Tag Archives: federal reserve

Job loss fears, mortgage rates weigh on housing sentiment

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Fannie Mae survey echoes polls by the University of Michigan and the Conference Board that found uncertainty over tariffs is weighing on consumer confidence. Continue reading →

Mortgage rate drop unlikely after strong June jobs report

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The report beat analyst expectations by 37,000 jobs, curtailing hopes of a short-term rate cut in September. Several economists say mortgage rates will likely stay elevated and keep homebuyers on the sidelines. Continue reading →

Downward trend in mortgage rates not enough to spur homebuyers

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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 →

FHFA Director Pulte calls on Congress to investigate Fed Chair Jerome Powell

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‘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 →

Mortgage rates are coming down. Does the trend have any legs?

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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 →

Uncertainty over tariff policies continues to worry consumers

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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 →

Fed expected to resist pressure from Trump for July rate cut

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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 →

So far, the conflict with Iran hasn’t nudged the US housing market. But could it?

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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 →

Pulte wages war on Fed Chair Jerome Powell, blaming him for high home prices

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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 →

Trump looks to South Korea to bring down mortgage rates

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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 →