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Weekly Market Observations - August 1, 2023
![Contain 800x800](https://bpimg.twic.pics/no_overlay/uploads/uploaded_images/1690923764-weekly-market-observation-080123.png?twic=v1/output=image/quality=55/contain=800x800)
Here’s Our Weekly Market Observations :
The Fed hikes rates 0.25% to a 22 year high
US Q2 GDP grew at 2.4%
Pending home sales in June up 0.3% from May but down 15.6% YOY
CBRE survey shows many believe cap rates are peaking
Average 30-year fixed mortgage rates up slightly to 6.81%
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