SUMMARY: Homeowner equity falls slightly in the fourth quarter of 2022 but remains almost double pre-pandemic levels, Fed Chair Jerome Powell announces rate hikes are staying the course, construction spending falls more than expected to end 2022, and jobs data seems to show a continued tight labor market...

Sources:

• Home Equity Falls Slightly For Frist Time Since 2020
• Fed Hikes Rate By A Quarter Of A Point
• Construction Spending Falls More Than Expected

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