Blog


  • The Commerce Department reported a stall in retail sales growth for December, after a 0.6% increase in November.
  • The BLS January jobs report showed a resilient labor market, with stronger-than-expected job creation and an unemployment rate of 4.3%. 
  • However, revisions to past data showed 1.5 million jobs created in 2024, rather than the 2 million reported, and only 181,000 added in 2025.

Housing News

  • Purchase mortgage applications were 4% higher year over year, though down 2% for the week.
  • HousingWire reports senior housing demand is rising faster than new supply. Construction is at its lowest level in more than a decade.
  • NAR attributes an 8.4% month-over-month drop in January’s existing home sales to winter weather and reduced inventory.

Market Minute Report - Mortgage News