Consumer confidence in the housing market “appears to have plateaued at a relatively low level,” said Fannie Mae Chief Economist Doug Duncan in a new homeowner survey released on Friday. 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
Jumbo loan rates are higher than conforming mortgages for the third week in a row as spread widens to 16 basis points, the latest MBA lender survey revealed. Continue reading
Jumbo loan rates are higher than conforming mortgages for the third week in a row as spread widens to 16 basis points, the latest MBA lender survey revealed. Continue reading
Fannie Mae forecasters say the Federal Reserve’s decision on how high and long to keep rates up presents “a major risk over the next year,” with a question of a downturn more a matter of “when” than “if.” Continue reading
While Fed policymakers currently see the need for two more rate hikes this year, some economists think the economy will continue to cool without further tightening. Continue reading
The impact of high housing costs is expected to fall out of inflation, giving cover for the Federal Reserve to stop raising interest rates, economists said. But there are still warning signs. Continue reading
With home prices and mortgage rates showing few signs of easing, only 19 percent of Americans thought May was a good time to buy. Continue reading
Some Fed policymakers say even if they skip hiking rates next week to assess the latest inflation data, that doesn’t mean they’re ready to pause altogether. Continue reading