Tag Archives: economy

Latest inflation numbers don’t rule out June rate cut, economists say

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The Federal Reserve’s preferred inflation gauge moved in the wrong direction last month for the first time since September, but core inflation fell for the 13th consecutive month, to 2.8 percent. Continue reading →

Fed preparing to slow the pace of ‘quantitative tightening’

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In addition to anticipating three rate cuts this year, Federal Reserve policymakers are considering whether to taper the pace at which they unwind the central bank’s $7 trillion balance sheet. Continue reading →

Fannie Mae no longer expects mortgage rates to drop below 6%

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The recent surge in mortgage rates could take some air out of a projected rebound in 2024 home sales, with deals driven mostly by households who can no longer put off their moves due to life events. Continue reading →

Best time to list a home? With high mortgage rates, it’s tough to tell

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The peak of the spring homebuying season may have shifted to later in the year, at least in some markets, according to new analysis by Zillow. Continue reading →

Scarce inventory, falling rates could boost home prices

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In December, a Pulsenomics panel of more than 100 housing experts expected homes to appreciate by 2.4 percent in 2024. Now they’re predicting prices will go up by 3.8 percent. Continue reading →

Mortgage rates ease for 2nd consecutive day on inflation data

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The Federal Reserve’s moves to trim $35 billion in mortgages from its balance sheet each month could keep mortgage rates from falling dramatically this year. Continue reading →

Latest inflation numbers give mortgage rates some room to fall

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A key Fed inflation metric, the PCE price index, continues to drop toward the Fed’s 2 percent inflation target, falling from 2.6 percent annual growth in December to 2.4 percent in January. Continue reading →