Tag Archives: economy

Investors now certain Fed will cut in September. But by how much?

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Falling mortgage rates have more homeowners interested in refinancing, but homebuyers are largely staying on the sidelines. Rates may now be poised for a bigger drop. Continue reading →

It will take time for falling rates to translate into sales: Fannie Mae

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Affordability challenges will limit growth in home sales to 0.5 percent this year — to just 4.78 million — before surging to 5.19 million in 2025, according to the latest housing forecast from Fannie Mae economists. Continue reading →

Mortgage rates trending down as Fed rate cuts seen as certain

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Investors see a September rate cut as a certainty, but the latest inflation data suggests recession fears are overblown and the Fed will start out with a modest, 25-basis point reduction. Continue reading →

Mortgage rates are in free fall on a triple whammy of economic news

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Jobs reports trigger recession fears, sending rates on 30-year fixed-rate mortgages plunging to new 2024 lows as investors rotate out of stocks and into bonds. Continue reading →

Mortgage rates continue descent as Fed hints at September rate cut

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Fed policymakers are acknowledging that while they’re determined not to cut rates until inflation is tamed, they’re also worried about waiting too long — and throwing the economy into a tailspin. Continue reading →

Inflation cools again in June, giving mortgage rates room to ease

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As inflation gets closer to Fed’s 2 percent target, economists at Fannie Mae and the Mortgage Bankers Association predict mortgage rates will continue to drop into the low sixes by the end of next year. Continue reading →

Falling mortgage rates have yet to translate into pricier home sales

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Applications for purchase mortgages dropped last week for the second week in a row as rising home prices continue to shut many would-be homebuyers out of the market. Continue reading →

Economists predict big slowdown in home price appreciation

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As for-sale listings continue to surge, many would-be homebuyers are still having trouble finding properties that they can afford and prices are already coming down in some markets Continue reading →

Eyeing next refi boom, lenders plan to maintain or grow payrolls

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Lending industry leaders surveyed by Fannie Mae see the lack of housing supply as the biggest risk factor in 2024, but most expect refinancing to pick up next year if rates continue to fall. Continue reading →

Big drop in mortgage rates fuels refis, but homebuyers unmoved

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One issue for would-be homebuyers seeking jumbo mortgages is that rates haven’t come down as dramatically as they have for conforming mortgages eligible for purchase by Fannie Mae and Freddie Mac. Continue reading →