Jobless Claims Down in Florida

First-time claims, at 5,375, dropped for the 2nd week in a row. Fla.’s jobless rate has slowly increased to 4.6%, reflecting mid-February conditions.

Spring Housing Market Shows Resilience

Realtor.com April report: U.S. home prices fall for 6th straight month, but fewer price cuts indicate that sellers are entering the market with realistic expectations.

U.S. Economy Grew 2% in Q1 But Outlook Cloudy

The government’s spending and investment grew at a 9.3% annual rate in Q1 while consumer spending growth slowed to 1.6%. Q1 covered about a month of the Iran war.

Mortgage Rates End Week on a Calm Note

Low volatility was the most obvious theme for mortgage rates last week. From April 14th through last Friday, the range for a top-tier 30yr fixed rate remained in an ultra-narrow range of 6.29-6.33%. That trend persisted on Monday of this week, but things changed abruptly after that. Tuesday and Wedn