Tag Archives: inflation

Bond yields soar again on Fed governor’s hawkish remarks

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Fed Governor Michelle Bowman warns bankers that she thinks the Fed may need to hike rates more than once and keep them high next year to get inflation under control. Continue reading →

Surprisingly strong jobs report sends interest rates soaring

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Drop in unemployment claims on the heels of hawkish Fed warnings sends 10-year Treasury yields soaring to a 15-year high, with mortgage rates likely to follow. Continue reading →

Fed stays put but is prepared to hike rates one more time this year

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Treasury yields, a barometer for mortgage rates, barely budged Wednesday as bond market investors look ahead to next year when the Fed is expected to start bringing short-term rates back down. Continue reading →

Demand for purchase loans picks up, but so do mortgage rates

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Applications for FHA mortgages and conforming loans backed by Fannie and Freddie were up last week, even as rates crept back toward 2023 highs registered in August. Continue reading →

Mild recession, elevated mortgage rates eyed in 2024: Fannie Mae

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Fannie Mae economists predict “mild recession” next year, but say mortgage rates may not ease as much as previously expected. Continue reading →

Consumer homebuying sentiment has plateaued at ‘pessimistic’

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Most Americans polled by Fannie Mae last month said they would rather buy than rent, but a record-high 82 percent also said August was a bad time to buy. Continue reading →

Purchase loan applications once again at lowest level since 1995

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Mortgage rates are climbing back toward 2023 highs as more inflation data comes in hot, spurring fears of another Federal Reserve rate hike in November. Continue reading →

Latest jobs numbers could be nail in the coffin for interest rate hikes

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Mixed payroll and unemployment report sends long-term interest rates surging, but some analysts say the latest numbers reduce the odds of a September Fed rate hike. Continue reading →