Tag Archives: federal reserve

Purchase loan applications soar 9% following drop in mortgage rates

By | | Uncategorized
Comments Off on Purchase loan applications soar 9% following drop in mortgage rates

Trend could bode well for the spring homebuying season, the Mortgage Bankers Association said Wednesday, but Fed may take its time before cutting rates. Continue reading →

Jump in key inflation gauge may delay mortgage rate relief

By | | Uncategorized
Comments Off on Jump in key inflation gauge may delay mortgage rate relief

Futures markets still hold out hope for a March rate cut, even as annual inflation increased to 3.4 percent in December, moving away from the Fed’s 2 percent goal for the first time since September. Continue reading →

Mortgage rates are in free fall as economy continues to cool

By | | Uncategorized
Comments Off on Mortgage rates are in free fall as economy continues to cool

While Fed policymakers had forecast three rate cuts next year, futures markets now see an 85 percent chance of at least six rate cuts after a key inflation metric shows the economy is cooling rapidly. Continue reading →

Lower mortgage rates failed to spur homebuyers into action last week

By | | Uncategorized
Comments Off on Lower mortgage rates failed to spur homebuyers into action last week

Demand for purchase loans has picked up in five of the past seven weeks as mortgage rates continue a dramatic retreat from October highs on expectations of Fed rate cuts. Continue reading →

Fannie Mae, MBA economists still expect mild 2024 recession

By | | Uncategorized
Comments Off on Fannie Mae, MBA economists still expect mild 2024 recession

The good news for real estate pros is that closely watched forecasts agree home sales will bottom in Q4 2023, and mortgage rates are looking ready to come down significantly next year. Continue reading →

Homebuyers continue to take advantage of falling rates

By | | Uncategorized
Comments Off on Homebuyers continue to take advantage of falling rates

Demand for purchase mortgages has picked up in five out of the past six weeks, and applications to refinance have roared back, jumping 27 percent from a year ago. Continue reading →

As the market makes a comeback, here’s how to get your ‘rizz’ back

By | | Uncategorized
Comments Off on As the market makes a comeback, here’s how to get your ‘rizz’ back

As the Federal Reserve prepares to meet next week, lower interest rates spark joy with agents and would-be buyers. Are you ready? Continue reading →

How low can they go? Mortgage rates back under 7% this week

By | | Uncategorized
Comments Off on How low can they go? Mortgage rates back under 7% this week

Mortgage rates keep falling after Powell tries to deflate expectations for the spring rate, as three new reports released this week suggest the economy is, in fact, losing steam. Continue reading →