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  • Minutes from last month's Fed meeting showed officials wanted to maintain policy rates amid stubborn inflation and economic uncertainty.
  • Mortgage rates have held steady to begin the year as inflation fears and concerns over a surge in debt issuance have failed to materialize.
  • New jobless claims increased moderately last week, suggesting the labor market remains on solid ground. 

Housing News

  • The NAHB reports a sharp decline in builder sentiment in February, due to concerns over tariffs, elevated mortgage rates, and high housing costs.
  • Winter storms slowed single-family homebuilding in January. A limited rebound is expected amid tariffs and elevated mortgage rates.
  • Mortgage demand dipped last week. Applications fell 6.6% for the week, as affordability continued to sideline potential buyers.

Market Minute Report - Mortgage News