Tag Archives: Jerome Powell

Homebuyers rush to lock as mortgage rates hit new 2024 highs

By | | Uncategorized
Comments Off on Homebuyers rush to lock as mortgage rates hit new 2024 highs

Rates for conforming loans pushed through 7 percent last week and continue to rise, as latest inflation data dims prospects that Fed will ease in June. Continue reading →

Fed preparing to slow the pace of ‘quantitative tightening’

By | | Uncategorized
Comments Off on Fed preparing to slow the pace of ‘quantitative tightening’

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 →

Many hoped a March rate cut would boost housing. Now, it’s not so clear

By | | Uncategorized
Comments Off on Many hoped a March rate cut would boost housing. Now, it’s not so clear

Most real estate professionals believe rate cuts by the Fed will be crucial for a sales recovery, according to results from the Inman Intel Index survey. But the timing on those cuts is hazy. Continue reading →

Homebuyer purchase loan demand falls again as mortgage rates firm

By | | Uncategorized
Comments Off on Homebuyer purchase loan demand falls again as mortgage rates firm

After picking up during the first three weeks of January, applications for purchase loans are contracting, with mortgage rates no longer in free fall from 2023 highs. Continue reading →

Fed policymakers want more data, dash hopes of March rate cut

By | | Uncategorized
Comments Off on Fed policymakers want more data, dash hopes of March rate cut

Fed Chair Jerome Powell says a rate cut at the central bank’s next meeting is not “the base case,” with policymakers wanting to see more data showing inflation is on a sustainable path down to 2 percent. Continue reading →

Fed Chair Powell’s attempt to deflate rate-cut expectations flops

By | | Uncategorized
Comments Off on Fed Chair Powell’s attempt to deflate rate-cut expectations flops

Investors who fund most mortgages remain convinced the Fed will begin lowering rates in the spring to avoid strangling the economy. Continue reading →

Mortgage rates post biggest 1-day drop since onset of the pandemic

By | | Uncategorized
Comments Off on Mortgage rates post biggest 1-day drop since onset of the pandemic

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 course in the spring. Continue reading →

Mortgage rates inch back up after Powell warns Fed could hike again

By | | Uncategorized
Comments Off on Mortgage rates inch back up after Powell warns Fed could hike again

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 are not confident that we have achieved such a stance.” Continue reading →

Mortgage demand slips again as rates continue relentless rise

By | | Uncategorized
Comments Off on Mortgage demand slips again as rates continue relentless rise

Loan applications slipped to lowest level since 1995 as mortgage rates climb for the seventh week in a row, according to a weekly survey of lenders by the Mortgage Bankers Association. Continue reading →