Core inflation rose less in November than forecasters had been expecting, in part because housing costs rose at a slower pace, Pantheon Macroeconomics Chief U.S. Economist Samuel Tombs said. Continue reading
Bond market investors are focused on the latest “dot plot,” indicating Fed policymakers only expect to bring short-term rates down by half a percentage point in 2025. Continue reading
Requests for purchase loans picked up last week during a short-lived drop in rates, MBA survey shows, helped by “gradually improving inventory conditions and a more positive outlook on the economy and job market.” Continue reading
The latest Consumer Price Index reading is in line with expectations, but progress in fighting inflation has stalled. Forecasts for a slower pace of easing next year might keep mortgage rates above 6 percent. Continue reading
Employers added 227,000 workers to their payrolls in November, but with 7.1 million Americans out of work the unemployment rate is back up to 4.2 percent. Continue reading
Homebuyer demand picks up for the fourth week in a row to the highest level since January, as rates continue post-election retreat that could have legs. Continue reading
Progress in taming inflation slowed in October, but futures market investors think the latest numbers up the odds of another Federal Reserve rate cut next month. Continue reading
Applications for purchase loans jumped 12 percent week over week and 52 percent from a year ago, according to a weekly survey of lenders by the Mortgage Bankers Association. Continue reading
Windermere’s Principal Economist Jeff Tucker looks at October’s falling month-to-month new construction numbers. Continue reading
Fannie Mae and MBA forecasts dampened expectations for projected home sales in 2025 while offering a more cautious outlook on the prospects of mortgage rates coming down in the new year. Continue reading