Blog


  • Minutes from the Fed's last meeting suggest the policy rate could remain higher "for some time" until inflation moves lower. 
  • Demand for workers fell to its lowest level in more than 2½ years in November, while hiring and layoffs both slowed.
  • Manufacturing contracted in December. The pace of decline slowed amid a modest rebound in production and improvement in factory employment.

Housing News

  • As mortgage rates fell to end the year, refi apps were 15% higher than the same week a year ago. Purchase apps were down 12% year over year. 
  • Homeowners insurance premiums are up about 35% from 2 years ago, Policygenius says. Insurers continue to leave disaster-prone states.
  • Realtrends reports more than half of agents are optimistic about the 1st quarter housing market. Most expect sales to increase more than 5%.

Market Minute Report - Mortgage News