MarketMinute | Home Buyers Are Coming Off the Sidelines — Here’s Why
Oil prices jumped this week as the Middle East conflict raised concerns about shipping and supply restraints in the global oil market. Rising oil prices renewed inflation fears and reduced expectations of Fed rate cuts, pushing rates higher. Current labor data, including unemployment claims and the ADP private payroll report, gave conflicting views of labor market strength. Rates briefly hit 4-year lows last week, moving purchasers off the fence. Purchase apps rose 6.1% for the week and 10% year...
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