|For the Week Ending December 5, 2019|
Please enjoy this quick update on what happened this week in the housing and financial markets.
|The Fed meets next week for the last FOMC meeting of the year. A policy rate cut is not expected, but markets will be looking for signs of what may happen in 2020.|
|Trade talks with China continue on a 'phase one' deal. A trade deal is expected to boost the global economy, and a deal announcement could pressure mortgage rates higher.|
|The trade deficit dropped to its lowest level in nearly 1-1/2 yrs in October, suggesting trade could contribute to economic growth and higher rates in the 4th quarter.|
|Federal regulators expressed cautious optimism on the use of alternative credit models to expand access to credit and enable consumers to obtain more favorable rates and terms.|
|CoreLogic reports that October house prices were up 3.5% year-over-year. Prices increased month-over-month by 0.5%.|
|NAR forecasts the possibility of record low housing inventory in 2020. A shortage could lead to higher prices and make it even more challenging for buyers to find a home.|
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Here is the Video version of this week's Markets in a Minute:
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