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  • After rising in January, wholesale prices remained unchanged in February. Markets are concerned tariffs may lead to future increases.
  • The CPI showed slowing inflation in February. The drop-off is not expected to trigger policy rate cuts at next week's Fed meeting.
  • Job openings rose to 7.74 million in January, signaling employer optimism amid ongoing labor market concerns. 

Housing News

  • Lennar and Icon, a 3D technology company, partnered to 3D print 100 homes in Georgetown, Texas. About 75% of them have already sold.
  • Though rates were no longer falling, total mortgage apps jumped 11% last week. Purchase apps rose 7% for the week and 4% year over year.
  • Pending home sales ticked up for the week but were slightly lower than a year ago. Unsold inventory is up 28% nationwide from last year.

Market Minute Report - Mortgage News