Market News – 8-26-23 – Overview

News you can use – Prime Lending Update
Update August 26, 2023
•U.S. 10-year Treasury closed at 4.23% on Thursday afternoon
•Existing Home Sales came in lower than analyst’s expectations (4.07mm vs expectations of 4.15mm)
•New Home Sales came in higher than analyst’s expectations (714k vs expectations of 703k)
•Durable Goods came in lower than analyst’s expectations (-5.2% m/m vs expectations of -4.0% m/m)
•Initial Jobless Claims came in lower than analyst’s expectations (230k claims vs expectations of 240k claims)•Mortgage Applications fell 4.2% this week

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