Tag Archives: federal reserve

Mortgage demand slips with homebuyers wary of rate volatility

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Rise in mortgage rates defies expectations as unusually wide “spread” between 10-year Treasury yields and mortgages reflects investor fears of another refi wave. Continue reading →

Real estate stocks are suddenly and finally on fire

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Redfin, Opendoor and Compass have all seen their share prices rally in recent days — suggesting that after years of the cold shoulder investors are warming to the sector. Continue reading →

Inflation rises during April but continues to cool

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All items index increased 4.9 percent for the 12 months ending April, the smallest 12-month increase since the period ending April 2021, according to the Consumer Price Index Summary. Continue reading →

NAR chief economist: ‘The Fed made a mistake’

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At the Realtors Legislative Meetings’ Residential Economic Issues and Trends Forum, Lawrence Yun predicted total home sales would bottom out this year before ticking up in 2024. Continue reading →

How to talk to clients about money (and all the rest): The Download

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Agents can deal with economic headwinds by understanding their buyers’ mindset and helping them tap into down payment resources. Continue reading →

Ongoing doubts about soundness of regional banks rattle investors

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Shares in regional banks PacWest Bancorp and Western Alliance Bancorp tumble, and TD Bank Group and First Horizon announce they’re calling off their merger. Continue reading →

Fed signals it may be done raising rates, but Powell won’t talk pivot

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Bank failures and potential debt ceiling showdown are wildcards for Fed policymakers weighing their next move as the threat of recession looms. Continue reading →

Homebuyer demand for purchase mortgages up despite higher rates

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Mortgage rates are expected to ease as markets anticipate Federal Reserve policymakers will raise rates just one more time this year and then reverse course. Continue reading →

Home sales will be ‘subdued’ for rest of 2023, Fannie Mae projects

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The housing sector’s resilience to higher prices and mortgage rates has bolstered prices, but a lack of for-sale inventory is expected to limit sales, according to Fannie’s latest monthly forecast. Continue reading →