Central bank policymakers drop short-term rates by 1/2 percentage point and signal more cuts ahead, but much of the impact may already be priced in to mortgage rates. Continue reading
Fannie Mae’s National Housing Survey shows there’s greater optimism about the future, but fewer than 1 in 5 consumers thought August was a good time to buy a home. Continue reading
August payroll report includes “huge downward revisions” to previous estimates of June and July job growth, renewing recession worries and prospects for aggressive Fed rate cuts. Continue reading
Amid the current economic turmoil, including fears of a potential recession and recent significant stock market declines, real estate professionals must remain vigilant and adaptable, Victoria Kennedy writes. Continue reading
Bond market investors who fund most mortgages are already certain the Fed will slash rates this month. The question has become how much will policymakers cut on Sept. 18, Nov. 7 and Dec. 18? Continue reading
If mortgage rates fall by another percentage point, ICE Mortgage sees homebuyers’ monthly payment dropping by $236 and nearly 7.2 million homeowners “in the money” for a refinance. Continue reading
PCE price index shows inflation continued to cool in July, but at a gentle enough pace that Fed policymakers are now seen as likely to only bring rates down by a hair in September. Continue reading
The Fed doesn’t have direct control over mortgage rates, but they’ve been coming down as investors are increasingly convinced that policymakers will be cutting rates at their three remaining meetings this year. Continue reading
Shares in the cloud banking solutions developer are down 14% after the company says the mortgage technology business it acquired for nearly $1 billion in 2022 has been a drag on growth but is expected to pick up. Continue reading
Although home price growth is slowing, S&P CoreLogic’s report also showed that first-time homebuyers are being impacted most by rising prices, since in the last five years, prices in the lower end of the market have risen more quickly than other t… Continue reading