Matthew Paul - Rodeo Realty - Los Angeles

Matthew Paul - Rodeo Realty - Los Angeles Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Matthew Paul - Rodeo Realty - Los Angeles, Estate agent, 202 N Canon Dr`, Beverly Hills, CA.

10/25/2025

Economic Update | Week Ending October 24, 2025

Inflation is showing signs of leveling – On Friday, the Consumer Price Index (CPI) for September was released. It showed that consumer prices rose 3% from one year ago. The 3% CPI rate was the highest level since January 2025, but below analysts’ expectations of a 3.1% rise. The CPI rate dropped steadily after peaking at 9.1% in June 2022, its highest level since 1981. By April 2025, it had worked its way down to 2.3%. Experts felt that we were just months away from hitting the Fed’s 2% target, but when the administration began increasing tariffs, some of those tariffs were passed along to consumers, and the CPI rate began to steadily rise. Even though the CPI rate was the highest since January, investors felt good about the numbers, and stock markets ended the week at record levels. The Core CPI rate, which excludes food and energy rose 3% from one year ago as well, down from 3.1% in August. The CPI report was delayed due to the government shutdown. Other reports, like the September Jobs report, the Producer Price Index, and others are delayed indefinitely. The government called in furloughed government employees to complete the CPI report because it was needed to calculate the amount of the annual increase to social security payments. The increase was set at 2.8% after the CPI report was released.

Interest rates – The Federal Reserve will conduct its Federal Open Market Committee (FOMC) next Tuesday and Wednesday. It is widely believed that they will reduce their key interest rates by ¼%. That’s pretty much built into the stock market prices. A larger drop will rally stocks a smaller increase could cause stock prices to drop.

Stock Markets – Despite the government shutdown down stock markets closed the week at record highs. The Dow Jones Industrial Average closed the week at 47,207.12, up 2.2% from 46,190.61 last week. Year-to-date, it is up 6% from 44,544.66 on December 31, 2024. The S&P 500 closed the week at 6,791.69, up 1.9% from 6,664.01 last week. Year-to-date, the S&P is up 12.4% from 6,040.53 on December 31, 2024. The Nasdaq closed the week at 23,204.87, up 2.3% from 22,679.98 last week. Year-to-date, it is up 18.2% from 19,627.44 on December 31, 2024.

U.S. Treasury bond yields – The 10-year treasury bond closed the week yielding 4.02%, unchanged from 4.02% last week. The 30-year treasury bond yield ended the week at 4.59% almost unchanged from 4.60% last week. We watch bond yields because mortgage rates follow bond yields.

Mortgage rates – Every Thursday, Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week. The Freddie Mac Primary Mortgage Survey reported that mortgage rates for the most popular loan products as of October 23, 2025, were as follows: The 30-year fixed mortgage rate was 6.19%, down from 6.27% last week. The 15-year fixed was 5.44%, down from 5.52% last week.

U.S. existing-home sales – September 2025 – The National Association of Realtors reported that existing-home sales totaled 4.06 million units on a seasonally adjusted annualized rate in September, up 1.3% from 4.0 million homes on an annualized rate sold in August and up 4.1% from the number of homes sold last September. The median price paid for a home sold in the U.S. in September was $415,200, down 1.75% from $422,600 in August but up 2.1% from $406,700 one year ago. There was a 4.6-month supply of homes for sale in September, up from a 4.2-month supply last September. First-time buyers accounted for 30% of all sales, up from 28% last month. Investors and second-home purchases accounted for 15% of all sales, down from 21% in August. All cash purchases accounted for 30% of all sales, up from 28% last month. Foreclosures and short sales accounted for 2% of all sales

Have a Great Weekend!

