Tag Archives: federal reserve

Location, location, location? Price eclipses previous buyer priority

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Fifty-six percent of consumers surveyed by Coldwell Banker said that price is the most important factor for them when choosing a home, compared to 50 percent who said location was most important, casting doubt on the seasoned advice that location is ev… Continue reading →

Mortgage rates ease for 2nd consecutive day on inflation data

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The Federal Reserve’s moves to trim $35 billion in mortgages from its balance sheet each month could keep mortgage rates from falling dramatically this year. Continue reading →

Rising mortgage rates taking a big bite out of homebuyer demand

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Applications for purchase loans plummeted by a seasonally adjusted 10 percent last week, according to a survey of lenders by the Mortgage Bankers Association. Continue reading →

Many hoped a March rate cut would boost housing. Now, it’s not so clear

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Most real estate professionals believe rate cuts by the Fed will be crucial for a sales recovery, according to results from the Inman Intel Index survey. But the timing on those cuts is hazy. Continue reading →

Demand for purchase mortgages drops for 3rd week in a row

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Lender survey shows applications from homebuyers is down 12 percent from a year ago, as mortgage rates continue to rebound from December lows on stubborn inflation data. Continue reading →

Fed policymakers want more data, dash hopes of March rate cut

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Fed Chair Jerome Powell says a rate cut at the central bank’s next meeting is not “the base case,” with policymakers wanting to see more data showing inflation is on a sustainable path down to 2 percent. Continue reading →

Purchase loan applications soar 9% following drop in mortgage rates

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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

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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

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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 →