Blog


  • This week's Fed speakers reaffirmed the Board's commitment to a wait-and-see approach to rate changes due to economic uncertainty.
  • New jobless claims were slightly better than expected, while continuing claims rose by 36K. New jobs may be hard to find despite a stable market.
  • In an Achieve survey, 32% of households reported financial gains and 33% declines last year, though 57% had expected growth and 10% worsening.  

Housing News

  • April’s single-family housing starts were 1.6% higher than in March. However, permits for future construction fell 5.1% month over month.
  • Existing home sales dropped 0.5% for the month in April and 2.0% for the year, due to economic uncertainty and high housing costs.
  • Gen Z made about one in four first-time homebuyer mortgage originations in the 1st quarter of 2025, according to the ICE Mortgage Monitor. 

Market Minute Report - Mortgage News