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➡ Mortgage applications increase as rates resume decline. Total mortgage applications as of January 6 increased 1.2%.
➡ Refinance applications, while still 86% behind the same week from last year, increased 5%.
➡ Inflation eases for third consecutive month: There's been a retreat in prices at the pump, grocery stores and prices for used cars, BUT, services and particularly housing costs remain high.
➡ As inflation eases further from its record high in 2022, consumers are finding some relief and feeling optimistic.
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