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It’s time for Yahoo Finance’s market minute.
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US mortgage rates are hovering near three-year lows as the Federal Reserve kept rates on hold this week.
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The rate on a 30-year loan held just above 6%.
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After a dip earlier in January, rates have stabilized at levels near where they spent much of the fall.
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Investors are largely expecting the Fed to keep rates on hold in the near term.
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Meanwhile, the president says he plans to announce a new Fed chair next week.
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Speaking at a cabinet meeting, Trump told reporters he’ll name the new candidate to succeed Jerome Powell and thinks that the person will, quote, do a good job.
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The president is reportedly considering four candidates on his short list.
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And shares of insurance platform Ethos dropped as much as 15% in the trading debut.
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The shares had priced at the midpoint of the marketed range of $18 to $20.
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It’s the latest insurance-related firm making a public debut.
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The company and some of its shareholders raised roughly $200 million through the IPO.
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And that’s your Yahoo Finance Market Minute.
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For more on what’s trending on Yahoo Finance, scan the QR code below to track the best and worst performing stocks of the trading session.