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  • Wholesale prices accelerated at a faster-than-expected pace in February, a reminder that inflation remains a troublesome issue for the economy. 
  • Consumer inflation also rose in February, keeping the Fed on course to wait at least until the summer before cutting policy rates.
  • Retail sales rebounded in February, but consumer spending slowed as households grappled with inflation and higher borrowing costs.

Housing News

  • In an FHFA pilot program announced last week, some homeowners will be able to refinance without paying for title insurance. 
  • Showing how sensitive buyers are to rates, purchase mortgage apps rose 5% last week but were still 11% lower than a year ago.
  • More than a third of homeowners plan to stay in their homes forever, per a recent survey. Younger respondents were more likely to foresee a move.

Market Minute Report - Mortgage News