The Monday Show

SUMMARY: Private payrolls rise more than expected, job openings fall more than expected, the manufacturing industry expands for the first time in 26 months, and Wilmington home prices rise for the first time since May of last year...

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

SUMMARY: Trump enacts 25% tariffs on Mexico & Canada, prices rise as expected in December, and it's jobs week!

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

SUMMARY: The Federal Open Market Committee makes its first decision in 2025, the economy shows signs of slowing to start the new year, and new home sales in the south fall slightly to close out 2024...

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

SUMMARY: AI stocks pull the equity markets down along with bond yields, homeowners insurance rates to rise by double digits the next two years, existing-home sales in the South rise to a 10-month high, and its a busy week with the first Fed decision of 2025...

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

SUMMARY: While consumer prices did rise by more than expected in December, core inflation slowed more than expected which gave some home that inflation might still be under control, PPI was better than expected in December, and the US government is over $700B in the hole after just three months...

LINKS:

• CNBC: Core inflation rate slows to 3.2% in December, less than expected
• REUTERS: US inflation still slowing as producer prices rise below expectations in December
• CBO: Treasury Confirms Calendar Year 2024 Deficit Tops $2.0 Trillion

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

SUMMARY: The economy ended 2024 hotter than expected as the labor market added 256,000 jobs in December on expectations of just 160,000 jobs, the 10-year jumped to 14-year highs after the hotter jobs report and continues to rise on Monday, and this week it is all about consumers with inflation data and retail sales...

LINKS:

• REUTERS: US labor market exits 2024 with strong job gains, drop in unemployment rate
• CNBC: 10-year Treasury yield touches fresh 14-month high
• MARKETWATCH: It's all about consumers this week with inflation and retail data

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

SUMMARY: A bad week for rates as the 10-year yield continues to climb, mortgage demand falls to a 30-year low, job openings unexpectedly rise, jobless claims fall, private payrolls rise by less than expected, and rents in Wilmington fall to a 20-month low...

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

SUMMARY: Wilmington was the number one place to move in 2024 the third time it topped the list in the last five years, Wilmington's unemployment rises slightly in November, and it's jobs week!

LINKS:

• Wilmington is the Top Place to Move for the 3rd Time in the Last 5 Years
• Wilmington’s Unemployment Rate Rises to 3.0% in November
• This Week: Finals Jobs Week of 2024

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

SUMMARY: Big week for central banks as they will make their final decision on interest rates, survey finds support for Trump's economic policies, Softbank announces a $100 billion investment in US, and NAR picks the top housing markets for 2025...

LINKS

• WSJ: The Fed’s Game Plan on Interest-Rate Cuts Keeps Shifting
• THIS WEEK: Central Banks
• CNBC: Softbank CEO and Trump to announce $100 billion investment in U.S. by firm
• PREDICTION: Housing Hot Spots in 2025

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

SUMMARY: Inflation in the Euro Area rises in October, home construction in the South falls across the board, and President Trump picks Howard Lutnick for his Commerce Secretary. 

SHOW LINKS:

• Inflation Rises in the Euro Area in October
• Trump Selects Lutnick to Head Commerce Department
• Residential Construction Down Across the Board in the South

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