MarketMinute | How did rates impact mortgage apps?
The labor market continues to show resilience. Jobless claims came in lower than expected last week, indicating layoffs remain relatively low. Consumer confidence was better than expected in February, though the share of consumers viewing jobs as "hard to get" reached a 5-year high. The prospect of being replaced by AI is leading higher income workers to stay in their jobs longer, reports CNBC. ICE reports home prices grew 0.5% in January, a slight slowdown from 2025’s...
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