
MarketMinute | See real estate's legislative wins
In a recent Fed survey, consumers expected inflation to be at 3% a year from now, down from previous surveys and back to pre-tariff levels. Last week's stronger-than-expected jobs data surprised markets and took chances of a July Fed policy rate cut off the table. Continuing unemployment claims, an indicator of the total unemployed population, came in at the highest level since November 2021. Purchase mortgage applications rose 9% for the week and were a staggering 25% higher than the same week a...
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