Purchase loan applications came in last week at the slowest pace since May, as renewed concerns about the impact of tariffs drive up mortgage rates and weigh on consumer sentiment. Continue reading
Inflation moved away from Fed’s 2 percent target for the second month in a row, with the cost of goods and services rising 2.7 percent from a year ago, up from 2.3 percent in April. Continue reading
Rates are on the rebound again as investors weigh a strong June jobs report and the Trump administration’s threats to impose new tariffs in August. Continue reading
Fannie Mae survey echoes polls by the University of Michigan and the Conference Board that found uncertainty over tariffs is weighing on consumer confidence. Continue reading
Requests to refinance are up 40 percent from a year ago, but uncertainty “continues to hold homebuyers out of the market,” Mortage Bankers Association economist Joel Kan said Wednesday. Continue reading
Two closely watched surveys show Americans remain concerned that the U.S. is headed for the dual challenge of an economic slowdown and an increase in inflation. Continue reading
Windermere Economist Jeff Tucker looks at recent economic indicators, including some surprising upside despite a disappointing spring market. Continue reading
As Fed policymakers await more data confirming that inflation has been tamed, futures markets put the odds of a September rate cut at 90 percent, up from 64 percent a week ago. Continue reading
Economists typically keep their eyes out for three key things when assessing whether a Middle East conflict could weigh on U.S. home sales. Here’s what they are. Continue reading
Purchase loan applications soared 10 percent last week to the highest level since April, even though rates have been stuck in the high sixes, the Mortgage Bankers Association reported Wednesday. Continue reading