Relief would be good news for would-be homebuyers, although purchase loan applications are still up 10 percent from a year ago as mortgage rates hit highest levels since July. Continue reading
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
With the gross domestic product eclipsing expectations in 2Q, the US appears to have avoided a long-predicted recession, even as the real estate industry remains mired in a deep contraction. Continue reading
Strong jobs numbers and GDP growth have bond market investors convinced it’s all but certain the Federal Reserve will resume rate hikes this month. Continue reading
Surprising GDP and jobs numbers have investors buying stocks and selling bonds over worries that Fed policymakers will continue hiking rates to combat inflation. Continue reading
Lawrence Yun, chief economist for NAR, reports that the GDP is back to its pre-pandemic peak, consumers are ready to spend their stimulus checks and single-family housing starts are ramping up. Continue reading
Thomas Sponholtz’s company assists buyers with their down payments and helps existing homeowners access their equity — services that he says give consumers more and better financing options. Continue reading
The Federal Reserve will struggle to explain the need for more interest rate cuts after Wednesday’s expected reduction. Continue reading
Economic growth is expected to slow in 2019 which means stabilizing home sales and mortgage rates in 2019, according to Fannie Mae’s economic and strategic research group. Continue reading