Homebuyer demand sags as mortgage rates stay range bound

Applications for purchase mortgages drops for a fifth consecutive week to the lowest level since October, as mortgage rates continue to hover above 6 percent. Continue reading

Worries about the job market are bringing mortgage rates down

Initial unemployment claims hit highest level since September, and Federal Reserve Chair Jerome Powell warns official data could be overestimating job creation by up to 60,000 jobs a month. Continue reading

Fed cuts rates for 3rd time in 2025, but might cut just once next year

The 9-3 split vote reflects differing views on whether the central bank’s biggest worry is inflation or rising unemployment, with data lagging after the government shutdown. Continue reading

Homebuyers came out in force last week, and rates are trending down

Applications for purchase mortgages hit a seasonally adjusted 2025 high last week, with FHA, VA, and USDA applications for less pricey homes driving the surge. Continue reading

Rebounding mortgage rates dampen homebuyers’ appetites

After hitting a 2025 low on Oct. 28, mortgage rates continue to rise as hopes dim for a December Fed rate cut. Futures market investors on Wednesday saw only a 34 percent chance of a Dec. 10 rate cut, down from 94 percent in October. Continue reading

Homebuying off to strongest November start since 2022

Rebounding mortgage rates didn’t stop buyers from shopping for deals last week, with requests for purchase loans up 6 percent last week compared to the week before and 31 percent from a year ago, according to lender data tracked by the Mortgage Bankers… Continue reading

Demand for mortgages cools as rates rebound from 2025 low

Mortgage rates hit a new 2025 low of 6.12 percent on Oct. 28, but have been on the rise after Fed Chair Jerome Powell said there’s no guarantee the Fed will cut rates for a third time in December. Continue reading

Mortgage rates just hit a new 2025 low. They might be stuck there.

MBA forecasts rates will probably stay right where they are now in 2026, as investors have already priced in future Fed rate cuts. But look for three years of steady growth in home sales ahead. Continue reading

Government shutdown could bring mortgage rates down

Investors seeking safety in bonds and mortgage-backed securities can bring rates down. Yields on 10-year Treasurys fell 4 basis points on first day of shutdown. Continue reading

Fed signals it’s just getting started with 1/4 percentage point rate cut

Recent Trump appointee Stephen Miran was the lone dissenter in Wednesday’s 11-1 vote, holding out for a bigger, 1/2 percentage point rate cut advocated by the president. Continue reading