MarketMinute | Mortgage applications rise despite higher rates


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Import prices rose more than expected in June. Price growth in nonfuel segments signals inflation is affecting more than just energy prices.
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The share of job seekers out of work for six months or longer reached 27.3% in June, hovering near its highest level since late 2021.
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Next week's Fed meeting is one of the most uncertain in years, with markets split on whether policymakers will hold rates or raise them.
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The Wall Street Journal reports baby boomers are increasingly upsizing their homes in retirement, reversing traditional expectations.
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As the housing market faces affordability challenges, several states have scheduled property tax referendums for the midterm elections, per CNBC.
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Purchase applications rose 6% for the week, and refinance apps were up 7% year over year, despite higher interest rates.