Matthew Paul

10/18/2025

Economic Update | Week Ending October 18, 2025

Jobs report and CPI report delayed due to government shutdown – The September jobs report was not released last Friday as scheduled, and the September CPI report that was expected to be released on Wednesday was also delayed due to the government shutdown. These reports are essential to determine the strength of the economy and for important decision making by the Federal Reserve, who have an interest rate meeting on October 28 and 29. The CPI report is also needed to calculate increases in Social Security benefits. It was announced last week that some workers were called back to work at the Bureau of Labor and Statics to get the CPI report done. Nevertheless, it was not ready on Wednesday as planned and an announcement was made that the government was shooting for Friday, October 24th to release the CPI report. No announcement was made regarding the jobs report.
Stock Markets recovered from last Friday’s sell-off – The Dow Jones Industrial Average closed the week at 46,190.61, up 1.6% from 45,478.60 last week. Year-to-date, it is up 3.7% from 44,544.66 on December 31, 2024. The S&P 500 closed the week at 6,664.01, up 1.7% from 6,552.51 last week. Year-to-date, the S&P is up 10.3% from 6,040.53 on December 31, 2024. The Nasdaq closed the week at 22,679.98, up 2.1% from 22,204.43 last week. Year-to-date, it is up 15.6% from 19,627.44 on December 31, 2024.

U.S. Treasury bond yields – The 10-year treasury bond closed the week yielding 4.02%, down slightly from 4.05% last week. The 30-year treasury bond yield ended the week at 4.60% down slightly from 4.63% last week. We watch bond yields because mortgage rates follow bond yields.

Mortgage rates – Every Thursday, Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week. The Freddie Mac Primary Mortgage Survey reported that mortgage rates for the most popular loan products as of October 16, 2025, were as follows: The 30-year fixed mortgage rate was 6.27%, down slightly from 6.3% last week. The 15-year fixed was 5.52%, nearly unchanged from 5.53% last week.

Freddie Mac was chartered by Congress in 1970 to keep money flowing to mortgage lenders in support of homeownership and rental housing. Their mandate is to provide liquidity, stability, and affordability to the U.S.

September home sales – This week, the California Association of Realtors released its September 2025 home sales report. You can run a report on your city or zip code with the same data at RodeoRe.com.

California existing-home sales – The California Association of Realtors reported that existing-home sales totaled 277,410 on an annualized basis in September, up 5% from 264,240 in August. Year-over-year sales were up 6.6% from a revised 260,340 in September 2024. The statewide median price paid for a home was $883,640 in September, down 1.7% from $899,130 in August and up 1.8% from $868,150 in September 2024. The unsold inventory index showed that there was a 3.6-month supply of homes for sale in September.

Have a Great Weekend!

Matthew Paul

10/11/2025

Economic Update | Week Ending October 11, 2025

Stock markets tanked on Friday, and interest rates dropped – Stock markets had their worst day since President Trump announced his tariff plan in April, after he announced an additional 100% tariff on all imports from China. This was in response to China’s announcement that it would limit the exports of raw materials. The Dow, which has seen a great rise in recent weeks and was near its all-time high, dropped 879 points, a 1.9% one-day loss. The S&P fell 2.7% and the tech-heavy Nasdaq fell 3.6% on Friday. It was a dreadful day for investors, but it’s completely possible that another deal will be worked out with China by Trump’s November 1st deadline, and the additional 100% tariffs will never take place. On the positive side, when investors sell stocks, they often flock to the safety of U.S. Treasury bonds. They did, and bond yields hit their lowest levels of the year. This drove down mortgage rates on Friday to their lowest levels since last September as well.

Government shutdown – The government shutdown will enter its third week next week. Hopefully, we will see a deal to reopen the government soon. For some reason, this has not affected stock prices and interest rates. While many government employees have been furloughed, the administration called the Bureau of Statistics employees back to work so that they could tabulate the September CPI numbers and release them on October 15. That was a welcome surprise to investors after last week’s jobs report was not released due to the shutdown. All eyes are on the labor market and the inflation rate because the Fed’s mandate is to control inflation and maintain full employment. With the unemployment rate rising, last month they made their first interest rate cut of the year. The rate of inflation that peaked at 9.1% in June of 2022 had worked its way down to 2.3% in April, but has risen steadily since tariffs were increased and had risen to 2.9% in August. The Fed felt that addressing the deteriorating labor market was more important at this time than controlling inflation. The Fed has another meeting on the 28th and 29th of October. Knowing the unemployment rate and the inflation rate will give investors insight into whether the Fed will cut interest rates again at the October meeting.

