Tag Archives: Jerome Powell

Fed Chair Powell’s attempt to deflate rate-cut expectations flops

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Investors who fund most mortgages remain convinced the Fed will begin lowering rates in the spring to avoid strangling the economy. Continue reading →

Mortgage rates post biggest 1-day drop since onset of the pandemic

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Tuesday’s big drop in rates followed an encouraging inflation report, with bond market investors now convinced the Fed is done hiking rates and may reverse course in the spring. Continue reading →

Mortgage rates inch back up after Powell warns Fed could hike again

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Speaking at an IMF research conference, Powell said the Fed is committed to raising rates as high as needed to bring inflation down, and “we are not confident that we have achieved such a stance.” Continue reading →

Mortgage demand slips again as rates continue relentless rise

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Loan applications slipped to lowest level since 1995 as mortgage rates climb for the seventh week in a row, according to a weekly survey of lenders by the Mortgage Bankers Association. Continue reading →

Mortgage rates ease after Powell weighs in on impacts of tightening

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The Fed chair acknowledged that in principle, elevated term premiums — higher rates of return bond investors are demanding to compensate them for risk — could reduce the need for further rate hikes. Continue reading →

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 →

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 →

Homebuyer mortgage demand falls to lowest level since 1995

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As mortgage rates hit new post-pandemic highs on inflation worries, an MBA survey finds applications for purchase loans fell for the sixth consecutive week last week and are down 30 percent from a year ago. Continue reading →