Blog


  • New unemployment applications hovered near pre-pandemic averages last week, but continuing claims surged to a 3-year high of 1.9 million.
  • The number of consumers making only the minimum credit card payment jumped to a 12-year high in 2024. Delinquencies also rose to new highs.
  • Global think tank The Conference Board projects the U.S. economy will expand at an upwardly revised 2.3% pace in 2025. 

Housing News

  • A Treasury Department study found home insurance costs rose 8.7% faster than inflation from 2018-22, driven by climate-related natural disasters.
  • Purchase mortgage applications rose 1% last week and were 7% higher year over year, despite mortgage rates above 7% for most buyers.
  • Federal agencies must report monthly on progress toward lowering the cost of housing and expanding supply, per a new executive order.

Market Minute Report - Mortgage News