Mortgage Market Update 12/22/17

Mortgage rates held steady Friday in quiet trading. This morning, the November core PCE price index, one of the Fed’s preferred measures of inflation, rose 0.1%, matching forecast, and was a tame 1.4% higher year-over-year. November Durable Goods Orders rose 1.3%, short of expectations, however October figures were revised higher. New Home Sales jumped 17.5% last month to 733,000 annual units, the highest level since July 2007. Consumer Sentiment fell to 95.9, a bit below forecast. No other key data will be released today. Financial markets will be closed on Monday. Merry Christmas!

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