Tag Archives: CPI

More homes sold. Lower rates. Lower inflation. Where Fannie Mae expects the market to move

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Economists with the mortgage giant shared a glimmer of good news for real estate professionals in a pair of new forecasts. Continue reading →

Rising inflation makes ‘jumbo’ Fed rate cut unlikely next week

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Initial jobless claims climbed last week to the highest level since Oct. 23, 2021, but investors and economists are expecting three small rate cuts this year rather than a dramatic move next week. Continue reading →

Mortgage rates are headed up again on June CPI inflation report

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Inflation moved away from Fed’s 2 percent target for the second month in a row, with the cost of goods and services rising 2.7 percent from a year ago, up from 2.3 percent in April. Continue reading →

Rising inventories have more homebuyers going to their lender

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Purchase loan applications soared 10 percent last week to the highest level since April, even though rates have been stuck in the high sixes, the Mortgage Bankers Association reported Wednesday. Continue reading →

May CPI misses projections even as tariff effects hold off

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Inflation remained softer than expected in May, with consumer prices rising only modestly, suggesting that President Donald Trump’s latest tariffs have yet to ripple through, the Bureau of Labor Statistics reported Wednesday. Continue reading →

Homebuyers out in force for a 2nd week as mortgage rates stabilize

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With more homes to choose from, purchase loan applications were up 18 percent from a year ago last week as buyers forged ahead despite economic uncertainty. Continue reading →

Inflation eased in March, but tariff impacts remain to be seen

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Inflation as measured by the Consumer Price Index dropped to an annual rate of 2.4 percent last month, but the impact of tariffs is unlikely to show up in data until May. Continue reading →

Inflation, job worries drive ‘horrific’ consumer confidence report

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Republicans are less worried about the future than Democrats and Independents, but “consumers from all three political affiliations are in agreement that the outlook has weakened since February.” Continue reading →

Encouraging CPI inflation report does little for mortgage rates

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Homebuyers have responded to a pullback in mortgage rates from January highs, but tariffs on imported goods could keep inflation elevated and halt the downward trend in rates. Continue reading →

Mortgage rates climbing again on hot CPI report, Powell testimony

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Trump calls for lower interest rates after release of January CPI report. Powell says Fed is in no hurry to cut rates, and bond market investors who fund mortgages are taking him at his word. Continue reading →