The drop to 5.99 percent on 30-year fixed-rate mortgages in the wake of shifting tariff policies could unlock transactions in select markets in the Midwest and South, according to an analysis from Realtor.com. Continue reading
The real estate industry has survived recessions, financial crises, pandemic shutdowns and rate spikes, Darryl Davis writes. A commitment to being genuinely useful to the people you serve, regardless of what the market is doing, is the reason. Continue reading
Economists with the mortgage giant shared a glimmer of good news for real estate professionals in a pair of new forecasts. Continue reading
Advance GDP reading suggests the economy shrank by 0.3 percent during Q1, as a rush by businesses to import goods before tariffs took hold and government spending cuts dented growth. Continue reading
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