Tag Archives: Jerome Powell

Homebuyer mortgage demand falls even as rates ease from 2022 highs

By | | Uncategorized
Comments Off on Homebuyer mortgage demand falls even as rates ease from 2022 highs

Economic uncertainty and stock market volatility may have helped drive 12 percent decline in purchase mortgage applications. Continue reading →

Redfin economist: The Fed can change its mind

By | | Uncategorized
Comments Off on Redfin economist: The Fed can change its mind

While an abrupt shift in policy isn’t expected, Fed Chair Jerome Powell affirms that, “If things come in better than we expect, then we’re prepared to do less” tightening. Continue reading →

Bond yields rise as Fed says it will double pace of tapering

By | | Uncategorized
Comments Off on Bond yields rise as Fed says it will double pace of tapering

The Federal Reserve will double the pace of its tapering of support for mortgage markets, as falling unemployment and worries about inflation outweigh uncertainty around the potential health and economic impacts of the Omicron variant. Continue reading →

Fed still considering faster tapering of support for mortgages

By | | Uncategorized
Comments Off on Fed still considering faster tapering of support for mortgages

Speaking before the Senate Banking Committee Federal Reserve Chair Jerome Powell said the recent rise in COVID-19 cases and the emergence of the Omicron variant does pose “downside risks to employment and economic activity and increased uncertainty for… Continue reading →

Rising mortgage rates may be pressuring borrowers off the fence

By | | Uncategorized
Comments Off on Rising mortgage rates may be pressuring borrowers off the fence

Purchase loans were up 5 percent last week and applications by homeowners to refinance existing mortgages were up 0.4 percent week over week, according to the Mortgage Bankers Association. Continue reading →

Mortgage rate projected to top 4% in 2022 as Fed tapering plan nears

By | | Uncategorized
Comments Off on Mortgage rate projected to top 4% in 2022 as Fed tapering plan nears

The Fed could begin tapering as soon as November, adding momentum to market forces that have been pushing mortgage rates up in recent weeks. Continue reading →

Home prices could ‘moderate’ if mortgage rates keep rising

By | | Uncategorized
Comments Off on Home prices could ‘moderate’ if mortgage rates keep rising

Mortgage rates are headed up as investors who fund home loans digest the prospects for long-term inflation and the Fed’s tapering plans. Continue reading →