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  • The Fed's preferred inflation gauge, the PCE Index, rose 2.8% in February, above the Board's 2% target. Core inflation rose 3%.
  • Core capital goods orders rose more than expected in February, signaling steady business investment ahead of recent geopolitical tensions. 
  • Minutes from the last Fed meeting showed growing openness to a rate hike in March, as officials worried an energy shock could push inflation higher.

Housing News

  • Housing inventory climbed 8% year over year in March, per ICE's Mortgage Monitor. Active listings were 11% below pre-pandemic levels.
  • Purchase mortgage applications rose 1% for the week but fell 7% from a year ago, marking the first annual decline since January 2025.
  • ICE’s 2026 Borrower Insights Survey found younger owners are more likely to sell within 2 years, ranging from 40% of Gen Zers to 13% of boomers.

Market Minute Report - Mortgage News