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MarketMinute | Check out the reports of rising home sales and prices!

Mar 31
4:24
AM
Category | Markets in a Minute

Market Minute - Economy and Housing News - Erin Carvelli

  • Last week's jobless claims came in at 198K, higher than expected and up 7K from the previous week.
  • The economy grew 2.6% during the 4th quarter. This rate was slower than both the 2.9% estimate and last month’s 2.7% growth.
  • The "banking crisis" that drove rates down a couple of weeks ago seems to have stabilized, with no new bank failures reported recently.

  • January’s FHFA House Price Index showed prices for homes purchased with a mortgage grew 0.2% for the month and 5.3% for the year.
  • After a sharp gain in January, pending home sales rose for the 2nd straight month in February, despite higher mortgage rates and tight inventory.
  • The recent drop in mortgage rates boosted mortgage applications this week. Purchase apps rose 2%, and refi apps were up 5%. 

Market Minute Report - Mortgage News