Federal Reserve policymakers anticipate three rate cuts by the end of next year, but many think the central bank may cut faster and harder. Source:…
Posts published in “economy”
Fannie Mae economist warns that, while mortgage rates have retreated, the primary drivers of housing pessimism are persistent affordability challenges and worries about household finances. …
Mortgage rates keep falling after Powell tries to deflate expectations for the spring rate, as three new reports released this week suggest the economy is,…
Two closely watched forecasts agree that mortgage rates have probably peaked, but diverge sharply on how quickly they’ll come down over the next two years. …
Tuesday’s big drop in rates followed an encouraging inflation report, with bond market investors now convinced the Fed is done hiking rates and may reverse…
Speaking at an IMF research conference, Powell said the Fed is committed to raising rates as high as needed to bring inflation down, and “we…
Purchase mortgage applications trended up last week for the first time in nearly a month as mortgage rates retreated from 2023 highs, according to the…
With headwinds in sight for 2024, loanDepot plans to slash $120 million in annual expenses following three consecutive quarters of cuts, CEO Frank Martell said…
Monthly Fannie Mae survey shows homebuyer pessimism at a high for records dating back to 2010, but a broader index aimed at capturing overall housing…
After breaching 8 percent in mid-October, 30-year fixed mortgage rates have plummeted to levels not seen since September as more investors expect Fed policymakers to…