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By Staff Reporters
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- US mortgage applications are in “meltdown” and the threat to house prices is growing. The Mortgage Bankers Association’s index of applications tumbled again last week and has fallen dramatically since January. Pantheon Macroeconomics said the chances of a “short period of clear declines” in home prices is growing.
- Jobless claims for the week hit 229,000, the highest since January. The number of jobless claims increased by 27,000 from the last period, and it greatly surpassed the Dow Jones estimate of 210,000, according to this report.
- Markets: Investors are nervous before this morning’s crucial inflation report—which will show if inflation has peaked or not. Big Tech stocks such as Meta, Amazon, and Apple dragged the market lower. The 10-year T-bond was 3.046?
- Finally, average US gas prices topped $5 per gallon according to GasBuddy. Many experts predict we’re headed toward $6 and beyond.
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Filed under: Alerts Sign-Up, Breaking News, Health Economics, Investing | Tagged: 10 year treasury note, Amazon, Apple, Dow Jones, gas prices, gasbuddy, jobless claims, Meta, mortgages, MSFT, stock markets |
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