Inflation is expected to peak close to 9% in the coming months, as the Russian/Ukraine war drives up the cost of raw materials and energy.

President Joe Biden signed an executive order on Wednesday, calling on government to examine the risks and benefits of cryptocurrencies.

Jobs data last week showed a surprisingly strong 678K new jobs were created in February, as unemployment fell to 3.8%.

The mortgage industry originated a record $4.4 trillion last year, led by record purchase lending volume and surging cash-out refinances.

At 3.3%, the national delinquency rate for first lien mortgages is almost even with pre-pandemic levels and near the record low set in Jan 2020.

Applications for a mortgage to purchase a home increased 9% from the previous week but were 7% lower than the same week one year ago.