🔥 Market Update in Less Than 60 Seconds: Good morning, everyone! 🌞 The bond market started off tough today, but we got some relief from a weaker-than-expected industrial production report. Factories are running at their lowest levels in over three years, easing some inflation pressure. 🏭📉 However, the Producer Price Index (PPI) came in hotter than expected, with egg prices soaring by 55% and fruits & vegetables up 31%! 🍳🥦 This spike pushed overall inflation higher, which isn’t great news for mortgage rates. 📈💔 On the jobs front, initial jobless claims rose unexpectedly to 242,000, signaling potential weakness in the labor market. This could influence the Fed’s decisions next week. 🚨 Mortgage-backed securities are holding steady 📊, and the 10-year Treasury climbed to 4.38%. With big news coming up this week—Fed’s economic projections on Wednesday and the PCE report on Friday—things could get volatile. 📅🔍 Don’t wait—whether you’re buying, selling, or refinancing, now’s the time to act! Let’s strategize your next move. DM me today! 🏡✨ Let’s go! #MarketUpdate #MortgageRates #HomeBuying #RealEstate #Inflation #BondMarket #EconomicNews #PPI #JobsReport