdened by the Rent They Pay

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201