Tag Archives: federal reserve

Barry Sternlicht: Rents will go up, and it’s Jerome Powell’s fault

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The billionaire head of Sternwood Capital blamed Federal Reserve chief Jerome Powell’s interest rate campaign for killing activity in the multifamily sector. Continue reading →

Mortgage rates retreat as wave of data suggests economy is cooling

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In less than a week, a series of reports has changed the outlook for the timing and magnitude of future Fed rate cuts, sending mortgage rates into a five-day tailspin. Continue reading →

Rates ease as inflation gauge moves in the right direction

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Mortgage rates have some room to come back down in June after PCE price index shows annual inflation easing to 2.65 percent in April, and Q1 2024 GDP growth revised downward to 1.3 percent. Continue reading →

Mortgage rates are bouncing back, and homebuyers don’t like it

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As rates on conventional mortgages head back above 7 percent, homebuyer demand for purchase loans is wilting, with applications dropping for a third week in a row last week, according to an MBA survey. Continue reading →

Mortgage rates staying below 2024 highs, but buyers indifferent

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Bond market investors who fund most mortgages shrugged off hawkish remarks by Federal Reserve Governor Christopher Waller that he wants to see “several more months of good inflation data” before cutting rates. Continue reading →

Mortgage rates headed under 7% on encouraging inflation data

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Homebuyers have yet to respond in force to drop in rates, which have been in retreat from 2024 highs for three consecutive weeks following Fed easing and soft jobs and CPI reports. Continue reading →

Consumer disconnect: Good time to sell means it’s a bad time to buy

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Fannie Mae survey finds 67 percent of Americans agree that it’s a good time to sell, the highest level in nearly 2 years. But only 20 percent say it’s a good time to buy. Continue reading →

Mortgage rates ease for 3rd day in a row on soft April jobs report

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Rates have been in retreat as bond market investors who fund most mortgage loans react to the latest economic news and scaleback in tightening by Fed policymakers. Continue reading →

Rates ease as Fed says it will dial back balance sheet tightening

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Federal Reserve policymakers say they’ll slow the pace of “quantitative tightening” to $40 billion a month, less than half the pace envisioned 2 years ago. Continue reading →