Quiet on a shortened week
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US mortgage rates jump 8 bps to 6.24%, halting refi surge. Home purchase apps dip 0.4%. Affordability still a concern.
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2026 Social Security benefits rise 2.8% ($56/mo avg), but 75% say it's not enough for inflation.
Bitzero secures 1GW low-cost power, beating AI data center demand. Bitcoin breakeven ~$50k, energy costs 3-4c/kWh vs 12c avg.
Rick Rieder's odds for Fed chair surge to 50%! He favors 3% rates, but QE & reserve cuts risk inflation.
US MBA Mortgage Rate 6.24% vs 6.16% prior
US MBA Mortgage Applications for the week ending 23 January -8.5% vs 14.1% prior
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