The 30-year fixed-rate mortgage averaged 6.38%, up from 6.22% the previous week, Freddie Mac reported.
Wood Markets News
Canadian Rail Freight Declines in January
Canadian rail freight totaled 30.9 million tons in January, down 4.2% year-over-year, with declines across all traffic types.
US Weekly Initial Jobless Claims Increase in the Week Ending March 21
The advance figure for seasonally adjusted initial unemployment claims was 210,000, an increase of 5,000 from the previous week.
Number of Canadians Receiving Employment Insurance Declines in January
The number of Canadians receiving Employment Insurance fell 1.9% to 555,000 in January, while the unemployment rate stood at 6.5%.
Canadian Payroll Employment Rises in January
Canadian payroll employment rose 0.2% in January, while job vacancies held near 492,400 and the unemployment-to-vacancy ratio edged down to 3.0.
Domtar to Idle Coosa Pines, AL, Fluff Pulp Mill in May
Domtar will indefinitely idle its Coosa Pines fluff pulp mill in May, citing market conditions and aging assets, AL.com reported.
US Housing Stock Ages as Nearly Half of Homes Pre-Date 1980
Nearly half of US owner-occupied homes were built before 1980, with the median age rising to 42 years in 2024, NAHB analysis of survey data shows.
Higher Fuel Costs Pressure New Zealand Forestry Sector
Rising diesel and shipping costs are pressuring New Zealand’s forestry sector, with some operators warning of potential shutdowns in higher-cost regions.
US Existing-Home Purchase Cancellations Hit Record February Share
US home-purchase cancellations reached 13.7% in February, the highest share for the month on record, with more than 42,000 deals falling through, Redfin reported.
US Mortgage Applications Drop in the Week Ending March 20
Mortgage loan application volume decreased 10.5% on a seasonally adjusted basis from one week earlier, MBA reported.