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
While only 1 in 4 Americans surveyed last month by Fannie Mae said its was a good time to buy, that’s up from an all time low of 14 percent last spring. Continue reading
Requests to refinance surged 37 percent last week and were up 83 percent from a year ago after the biggest one-week decline in mortgage rates since November, the MBA’s latest weekly lender survey shows. Continue reading
After moving in the wrong direction for three months, annual inflation cooled to 2.5 percent in January. But the biggest drop in consumer spending since February 2021 has one model predicting that the economy is shrinking. Continue reading
Economists and bond market investors have been surprised by the continued strength of the economy, and are wary of the potential for tariffs, tax cuts and deportations to reignite inflation. Continue reading
After surprise inflation report, Trump administration says the Federal Reserve’s interest rate decisions will be exempt from its attempt to exert more control over independent federal agencies Continue reading
Inflation expectations surged after President Donald Trump announced plans to impose tariffs on goods from China, Canada and Mexico, a new University of Michigan survey of consumers finds. Continue reading
Requests to refinance were up 12 percent week over week and 17 percent from a year ago last week after rates for 30-year fixed-rate loans pulled back to the lowest level in six weeks. Continue reading
Trump wants lower rates. Fed Chair Jerome Powell says he’s not spoken to the President, and that “we don’t need to be in a hurry to adjust the policy stance.” Continue reading
Elevated rates chill the prospects of a 2025 sales rebound from the lowest level in 30 years, as many would-be homebuyers and sellers would stay on the sidelines. Continue reading