On today’s Hot Sheet, Byron Lazine broke down the January FOMC minutes showing rates held at 3.5% to 3.75% as inflation hovers near 3% and unemployment sits at 4.3%, with markets eyeing possible cuts later this year.
He also covered Redfin data showing the typical down payment fell 1.5% year over year to $64,000, the first decline in five months.
To wrap up, Byron reviewed the latest U.S. Department of Labor report, with initial claims dropping to 206,000 and insured unemployment holding steady at 1.2%.
