
MarketMinute | Mortgage rates fuel optimism
The economy grew at a 3% annualized pace in the second quarter, a faster pace than Wall Street had expected and a sign of economic resilience. Orders for durable goods were flat in August, much better than economists’ expectation of a 3% drop. Contrary to other reports showing labor market weakness, last week's jobless claims fell to 218K, hitting a 4-month low despite slower hiring. New home sales fell less than expected in August. More homebuilders are optimistic for the near-term outlook...
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