Requests to refinance are up 40 percent from a year ago, but uncertainty “continues to hold homebuyers out of the market,” Mortage Bankers Association economist Joel Kan said Wednesday. Continue reading
‘Chairman Powell needs to be investigated by Congress immediately,’ the FHFA director said in a statement on Wednesday. Pulte and President Donald Trump have been trying to pressure Powell to resign amid high interest rates. Continue reading
Hopes that home sales will pick up may hinge more on additional inventory coming onto the market, which is expected to cool or reverse home price gains. Continue reading
Two closely watched surveys show Americans remain concerned that the U.S. is headed for the dual challenge of an economic slowdown and an increase in inflation. Continue reading
As Fed policymakers await more data confirming that inflation has been tamed, futures markets put the odds of a September rate cut at 90 percent, up from 64 percent a week ago. Continue reading
Economists typically keep their eyes out for three key things when assessing whether a Middle East conflict could weigh on U.S. home sales. Here’s what they are. Continue reading
The chair of the Federal Housing Finance Agency, Fannie and Freddie has spent the past day calling on Powell to step down, saying he’s responsible for high home prices. Continue reading
Overseas investors hold about $1.36 trillion in U.S. mortgage debt, with Japan, China, Taiwan and Canada accounting for 61 percent of that total. Continue reading
Purchase loan applications soared 10 percent last week to the highest level since April, even though rates have been stuck in the high sixes, the Mortgage Bankers Association reported Wednesday. Continue reading
Inflation remained softer than expected in May, with consumer prices rising only modestly, suggesting that President Donald Trump’s latest tariffs have yet to ripple through, the Bureau of Labor Statistics reported Wednesday. Continue reading