Record number of Americans say they’d rather rent than buy

Housing market sentiment rose in October to the highest level since February 2022, but 8 in 10 consumers still said it was a bad time to buy, Fannie Mae survey finds. Continue reading

Uncertainty, volatility ahead for housing market under Trump

Plans to eliminate federal income taxes, enact high tariffs and force the Federal Reserve to cut federal funds rates could tank the housing market, economists say. Continue reading

The big asterisk on that October jobs report: Economist

Windermere’s Principal Economist Jeff Tucker looks at how recent events have impacted the October jobs report and what it means for the economy. Continue reading

Weak jobs, manufacturing reports provide no relief for mortgage rates

Hurricanes and strikes were expected to dent job creation, and bond market investors are looking ahead to next week’s election, Fed meeting and government bond auctions. Continue reading

Inflation cooled in September, nearing the Fed’s 2% target

Mortgage rates inch up as an expected decline in key inflation gauge does little to change expectations for rate cuts among investors who fund most home loans. Continue reading

Latest jobs, GDP reports point to November Federal Reserve rate cut

Relief would be good news for would-be homebuyers, although purchase loan applications are still up 10 percent from a year ago as mortgage rates hit highest levels since July. Continue reading

Existing-home sales show the market is still frozen: Economist

Windermere’s Principal Economist Jeff Tucker looks at September’s “disappointing” existing-home sales report and discusses some of the factors impacting the numbers. Continue reading

Rising mortgage rates are taking their toll on homebuyer demand

MBA lender survey shows demand for purchase loans is still slightly stronger than it was a year ago, when rates were soaring toward post-pandemic highs. Continue reading

Mortgage rates bounce back to July levels on inflation worries

Another worry for bond market investors is “quantitative tightening,” the Fed’s program to trim its massive holdings of government debt and mortgages. Continue reading