In predicting that mortgage rates will drop below 6 percent next year, economists at Fannie Mae are more optimistic about growth and less worried about…
Posts published in “economy”
Improve your understanding of how broad economic factors impact the housing market with this Fed explainer from Jonathan Pressman. Source: Inman News
Recent Trump appointee Stephen Miran was the lone dissenter in Wednesday’s 11-1 vote, holding out for a bigger, 1/2 percentage point rate cut advocated by…
Homebuyer loan applications flooded in last week at the second-highest level of the year. Demand for adjustable-rate mortgage loans is at the highest level since…
The silver lining in deteriorating consumer confidence is that the weaker job market means the Federal Reserve is expected to slash rates several times this…
Initial jobless claims climbed last week to the highest level since Oct. 23, 2021, but investors and economists are expecting three small rate cuts this…
Purchase loan demand eased last week, but rates are expected to keep falling on a new report showing there are more people unemployed than there…
Driving the revised forecast are expectations for slightly cooler economic growth and hotter inflation, which could mean mortgage rates come down a little more slowly. …
Homeowners rushed to refinance last week, and lender data shows homebuyer demand for purchase loans is up 17 percent from a year ago with Federal…
Prices are holding up in the Northeast and Midwest, but are down from a year ago in more than 70 percent of Western markets and…