Tag Archives: Jerome Powell

Mortgage demand flattens as rates make another run toward 6%

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There’s no sign of a rebound in purchase applications, but August data showing a strong job market “should support housing demand,” an MBA economist says. Continue reading →

Home sales projected to fall 16.2%, Fannie Mae says in new forecast

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In projections released Monday, economists expect 5.78 million homes to change hands this year, representing a 16.2 percent decline from a year ago — a steeper drop than the 15.6 percent pullback forecast in July. Continue reading →

Will lower mortgage rates revive homebuyer demand?

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The largest weekly decline in mortgage rates since 2020 sparks increase in home loan applications after four weeks of declining demand, MBA’s survey says. Continue reading →

Fed’s steady approach to rate hikes could ease pressure on mortgages

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Fed Chairman Jerome Powell hinted Wednesday that the U.S. central bank is looking to dial back the pace of interest rate hikes as soon as the impact of previous increases shows up in inflation data. Continue reading →

Demand rebounds as mortgage rates retreat from 2022 peak

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Purchase mortgage applications are still down 10% from a year ago, with mortgage rates nearly doubling in the last 12 months, according to a survey by the Mortgage Bankers Association. Continue reading →

What’s a ‘reset’ anyway? A veteran’s take on the Fed chair’s comments

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Interest rates and out-of-whack supply and demand have Federal Reserve Chair Jerome Powell calling for a market “reset.” Jay Thompson offers his take on what that means for the real estate industry. Continue reading →

Homebuyers ‘need a bit of a reset,’ Fed chair Jerome Powell declares

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Jerome Powell on Wednesday acknowledged the tough situation buyers now find themselves in, adding that “We need to get back to a place where supply and demand are back together.” Continue reading →

Fed’s biggest rate hike in 28 years might not further impact mortgages

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After bond market sell-off Friday and Monday, investors take Fed’s 75 basis-point rate hike in stride. “The Fed managed to hint at today’s move,” said the CEO of one capital markets advisory firm. Continue reading →