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MarketMinute | What's Almost Returned To Pre-Pandemic Levels?

Mar 11
12:42
PM
Category | Markets in a Minute

  • Inflation is expected to peak close to 9% in the coming months, as the Russian/Ukraine war drives up the cost of raw materials and energy.
  • President Joe Biden signed an executive order on Wednesday, calling on government to examine the risks and benefits of cryptocurrencies.
  • Jobs data last week showed a surprisingly strong 678K new jobs were created in February, as unemployment fell to 3.8%.

  • The mortgage industry originated a record $4.4 trillion last year, led by record purchase lending volume and surging cash-out refinances.
  • At 3.3%, the national delinquency rate for first lien mortgages is almost even with pre-pandemic levels and near the record low set in Jan 2020.
  • Applications for a mortgage to purchase a home increased 9% from the previous week but were 7% lower than the same week one year ago.

 

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