Stock Markets – The Dow Jones Industrial Average closed the week at 45,478.60, down 2.7% from 46,758.28 last week. Year-to-date, it is up 2.8% from 44,544.66 on December 31, 2024. The S&P 500 closed the week at 6,552.51, down 2.4% from 6,715.79 last week. Year-to-date, the S&P is up 8.5% from 6,040.53 on December 31, 2024. The Nasdaq closed the week at 22,204.43, down 3.5% from 22,780.51 last week. Year-to-date, it is up 13.1% from 19,627.44 on December 31, 2024.

U.S. Treasury bond yields – The 10-year Treasury bond closed the week yielding 4.05%, down from 4.13% last week. The 30-year treasury bond yield ended the week at 4.63% down from 4.71% last week. We watch bond yields because mortgage rates follow bond yields.

Mortgage rates – Every Thursday, Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week. The Freddie Mac Primary Mortgage Survey reported that mortgage rates for the most popular loan products as of October 9, 2025, were as follows: The 30-year fixed mortgage rate was 6.3%, down from 6.34% last week. The 15-year fixed was 5.53%, nearly unchanged from 5.55% last week. The 30-year was closer to 6% at the end of the day on Friday. We would not be surprised to see the stock market correct and mortgage rates rise on Monday. It just seems like the giant one-day drop in stocks and interest rates was an overreaction.

Freddie Mac was chartered by Congress in 1970 to keep money flowing to mortgage lenders in support of homeownership and rental housing. Their mandate is to provide liquidity, stability, and affordability to the U.S.

Have a Great Weekend!

Matthew Paul

10/04/2025

Economic Update | Week Ending October 4, 2025

The government shutdown started on Wednesday after Congress could not reach a deal to fund the government – Why did stock markets rise to end the week at record high levels, and bond yields and mortgage rates drop? Nobody knows for sure. What we do know is that investors did not panic. Perhaps they feel that it won’t last long or that it will not impact corporate earnings. Some hope that spending may decrease. They are also expecting another rate drop at the October 28-29 Fed meeting.

September jobs report delayed – Investors and the Federal Reserve were waiting for the September jobs report to gauge the status of the job market. It was scheduled to be released on Friday. Recent data showed that hiring had slowed dramatically, and the unemployment rate has been rising. The Federal Reserve has a dual mandate. It is to control inflation and to maximize employment. Inflation has been rising, but hiring has stalled, and unemployment is rising. Fears of a deteriorating jobs market caused the Fed to make its first interest rate cut this year in September. With the Department of Labor and Statistics on shutdown, there was no official jobs report released. ADP, the world’s largest employer and payroll service, estimated that private payrolls shrank by 31,000 jobs in September, but they often are not in line with the government report.

Stock Markets – The Dow Jones Industrial Average closed the week at 46,758.28, up 1.1% from 46,247.29 last week. Year-to-date, it is up 5% from 44,544.66 on December 31, 2024. The S&P 500 closed the week at 6,715.79, up 1.1% from 6,643.70 last week. Year-to-date, the S&P is up 11.2% from 6,040.53 on December 31, 2024. The Nasdaq closed the week at 22,780.51, up 1.3% from 22,484.07 last week. Year-to-date, it is up 16.1% from 19,627.44 on December 31, 2024.

U.S. Treasury bond yields – The 10-year treasury bond closed the week yielding 4.13%, down from 4.20% last week. The 30-year treasury bond yield ended the week at 4.71% down from 4.77% last week. We watch bond yields because mortgage rates follow bond yields.

Mortgage rates – Every Thursday, Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week. The Freddie Mac Primary Mortgage Survey reported that mortgage rates for the most popular loan products as of October 2, 2025, were as follows: The 30-year fixed mortgage rate was 6.34%, up from 6.3% last week. The 15-year fixed was 5.55%, up from 5.49% last week.

Have a Great Weekend!

