Mortgage rates have some room to come back down in June after PCE price index shows annual inflation easing to 2.65 percent in April, and Q1 2024 GDP growth revised downward to 1.3 percent. Continue reading
Bank failures and potential debt ceiling showdown are wildcards for Fed policymakers weighing their next move as the threat of recession looms. Continue reading
Mortgage rates expected to ease even as Fed vows to continue “quantitative tightening” that’s trimming mortgage holdings by $35 billion a month. Continue reading
Several Fed policymakers have hinted that they’d be open to a smaller increase in short-term rates in December if there are signs that inflation is starting to ease. Continue reading
Financial markets have already dialed back expectations that the Fed would quickly withdraw its support for mortgage markets and hike short-term rates three times next year. Continue reading
The Fed now has justification to keep a tight lid on interest rates. But some fear that if employers are forced to raise wages too quickly, that could spark inflationary pressures and spook bond investors. Continue reading