Tag Archives: federal reserve

Homebuyer demand cools to lowest level since 1995 as rates rebound

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An MBA survey shows demand for purchase loans is down 18 percent week over week and 41 percent from a year ago as mortgage rates rise for the second week in a row. Continue reading →

‘Modest’ recession could put a lid on 2023 home sales: Fannie Mae

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Economic downturn could put a damper on a promising start to the spring homebuying season, but set the stage for mortgage rates to ease and for home sales to rebound in 2024. Continue reading →

Demand for purchase loans sinks as mortgage rates rebound

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Mortgage rates have been inching up from 2023 lows following a strong jobs report and January’s Consumer Price Index readout, which shows only a slight cooling in inflation. Continue reading →

Housing singled out as largest contributor to inflation: Economists

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Housing costs were the biggest contributor to inflation in January, according to new data from the Bureau of Labor Statistics. Increased food and energy costs were smaller by comparison. Continue reading →

Mortgage rates inch up from 2023 lows on strong jobs report

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Strong job numbers spark fears that the Fed will need to stick to its guns and continue to raise rates and keep them elevated for some time to fight inflation. Continue reading →

Mass rounds of real estate layoffs still the exception, not the norm

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Despite big rounds of layoffs by companies like Compass and Anywhere, payrolls throughout the real estate industry held firm in January, according to a report released Friday by the U.S. Bureau of Labor Statistics.  Continue reading →

Mortgage rates may ease as modest Fed rate hike could be its last

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Fed Chair Jerome Powell is telegraphing one more small adjustment in March, but some bond market investors think the rate hike campaign may now be over. Continue reading →

Homebuyer demand for mortgages up for second week in a row

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Purchase loan requests rise 3 percent week over week as mortgage rates ease but remain down 39 percent from the same time a year ago. Continue reading →

Homebuyer loan requests jump 25% as mortgage rates continue to fall

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After two months of declines, mortgage rates are now at their lowest level since September with potential to spur spring homebuying, according to MBA economist Mike Fratantoni. Continue reading →