Tag Archives: federal reserve

As it keeps hiking short-term rates, Fed stays the course on mortgages

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Fed Chair Jerome Powell says policymakers are not ready to start selling off Treasurys and mortgage debt to accelerate the balance sheet runoff. Continue reading →

Don’t expect mortgage rate relief in 2023, Fannie Mae warns in forecast

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Even though the economy is probably headed for a recession next year, the Fed is seen as having a ways to go before inflation is under control. Continue reading →

Demand for home loans picks up for first time in 6 weeks

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Rising demand for purchase loans and refinancing as rates climb to new highs underscores volatility, with Fed expected to continue rate hikes, according to the MBA’s latest Mortgage Applications Survey. Continue reading →

US home equity has reached new heights. What happens next?

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Gains in household real estate equity have far outpaced growth in U.S. mortgage debt, according to new numbers from the Federal Reserve board. Continue reading →

Spending on construction dipped in July amid market slowdown

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Spending on construction in the U.S. has been growing for years, but amid rising rates and a stalling market that trend appears to be coming to an end. Continue reading →

What does ‘housing recession’ even mean? Economists don’t really know

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The phrase “housing recession” has exploded in popularity, according to an analysis of search terms. But pinning down what it means and where it originated is surprisingly difficult, experts told Inman. Continue reading →

Home sales projected to fall 16.2%, Fannie Mae says in new forecast

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In projections released Monday, economists expect 5.78 million homes to change hands this year, representing a 16.2 percent decline from a year ago — a steeper drop than the 15.6 percent pullback forecast in July. Continue reading →