Matthew Paul

09/27/2025

Economic Update | Week Ending September 27, 2025

The economy was stronger than reported in the second quarter of 2025 – This week, the government released its final revision of the nation’s second quarter GDP. It showed that the economy grew 3.8% in the second quarter of 2025, up from its previous reported 3.2% increase.
Fed’s Preferred index showed that inflation increased for a fourth straight month in August – The Personal Consumption Expenditures Index (PCE) rose 2.7% in August from one year ago. Excluding food and energy, the Core PCE rose 2.9% from one year ago. Those numbers were in line with analysts’ expectations. They expect the inflation rate to rise further this year and begin to decline next year as the full effect of tariffs sets in.

Stock Markets – The Dow Jones Industrial Average closed the week at 46,247.29, down 0.2% from 46,315.27 last week. Year-to-date, it is up 3.8% from 44,544.66 on December 31, 2024. The S&P 500 closed the week at 6,643.70, down 0.3% from 6,664.36 last week. Year-to-date, the S&P is up 10% from 6,040.53 on December 31, 2024. The Nasdaq closed the week at 22,484.07, down 0.7% from 22,631.46 last week. Year-to-date, it is up 14.6% from 19,627.44 on December 31, 2024.

U.S. Treasury bond yields and mortgage rates increased this week after the final GDP revision showed that the economy was hotter than previously reported and that inflation was continuing to tick higher. – The 10-year treasury bond closed the week yielding 4.20%, up from 4.14% last week. The 30-year treasury bond yield ended the week at 4.77, up from 4.75% last week. We watch bond yields because mortgage rates follow bond yields.

Mortgage rates – Every Thursday Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week. The Freddie Mac Primary Mortgage Survey reported that mortgage rates for the most popular loan products as of September 25, 2025, were as follows: The 30-year fixed mortgage rate was 6.3%, up from 6.26% last week. The 15-year fixed was 5.49%, up from 5.41% last week.

Freddie Mac was chartered by Congress in 1970 to keep money flowing to mortgage lenders in support of homeownership and rental housing. Their mandate is to provide liquidity, stability, and affordability to the U.S.

August home sales – This week, the California Association of Realtors and the National Association of Realtors released their August 2025 home sales report. You can run a report on your city or zip code with the same data at RodeoRe.com.

U.S. existing-home sales – August 2025 – The National Association of Realtorsreported that existing-home sales totaled 4.0 million units on a seasonally adjusted annualized rate in August, up 1.8% from the number of homes sold last August. The median price paid for a home sold in the U.S. in August was $422,600, down from $435,300 in July, and up 0.2% from $414,200 one year ago. There was a 4.6-month supply of homes for sale in August, up from a 4.2-month supply last August. First-time buyers accounted for 28% of all sales. Investors and second-home purchasesaccounted for 21% of all sales. All cash purchases accounted for 28% of all sales. Foreclosures and short sales accounted for 2% of all sales.

California existing-home sales – The California Association of Realtors reported that existing-home sales totaled 264,240 on an annualized basis in August, up 0.9% from 261,820 in July. Year-over-year sales were down 0.2% from a revised 264,640 annualized home sales last August. The statewide median price paid for a home in was $899,140 in August, up 1.2% from $888,740 in August 2024. The unsold inventory index showed that there was a 3.9-month supply of homes for sale in August, down from a 3.2-month supply of homes for sale one year ago.

Have a Great Weekend!

Matthew Paul

09/21/2025

Economic Update | Week Ending September 20, 2025

The Federal Reserve lowered rates for the first time this year – so why did long-term bond yields and mortgage rates increase slightly instead of dropping after the rate cut? On Wednesday, Fed Chairman Powell announced that the Fed had reduced its key interest rate by 0.25%. The Fed rate is the overnight rate that banks pay to borrow from the Fed – the shortest of short-term rates. When the Fed lowers its rate, banks typically follow with an equal reduction in their prime rate. That affects business lines of credit, home equity lines of credit, and other short-term loans. However, it does not necessarily bring down mortgage rates or long-term bond yields. In fact, both rose slightly after the rate cut, though they remain near their lowest levels of 2025. The best explanation is that long-term rates are tied to investors’ expectations of future inflation. Investors require a spread above projected long-term inflation to justify holding long bonds. Cutting rates can fuel inflation, so yields moved up.

