Blog


  • Minutes from last month's Fed meeting showed officials largely agreed a recent slowdown in the labor market outweighed inflation concerns.
  • The government shutdown continues this week, delaying key economic reports and making private-sector data even more important to markets.
  • Gold hit a new high and surged past $4,000/oz as investors fled risk, seeking safety amid market volatility and Fed policy rate cut speculation.

Housing News

  • Purchase mortgage applications fell 1% for the week but were still 14% higher than the same week a year ago.
  • Adjustable-rate mortgages have increased slightly in popularity. ARMs made up 9.5% of applications last week, up from 8.4% the previous week.
  • AI-enhanced listing photos allow agents to "virtually stage" homes at a fraction of the normal cost but are raising transparency concerns.

Market Minute Report - Mortgage News