With inflation continuing to inch closer to the Fed’s 2 percent goal in August, bond market investors are getting more confident that the central bank will continue to cut rates aggressively in November. Continue reading
While many homeowners rushed to refinance, affordability is keeping a damper on sales. Now mortgage rates are climbing again, with investors having already priced in last week’s Fed rate cut. Continue reading
In August, nearly half of all U.S. homes had been on the market for 60 days or more, according to Redfin. Days on market has ticked up as high rates have slowed sales. Continue reading
Fed easing was already priced into mortgage rates, but there’s room for more relief if investors who fund most home loans get less skittish about prepayment risk and quantitative tightening. Continue reading
Central bank policymakers drop short-term rates by 1/2 percentage point and signal more cuts ahead, but much of the impact may already be priced in to mortgage rates. Continue reading
Investors who fund most mortgages have already priced in several rate cuts, so further declines could depend on what next week’s “dot plot” says about expectations for the pace of future cuts. Continue reading
A surprisingly large increase in core CPI, which excludes volatile food and energy prices, means Fed policymakers are likely to start out with a modest 25 basis-point rate cut when they meet next week. Continue reading
Fannie Mae’s National Housing Survey shows there’s greater optimism about the future, but fewer than 1 in 5 consumers thought August was a good time to buy a home. Continue reading
The East Asian island country has experienced decades of near-0 percent interest rates and an abundance of inventory, but the government has started to increase rates as wages have seen a boost. Continue reading
Bond market investors who fund most mortgages are already certain the Fed will slash rates this month. The question has become how much will policymakers cut on Sept. 18, Nov. 7 and Dec. 18? Continue reading