Tag Archives: federal reserve

Homebuyers are out in force and mortgage rates are coming down

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With 7.24 million Americans out of work in July and payroll growth slowing, the Fed is expected to pivot from fighting inflation to preserving jobs. Continue reading →

Trump says he has ousted Fed governor, defying precedent

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Trump has attempted to remove Lisa Cook from the rate-setting board over allegations made by the head of FHFA. Cook has denied wrongdoing and said she would continue serving on the board. Continue reading →

Mortgage rates drop sharply as Powell shifts stance on rate cuts

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Investors pushed bond yields and mortgage rates down Friday after Fed chair says policymakers are starting to see unemployment as a bigger risk to the U.S. economy than inflation. Continue reading →

Pulte dismisses claims he is ‘weaponizing’ mortgage fraud

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A “Wall Street Journal” editorial calls Pulte’s criminal referral of Federal Reserve governor “an ominous turn in political lawfare” and warns that “weaponizing” Fannie and Freddie’s federal regulator “won’t build confidence in America’s institutions o… Continue reading →

NAR sees existing-home sales rise ‘ever so slightly’ in July

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Existing-home sales edged up in July, as increasing inventory and improving affordability pushed more homebuyers into the market. The sale of single-family, townhomes, condominiums, and co-ops increased 2 percent month-over-month and 0.8 percent year-o… Continue reading →

Mortgage rates hit 10-month low, spurring lower monthly payments

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The dip is due to a weak July jobs report, a neutral inflation report and home sale prices moving past their peak as fall approaches. Those factors give buyers significant leverage. Continue reading →

Trump tells Federal Reserve governor Lisa Cook to ‘resign now’

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The president asked Cook to resign from her post after FHFA Director Bill Pulte accused her of mortgage fraud. Pulte has leveled similar accusations against other political adversaries Continue reading →

Trump tells Federal Reserve governor Lisa Cook to ‘resign now’

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The president asked Cook to resign from her post after FHFA Director Bill Pulte accused her of mortgage fraud. Pulte has leveled similar accusations against other political adversaries Continue reading →

Trump tells Federal Reserve governor Lisa Cook to ‘resign now’

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The president asked Cook to resign from her post after FHFA Director Bill Pulte accused her of mortgage fraud. Pulte has leveled similar accusations against other political adversaries Continue reading →

Fannie Mae dials back sales expectations by 220,000 homes

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Driving the revised forecast are expectations for slightly cooler economic growth and hotter inflation, which could mean mortgage rates come down a little more slowly. Continue reading →