Tag Archives: economy

Economists agree rates have peaked. But will they come down?

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Two closely watched forecasts agree that mortgage rates have probably peaked, but diverge sharply on how quickly they’ll come down over the next two years. Continue reading →

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

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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

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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 →

Homebuyers respond to biggest drop in mortgage rates this year

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Purchase mortgage applications trended up last week for the first time in nearly a month as mortgage rates retreated from 2023 highs, according to the MBA’s weekly survey of lenders. Continue reading →

LoanDepot warns more layoffs are coming — but on a smaller scale

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With headwinds in sight for 2024, loanDepot plans to slash $120 million in annual expenses following three consecutive quarters of cuts, CEO Frank Martell said during a Q3 earnings call Tuesday afternoon. Continue reading →

Record 85% of Americans said October was a bad time to buy

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Monthly Fannie Mae survey shows homebuyer pessimism at a high for records dating back to 2010, but a broader index aimed at capturing overall housing market sentiment improved in October. Continue reading →

Big drop in mortgage rates as unemployment hints at recession

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After breaching 8 percent in mid-October, 30-year fixed mortgage rates have plummeted to levels not seen since September as more investors expect Fed policymakers to lower rates in the spring. Continue reading →

Impact of ‘lock-in effect’ on listings may have been overstated

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Fannie Mae researchers say rising mortgage rates aren’t the only reason homeowners have been reluctant to sell, and rates coming back down won’t necessarily produce a flood of for-sale listings. Continue reading →

Young homebuyers could lead the recovery. So what do they want?

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First-time buyers are less likely than homeowners to be holding out for lower mortgage rates. But they hold a host of other priorities and concerns, according to an Intel analysis of buyer behavior. Continue reading →

Mortgage rates ease after Powell weighs in on impacts of tightening

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The Fed chair acknowledged that in principle, elevated term premiums — higher rates of return bond investors are demanding to compensate them for risk — could reduce the need for further rate hikes. Continue reading →