Tag Archives: economy

Homebuyer sentiment rebounds in June from May’s record low

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Fannie Mae’s monthly National Housing Survey shows many Americans may be underestimating the odds that mortgage rates will continue to pull back from 2024 peaks. Continue reading →

Mortgage rates retreating from 7% on ‘massive’ revision to jobs report

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After spiking after the June 27 presidential debate, mortgage rates are trending down again on mounting expectations that the Federal Reserve will start cutting rates in September. Continue reading →

Homebuyer mortgage demand dips, breaking 3-week streak

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Mortgage rates are on the rebound despite encouraging inflation data, as Fed policymakers warn “higher for longer” rate strategy will remain in place until they see more conclusive evidence the economy has cooled. Continue reading →

Prospects for lower mortgage rates grow as inflation continues to ease

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The Federal Reserve’s preferred inflation gauge fell to 2.56 percent in May, getting closer to the Fed’s 2 percent target for the 2nd month in a row. Core inflation reading is lowest since March 2021. Continue reading →

BofA analysts cast doubts on prospects for 2025 sales rebound

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“The U.S. housing market is stuck, and we are not convinced it will become unstuck anytime soon,” economists at Bank of America Global Research say of ongoing affordability issues. Continue reading →

Lower rates boost homebuyer demand for 3rd week in a row

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Mortgage rates have been on the decline since late April, as closely watched data releases suggest the economy is cooling and that the Fed may start cutting rates as soon as September. Continue reading →

More listings, lower rates should boost 2025 sales: Fannie Mae

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Fannie Mae on Friday slashed its 2024 forecast as a result of weak spring home sales, but listings are returning to the market and mortgage rates look poised to drop, according to new projections. Continue reading →

Homebuyers jump at lower mortgage rates, but will they last?

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Purchase loan applications have surged for two weeks in a row, but rates for conforming mortgages are inching back up toward 7 percent this week as investors weigh the odds of Fed rate cuts. Continue reading →

Mortgage rates have more room to fall on 2 new economic reports

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Key Fed inflation metric expected to drop June 28 following unexpected decline in May wholesale prices and jump in jobless claims to highest level since August 2023. Continue reading →