Mortgages surged to 4.6 percent Monday, the highest since March 2019, after Fed Chair Jerome Powell said the war in Ukraine and supply disruptions could…
Posts published in “Jerome Powell”
Rates remain low by historical standards and could retreat from recent highs. Lenders eager to make up for a precipitous drop in refinancings, meanwhile, are…
Although the Fed hasn’t set a timetable for shrinking its balance sheet, it’s likely to do so more quickly than it did after the 2007-09…
The rise of Power Buying, regulatory battles, Fed tapering and big acquisitions rattled lending decisions and homebuyer game plans during a momentous year for the…
The Federal Reserve will double the pace of its tapering of support for mortgage markets, as falling unemployment and worries about inflation outweigh uncertainty around…
Speaking before the Senate Banking Committee Federal Reserve Chair Jerome Powell said the recent rise in COVID-19 cases and the emergence of the Omicron variant…
Fed policymakers are prepared to adjust the pace of asset purchases if inflation continues to run hot, minutes of their Nov. 3 meeting show. Source:…
Purchase loans were up 5 percent last week and applications by homeowners to refinance existing mortgages were up 0.4 percent week over week, according to…
The Federal Reserve this month will begin drawing down the support it’s provided to mortgage rates during the pandemic. Source: Inman News
Ten-year Treasury yields, a barometer for mortgage rates, fall as Federal Reserve Chairman Jerome Powell says there’s no rush to raise interest rates. Source: Inman…