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
Investors bid up shares of mortgage lenders and real estate companies after “relatively benign” CPI report ends speculation that inflation worries might force the Fed to raise rates this year. Continue reading
Investors who fund most home loans are now convinced that the Federal Reserve won’t cut rates again until June after employers add 256,000 jobs in December. Continue reading
With mortgage rates back to where they were last summer, purchase applications are coming in at the slowest pace since February 2024, Mortgage Bankers Association lender survey finds. Continue reading
Americans are more hopeful that the economy is on the right track than they were a year ago, but only 1 in 5 thought December was a good time to buy a home, Fannie Mae surveys show. Continue reading
Prices hit record highs in 2024, making affordability just as big a problem as it was on the eve of the 2007 housing bust. But this time, prices in most markets are expected to decelerate, not fall. Continue reading