Blog


  • Inflation came lower than expected for November, but the data came with concerns about gaps in collection during the long government shutdown.
  • More jobs were created in November than forecast, but slumped in October as unemployment hit 4.6%, the highest in four years.
  • Retail sales were little changed in October, with 8 of 13 categories increasing, despite a falloff in consumer sentiment and increased layoffs.

 

Housing News

  • Builder confidence crept higher in December but still ended the year in negative territory as builders grapple with rising construction costs.
  • The “Housing for the 21st Century Act” cleared the Financial Services Committee Wednesday, paving the way for a potential House vote in 2026.
  • Although purchase mortgage applications fell 3% for the prior week, they were 12% higher than the same week last year.

Market Minute Report - Mortgage News