Blog


 

  • 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.

Housing News

  • ICE reports home prices grew 0.5% in January, a slight slowdown from 2025’s annual increase of 0.6%.
  • Despite headlines of rates hitting a 4-year low, total mortgage application volume was basically flat, rising just 0.4% for the week.
  • President Trump highlighted taxes, inflation, and trade in his State of the Union address, making only a passing reference to housing.

Market Minute Report - Mortgage News