Tag Archives: Mike Fratantoni

In split vote, Fed policymakers snub Trump, leave rates unchanged

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With job market stable and economy chugging along, futures market investors now think the odds of a September rate cut are less than even. Continue reading →

Mortgage rate drop unlikely after strong June jobs report

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The report beat analyst expectations by 37,000 jobs, curtailing hopes of a short-term rate cut in September. Several economists say mortgage rates will likely stay elevated and keep homebuyers on the sidelines. Continue reading →

Rising mortgage rates take wind out of spring homebuying sails

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Applications for purchase loans fell 5 percent last week as rates climbed to highest level since February over concerns about inflation and growing government debt. Continue reading →

Most homebuyers see a recession ahead. Some are even asking for it

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Nearly twice as many Realtor.com visitors say they would be more likely to buy if a recession hits compared to the share who say they’d be less likely to buy if the economy fails, new polling shows. Continue reading →

Homebuyers out in force for a 2nd week as mortgage rates stabilize

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With more homes to choose from, purchase loan applications were up 18 percent from a year ago last week as buyers forged ahead despite economic uncertainty. Continue reading →

Move-up homebuyers drive surge in mortgage loan applications

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Purchase loan demand was up 11 percent last week, with “surprisingly strong” demand from conventional loan borrowers given lingering economic uncertainty, MBA economist Mike Fratantoni says. Continue reading →

A June rate cut is now seen as off the table as Fed stays put

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Central bank policymakers need time to assess Trump administration’s “substantial policy changes” in areas including tariffs, immigration, taxation and regulations Continue reading →

Shrinking economy bolsters the case for a June Fed rate cut

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Advance GDP reading suggests the economy shrank by 0.3 percent during Q1, as a rush by businesses to import goods before tariffs took hold and government spending cuts dented growth. Continue reading →

Homebuyers get cold feet as mortgage rates rebound

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Mortgage rates are climbing back toward 7 percent on fears that tariffs could reignite inflation, but Federal Reserve Chairman Jerome Powell warns policymakers would be challenged if unemployment also rises. Continue reading →

Surprise Fed move takes some pressure off of mortgage rates

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Central bank dials back Treasury rolloffs but is not ready to cut short-term interest rates, as Fed policymakers indicate they’re more worried about inflation than they were in December. Continue reading →