A vote to reappoint 11 of the Fed’s 12 regional bank presidents puts an end to speculation that Trump administration might try to unseat inflation hawks opposed to interest rate cuts. Continue reading
Trump loyalist Kevin Hassett is seen as the most likely pick to lead the Federal Reserve Board next year. Critics say doubts about the central bank’s independence could put upward pressure on rates. Continue reading
If bond market investors get cold feet about buying government debt and mortgage-backed securities, that could push long-term interest rates higher, even if the Fed cuts short-term rates. Continue reading
Homeowners scrambled to refinance last week as mortgage rates dropped to the lowest level in four months, with homebuyer demand also up by double digits from a year ago, according to a weekly survey of lenders by the Mortgage Bankers Association. Mortg… Continue reading
With job market stable and economy chugging along, futures market investors now think the odds of a September rate cut are less than even. Continue reading
Central bank dials back Treasury rolloffs but is not ready to cut short-term interest rates, as Fed policymakers indicate they’re more worried about inflation than they were in December. Continue reading
The latest Consumer Price Index reading is in line with expectations, but progress in fighting inflation has stalled. Forecasts for a slower pace of easing next year might keep mortgage rates above 6 percent. Continue reading
Bond market investors who fund most mortgages shrugged off hawkish remarks by Federal Reserve Governor Christopher Waller that he wants to see “several more months of good inflation data” before cutting rates. Continue reading
Trend could bode well for the spring homebuying season, the Mortgage Bankers Association said Wednesday, but Fed may take its time before cutting rates. Continue reading
A weekly mortgage rate survey from Freddie Mac shows rates continuing to slide, but the snapshot of average rates over a seven-day period doesn’t fully reflect new data that’s pushed rates up this week on renewed worries about inflation. Continue reading