PCE price index shows inflation continued to cool in July, but at a gentle enough pace that Fed policymakers are now seen as likely to only bring rates down by a hair in September. Continue reading
The Fed doesn’t have direct control over mortgage rates, but they’ve been coming down as investors are increasingly convinced that policymakers will be cutting rates at their three remaining meetings this year. Continue reading
Shares in the cloud banking solutions developer are down 14% after the company says the mortgage technology business it acquired for nearly $1 billion in 2022 has been a drag on growth but is expected to pick up. Continue reading
Falling mortgage rates have more homeowners interested in refinancing, but homebuyers are largely staying on the sidelines. Rates may now be poised for a bigger drop. Continue reading
Affordability challenges will limit growth in home sales to 0.5 percent this year — to just 4.78 million — before surging to 5.19 million in 2025, according to the latest housing forecast from Fannie Mae economists. Continue reading
Investors see a September rate cut as a certainty, but the latest inflation data suggests recession fears are overblown and the Fed will start out with a modest, 25-basis point reduction. Continue reading
At Keller Williams’ annual Mega Agent Camp, franchise founder Gary Keller and several leaders shared how agents can navigate recession fears and commission confusion with clarity. Continue reading
The big drop in mortgage rates did more to spur refinancing than homebuying, according to a weekly survey of lenders by the Mortgage Bankers Association, and now rates are rising again. Continue reading
Jobs reports trigger recession fears, sending rates on 30-year fixed-rate mortgages plunging to new 2024 lows as investors rotate out of stocks and into bonds. Continue reading
Fed policymakers are acknowledging that while they’re determined not to cut rates until inflation is tamed, they’re also worried about waiting too long — and throwing the economy into a tailspin. Continue reading