Consumer prices rose 0.6% in September, their biggest monthly increase in 5 months, making the Fed's inflation fight more difficult.

Wholesale prices jumped 1.3% in September, their biggest monthly increase since March 2022, raising concerns about future price hikes.

Retail sales rose 0.8% in September, beating expectations. Much of that increase came from consumers spending more on gas.

NAR reports a 2.5% month-over-month increase in existing home sales for September. The median sales price was $417,500, up 1.3% from last year.

First-time buyers made 43% of purchase rate locks in mid-September, per ICE. Millennials led the group at 45% of locks, followed by Gen Z at 33%.

Purchase mortgage applications fell 4% last week and were 16% lower than a year ago, as mortgage rates continued to discourage buyers.