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Dive into a collection of past Market Updates
🍵 Market Update 04/06 │ Jobs Beat Locks the Fed, Rates Hold, Buyer Demand Slips

Apr 6, 2026

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10 min read

🍵 Market Update 04/06 │ Jobs Beat Locks the Fed, Rates Hold, Buyer Demand Slips

March payrolls came in nearly three times the estimate, locking the Fed in a holding pattern for April, and purchase mortgage applications just had their second straight weekly decline during what's supposed to be peak spring buying season.

Jim Ross
Jim Ross
🍵 Market Update 03/30 │ Oil Hits 4-Week High, Rates Close at 6.64%, and Mortgage Demand Weakens

Mar 30, 2026

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12 min read

🍵 Market Update 03/30 │ Oil Hits 4-Week High, Rates Close at 6.64%, and Mortgage Demand Weakens

Mortgage rates swung 16 basis points in a single week as diplomatic headlines moved markets then reversed, oil closed back above $110, and the Purchase Index showed its first meaningful demand crack entering spring.

Jim Ross
Jim Ross
🍵 Market Update 03/23 │ Mortgage Rates Hit 3-Month High & Fed Rate Hikes on the Table

Mar 23, 2026

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11 min read

🍵 Market Update 03/23 │ Mortgage Rates Hit 3-Month High & Fed Rate Hikes on the Table

Mortgage rates hit a 3-month high of 6.53% last week as the Fed raised its inflation outlook, the bond market broke above its 2026 trading range, and the CME FedWatch tool now shows a 6.2% probability of a rate HIKE at the April 29th meeting.

Jim Ross
Jim Ross
🍵 Market Update 03/16 │ Mortgage Rates Surge, Trump Signs Housing Executive Orders

Mar 16, 2026

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11 min read

🍵 Market Update 03/16 │ Mortgage Rates Surge, Trump Signs Housing Executive Orders

Rates moved sharply higher last week as bond yields climbed, even as mortgage purchase demand increased and new housing policy actions were announced.

Jim Ross
Jim Ross
🍵 Market Update 03/09 │ Nobody’s Market?, Rates Spike, Big Jobs Miss

Mar 9, 2026

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12 min read

🍵 Market Update 03/09 │ Nobody’s Market?, Rates Spike, Big Jobs Miss

Mortgage demand improved last week, but higher bond yields, geopolitical tension, and a surprise decline in U.S. jobs kept mortgage rates elevated. Meanwhile, the Central Ohio market showed stronger buyer activity alongside flat inventory levels.

Jim Ross
Jim Ross
🍵 Market Update 03/02 │ Mortgage Rates at 5.99%, Purchase Apps Slip

Mar 2, 2026

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7 min read

🍵 Market Update 03/02 │ Mortgage Rates at 5.99%, Purchase Apps Slip

Mortgage rates held at 5.99% last week while national purchase apps slipped 4.7%. Central Ohio Pendings jumped 24.29% WoW, a promising sign for Columbus!

Jim Ross
Jim Ross
🍵 Market Update 02/23 │ GDP Growth Falls to 1.4%, IEEPA Tariffs Ruled Illegal

Feb 23, 2026

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9 min read

🍵 Market Update 02/23 │ GDP Growth Falls to 1.4%, IEEPA Tariffs Ruled Illegal

Last week, Q4 GDP slowed sharply to 1.4%, and the Supreme Court struck down key tariffs under IEEPA, adding fresh uncertainty to trade policy and rate expectations.

Jim Ross
Jim Ross
🍵 Market Update 02/16 │ CPI Cools, Rates Fall, Local Inventory Tightens

Feb 16, 2026

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8 min read

🍵 Market Update 02/16 │ CPI Cools, Rates Fall, Local Inventory Tightens

Last week, inflation cooled to 2.4%, mortgage rates fell to 6.04%, and Central Ohio inventory has now declined six straight weeks, tightening local supply heading into spring.

Jim Ross
Jim Ross
🍵 Market Update 02/09 │ Jobs Growth Slows, Purchase Apps Drop 14%

Feb 9, 2026

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8 min read

🍵 Market Update 02/09 │ Jobs Growth Slows, Purchase Apps Drop 14%

Softer labor data and storm-related disruptions pushed mortgage purchase applications ⬇️ 14.4% WoW, even as rates edged lower.

Jim Ross
Jim Ross
🍵 Market Update 02/02 │ Fed Holds Rates as Warsh Nomination Shifts Outlook

Feb 2, 2026

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7 min read

🍵 Market Update 02/02 │ Fed Holds Rates as Warsh Nomination Shifts Outlook

The Fed held rates steady, markets pushed near-term cuts further out, and Trump’s nomination of Kevin Warsh added a new variable to the long-term rate outlook.

Jim Ross
Jim Ross
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