Mortgage rates drop with stocks on surprise jobs report and new tariffs

Trump announces new tariffs on dozens of countries beginning Aug. 7, fires BLS commissioner after revised jobs report shows dramatic slowdown in payroll growth in May and June. Continue reading

Is that big Fed rate cut a cure-all for the mopey market? The Download

With this week’s half-percent rate cut from the Federal Reserve, agents are hoping sellers will finally get off the fence and loosen up some inventory to get the market moving. Continue reading

That big Fed rate cut was no panacea for housing: Fitch analysts

Fed easing was already priced into mortgage rates, but there’s room for more relief if investors who fund most home loans get less skittish about prepayment risk and quantitative tightening. Continue reading