The Fed has a dual mandate: to control inflation and maintain full employment. Typically, when the economy slows, companies hire less, consumers spend less, and inflation drops. In those periods, balancing the dual mandate is less challenging. As Powell emphasized, however, this is a unique moment: inflation is rising while the job market has stalled. The Fed chose to cut rates out of concern that the labor market is slowing too quickly, even though inflation has been creeping up. For example, the Consumer Price Index (CPI), which peaked at 9.1% in June 2022, had steadily declined to 2.3% by April 2025. But since then, it has risen every month, reaching 2.9% in August – its highest level in eight months. Powell cited tariffs as a key factor behind the recent rise.

Long-term bond yields and mortgage rates ended the week higher than last Friday. Mortgage investors were also disappointed by Powell’s remarks. With the real estate market slowing, many had hoped the Fed would announce a resumption of long-term Treasury and mortgage-backed securities purchases – a tool that directly lowers long-term rates. That was not included in Powell’s outlook for 2025. The Fed does have that ability. During the financial crisis and again during COVID, it purchased large amounts of Treasury bonds and mortgage securities, expanding its balance sheet to record levels. In June 2022, with the economy strong and inflation surging, the Fed reversed course, raising short-term rates and selling off bond holdings to cool the economy. Since then, it has reduced its balance sheet by $2.19 trillion. Many analysts expected that, alongside the rate cut, the Fed would resume bond purchases to support housing, but Powell gave no indication of that.

The California Association of Realtors and the National Association of Realtors will release their August home sales reports next week. Local data for your city or ZIP code is available now at RodeoRe.com.

Stock Markets – The Dow Jones Industrial Average closed at 46,315.27, up 1%from 45,844.32 last week. Year-to-date, it is up 4% from 44,544.66 on December 31, 2024. The S&P 500 closed at 6,664.36, up 1.2% from 6,584.29 last week. Year-to-date, it is up 10.3% from 6,040.53 on December 31, 2024. The Nasdaq closed at 22,631.46, up 2.2% from 22,147.10 last week. Year-to-date, it is up 15.3% from 19,627.44 on December 31, 2024.

U.S. Treasury Bond Yields – The 10-year treasury bond closed the week yielding 4.14%, up from 4.06% last week. The 30-year treasury bond yield ended the week at 4.75%, up from 4.68% last week. We track bond yields closely because mortgage rates tend to follow them.

Mortgage rates – Every Thursday, Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week. The Freddie Mac Primary Mortgage Survey reported that mortgage rates for the most popular loan products as of September 18, 2025, were as follows: The 30-year fixed mortgage rate was 6.26%, down from 6.35% last week. The 15-year fixed was 5.41%, down from 5.5% last week.

Have a Great Weekend!

Matthew Paul

09/13/2025

Economic Update | Week Ending September 13, 2025

Inflation indexes showed mixed results this week – On Thursday, the Consumer Price Index (CPI) for August was released. It showed that consumer prices rose 2.9% from one year ago, up from a 2.7% annual increase in July, but in line with analysts’ expectations. The CPI rate bottomed out at 2.3% in April but has risen steadily. This rise has been attributed to tariffs by both the Fed and economists. The core CPI rate, which excludes food and energy, rose 3.1% from one year ago, unchanged from July’s 12-month increase. Investors tend to look at Core CPI more than headline CPI because food and energy prices fluctuate in a more volatile manner, so remaining flat was viewed positively. The Producer Price Index (PPI) was released on Wednesday. Wholesale prices declined 0.1% for the month in August. This was a big relief to the markets after July’s 0.7% month-over-month increase. Year-over-year headline PPI was up 2.6% in August, down from an annual 3.3% increase in July. Core PPI showed wholesale prices were up 2.8% from one year ago, down from an annualized 3.7% in July. Wholesale inflation is usually a precursor to consumer inflation, as the increase in costs is later passed on to the consumer.

