How AI may be driving interest rates higher: Redfin economist

Lenders are pouring money into AI, Redfin’s Daryl Fairweather said. As a result, there’s less capital leftover for loans on everyday items. Continue reading

Rising unemployment revives prospects for December rate cut

Fannie Mae forecasters are predicting mortgage rates will fall below 6 percent by the end of next year. Economists at the Mortgage Bankers Association don’t see rates coming down at all. Continue reading