A week’s quick look at the markets for the Week Ending November 3, 2023   ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ 

30-Year Fixed Mortgage Rate Movement
The Fed maintained the current policy rate at its November meeting and signaled the cycle of increases may be ending.
Despite a booming economy, consumer confidence dropped for the 3rd straight month amid persistent inflation worries.
Jobless claims rose for the 6th week, signaling the labor market may be cooling. However, job opening data showed layoffs at a 9-month low.
According to ICE, home prices set a record in August for the 4th consecutive month. Prices rose 0.68% over July’s level.
The homeownership rate held steady at 66% in the 3rd quarter, according to the Census Bureau. The rate is 3.2% lower than its 2004 peak.
Only 562K single-family homes are on the market, far fewer than in any recent year. However, listings were up 1.5% for the week. 
“However difficult life may seem, there is always something you can do and succeed at.”
Stephen Hawking