Stock Markets – Stock markets continued to rise – Expectations of lower interest rates fueled another rally in stock markets this week – The Nasdaq ended another week at record highs, and the Dow and S&P ended the week just below Thursday’s record highs. The Dow Jones Industrial Average closed the week at 45,844.32, up 1% from 45,400.86 last week. Year-to-date, it is up 2.9% from 44,544.66 on December 31, 2024. The S&P 500 closed the week at 6,584.29, up 1.6% from 6,481.50 last week. Year-to-date, the S&P is up 9% from 6,040.53 on December 31, 2024. The Nasdaq closed the week at 22,147.10, up 2.1% from 21,700.39 last week. Year-to-date, it is up 12.8% from 19,627.44 on December 31, 2024.

U.S. Treasury bond yields – The 10-year treasury bond closed the week yielding 4.06%, down from 4.10% last week. The 30-year treasury bond yield ended the week at 4.68%, down from 4.78% last week. We watch bond yields because mortgage rates follow bond yields.

Mortgage rates – Every Thursday, Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week. The Freddie Mac Primary Mortgage Survey reported that mortgage rates for the most popular loan products as of September 11, 2025, were as follows: The 30-year fixed mortgage rate was 6.35%, down from 6.5% last week. The 15-year fixed was 5.5%, down from 5.6% last week.

Freddie Mac was chartered by Congress in 1970 to keep money flowing to mortgage lenders in support of homeownership and rental housing. Their mandate is to provide liquidity, stability, and affordability to the U.S.

Have a Great Weekend!

Matthew Paul

09/06/2025

Economic Update Week Ending September 6, 2025

Stock markets closed the week off record highs, and interest rates dropped – Stock markets closed at record highs on Thursday but dropped on Friday after a disappointing jobs report showing that hiring has stalled over the past three months. Bond yields and mortgage rates fell after the jobs report was released. Experts pretty much unanimously agree that the Fed has no choice but to drop its key interest rates at their September meeting. Their mandate is to control inflation and to promote maximum employment. Since their last meeting, we have seen two dismal jobs reports and downward revisions to June’s hiring figures. Many economists believe that the Fed has waited too long and that a larger drop than 1/4% at its September 16 to September meeting could occur. Others feel that the Fed won’t do that as it will be an admission that they missed the signs of the job market turning and will likely do a 1/4% drop followed by another 1/4% at the October meeting. The August CPI and PPI reports will be released next week. The inflation rates will be something else the Fed looks at in determining interest rate decisions.

U.S. job growth stalled in July – The Bureau of Labor Statistics reported that 22,000 new jobs were added in August. That was far below the 75,000 new jobs that economists had forecasted. The unemployment rate increased to 4.3%, its highest level since 2021, up from 4.2% in July and 4.1% in June.

Stock Markets – The Dow Jones Industrial Average closed the week at 45,400.86, down 0.3% from 45,544.88 last week. Year-to-date, it is up 1.9% from 44,544.66 on December 31, 2024. The S&P 500 closed the week at 6,481.50, up 0.3% from 6,460.26 last week. Year-to-date, the S&P is up 7.3% from 6,040.53 on December 31, 2024. The Nasdaq closed the week at 21,700.39, up 1.2% from 21,453.26 last week. Year-to-date, it is up 10.6% from 19,627.44 on December 31, 2024.

U.S. Treasury bond yields – The 10-year treasury bond closed the week yielding 4.10%, down from 4.23% last week. The 30-year treasury bond yield ended the week at 4.78%, down from 4.92% last week. We watch bond yields because mortgage rates follow bond yields.

Mortgage rates – Every Thursday, Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week. The Freddie Mac Primary Mortgage Survey reported that mortgage rates for the most popular loan products as of September 4, 2025, were as follows: The 30-year fixed mortgage rate was 6.5%, down from 6.56% last week. The 15-year fixed was 5.6%, down from 5.69% last week. Rates ended the week almost 1/4% lower after the disappointing jobs report on Friday.

Freddie Mac was chartered by Congress in 1970 to keep money flowing to mortgage lenders in support of homeownership and rental housing. Their mandate is to provide liquidity, stability, and affordability to the U.S.

