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
Republicans are less worried about the future than Democrats and Independents, but “consumers from all three political affiliations are in agreement that the outlook has weakened since February.” Continue reading
Mortgage rates eased Friday as investors took stock of new data showing employers added 151,000 workers to their payrolls in February and the unemployment rate ticked up to 4.1 percent. Continue reading
Requests to refinance surged 37 percent last week and were up 83 percent from a year ago after the biggest one-week decline in mortgage rates since November, the MBA’s latest weekly lender survey shows. Continue reading
After moving in the wrong direction for three months, annual inflation cooled to 2.5 percent in January. But the biggest drop in consumer spending since February 2021 has one model predicting that the economy is shrinking. Continue reading
Constellation Data Labs will provide active property listings and public records to a broader range of industries including mortgage lenders, asset managers and insurers. Continue reading
Trump calls for lower interest rates after release of January CPI report. Powell says Fed is in no hurry to cut rates, and bond market investors who fund mortgages are taking him at his word. Continue reading
Requests to refinance were up 12 percent week over week and 17 percent from a year ago last week after rates for 30-year fixed-rate loans pulled back to the lowest level in six weeks. Continue reading
Conversational generative AI chat assistant, Ask Obi, is aimed at providing high-level insights “to better understand the data that drives their business.” Continue reading
Trump wants lower rates. Fed Chair Jerome Powell says he’s not spoken to the President, and that “we don’t need to be in a hurry to adjust the policy stance.” Continue reading