Tag Archives: inflation

Fed tightening likely to produce a ‘modest recession:’ Economists

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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 →

Inflation is falling. So what happens next? Here’s what economists say

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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 →

It’s definitely a seller’s market: Buyer sentiment sags in poll

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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 →

Mortgage rates ease on debt deal, but jobs report fuels inflation fears

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Friday’s strong jobs report renews worries that the Federal Reserve is not done hiking rates to combat inflation as policymakers face June 14 decision to “hike, skip or pause.” Continue reading →

A squad of economists is waging a stealth war on America’s ‘30% rule’

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The Brooke Amendment — a law otherwise known as “the 30 percent rule” that has shaped U.S. housing policy since the 1960s — is in the crosshairs as spending on real estate soars to record heights. Continue reading →

‘Inflation is still running too high’: Homebuyers stunned by rate surge

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Requests for purchase loans were down last week by 31 percent from a year ago as rates rose to new 2023 highs and homes remained scarce in many markets, according to the MBA’s Weekly Mortgage Applications Survey. Continue reading →

Mortgage rates hit new 2023 high on debt ceiling, inflation worries

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For investors who provide the funding for most U.S. mortgages, the debt ceiling crisis won’t be over until Congress actually votes to approve the deal negotiated over the weekend. Continue reading →