affect interest rates. The shift in consumer sentiment reflects this new reality, with more people bracing for higher mortgage rates. This could potentially dampen the housing market, as higher rates make homes less affordable for buyers. However, some experts believe that the housing market remains strong overall, with low inventory and high demand continuing to support prices. As the economy continues to recover from the pandemic, it will be important to monitor how rising interest rates impact the housing market and overall consumer sentiment.
Overall, the stock market faced a turbulent week, with concerns over tariffs, inflation, and disappointing earnings reports weighing on investor sentiment. The ongoing US-China trade war also added to market volatility, with oil prices falling as a result. As we head into the next week, it will be important to keep an eye on economic indicators, corporate earnings reports, and any developments in the trade war that could impact market performance.