Economists now less certain 2024 will bring much mortgage rate relief

Fed’s “higher for longer” rate strategy could keep home sales from rebounding in 2024 or limit the strength of a recovery, according to two closely followed forecasts. Continue reading

Interest rates surge again on surprisingly strong jobs report

Employers added 336,000 jobs in September, the biggest jump since January, raising the odds that the Fed will pursue “higher for longer” rate strategy. Continue reading

Good news about economy could send mortgage rates back up

Surprising GDP and jobs numbers have investors buying stocks and selling bonds over worries that Fed policymakers will continue hiking rates to combat inflation. Continue reading

Latest jobs numbers take pressure off wages — and mortgage rates

The real estate industry got two kernels of good news in the latest jobs numbers from the U.S. Bureau of Labor Statistics. Continue reading

Real estate jobs hold strong even as sales slip, summer ends

Real estate hiring bucked seasonal expectations for September, reflecting steady payrolls despite a weakening sales environment, according to new data from the U.S. Bureau of Labor Statistics. Continue reading