Have a Great Weekend!

Matthew Paul

08/30/2025

Economic Update | Month Ending August 31, 2025

Fed Chair Jerome Powell spoke at the Jackson Hole Economic Policy Symposium in Wyoming. He noted that a weakening labor market “may warrant” interest rate cuts, sparking a strong rally in stock markets, and a drop in interest rates.

Consumer Inflation held steady while wholesale inflation jumped – On Tuesday, the Consumer Price Index (CPI) for July showed that consumer prices rose 2.7% from one year ago, unchanged from June and below analysts’ expectations of a 2.8% increase. The core CPI rate, which excludes food and energy, rose 3.1% from one year ago, above the 3% forecast. While the CPI rate has gone up from 2.3% in April to 2.4% in May and 2.7% in June and July, that was not as much as economists expected due to tariffs. Unfortunately, the Producer Price Index (PPI) showed that wholesale prices increased 0.9% month-over-month in July, the highest monthly increase since June 2022. Year over year the increase was 3.3% for headline PPI and 3.7% for Core PPI. Wholesale inflation is usually a precursor to consumer inflation, as the increase in costs is later passed on to the consumer. The personal Consumption Expenditure Index (PCE), the Fed’s favorite gauge of inflation, showed that inflation grew at a 2.6% annual rate in July, unchanged from June. Core PCE grew at a 2.9% annual rate, up from 2.5% in June.

Stock Markets – The Dow Jones Industrial Average closed the week at 45,544.88, down 0.2% from 45,631.74 last week. Year-to-date, it is up 2.2% from 44,544.66 on December 31, 2024. The S&P 500 closed the week at 6,460.26, up 0.2% from 6,446.97 last week. Year-to-date, the S&P is up 6.95% from 6,040.53 on December 31, 2024. The Nasdaq closed the week at 21,455.55, down 0.2% from 21,496.54 last week. Year-to-date, it is up 9.31% from 19,627.44 on December 31, 2024.

U.S. Treasury bond yields – Bond yields dropped after Powell’s speech last Friday – The 10-year treasury bond closed the week yielding 4.23%, down from 4.26% last week. The 30-year treasury bond yield ended the week at 4.92%, up from 4.88% last week. We watch bond yields because mortgage rates follow bond yields.

Mortgage rates – Every Thursday Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week. The Freddie Mac Primary Mortgage Survey reported that mortgage rates for the most popular loan products as of August 28, 2025, were as follows: The 30-year fixed mortgage rate was 6.56%, nearly unchanged from 6.58% last week. The 15-year fixed was 5.69%, unchanged from 5.69% last week.

U.S. existing-home sales increased 2% in July after slowing in June – The National Association of Realtors reported that existing-home sales totaled 4.01 million units on a seasonally adjusted annualized rate in July, up from an annualized 3.93 million units in June. Year-over-year sales were up 0.8% from last July. The median price paid for a home sold in the U.S. in July was $422,400, down from $435,300 in June, and up 0.2% from $421,400 one year ago. There was a 4.6-month supply of homes for sale in June, up from a 4-month supply last July. First-time buyers accounted for 28% of all sales. Investors and second-home purchases accounted for 20% of all sales. All cash purchases accounted for 31% of all sales. Foreclosures and short sales accounted for 2% of all sales

California existing-home sales – The California Association of Realtors reported that existing-home sales totaled 261,810 on an annualized basis in July, down 1% from 264,000 in June. Year-over-year sales were down 4.1% from a revised 272,990 annualized home sales last July. The statewide median price paid for a home in was $884,050 in June, down 1.7% from $889,790 in June and down 0.3% from $886,420 in July 2024. There was a 3.7-month supply of homes for sale in July, up from a 2.9-month supply of homes for sale one year ago.

Have a great weekend!

Matthew Paul

Address

202 N Canon Dr`
Beverly Hills, CA
90210

Website

Alerts

Be the first to know and let us send you an email when Matthew Paul - Rodeo Realty - Los Angeles posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Matthew Paul - Rodeo Realty - Los Angeles:

Shortcuts

Share

Category