After a week in which the average 30-year fixed-rate mortgage rate fell below 6 percent for the first time in more than three years, rates reversed, hitting 6.15 percent on Tuesday in response to overseas conflict. Continue reading
During a one-hour-and-47-minute-long speech, President Trump had few words to share on issues important to real estate professionals, like affordable housing, mortgage rates or the inventory crisis. Continue reading
The president argued that lowering home prices would cut into Americans’ wealth gains, and stressed that lowering interest rates would help homebuyers struggling with affordability. Continue reading
The president made the announcement on Truth Social on Friday. Warsh will need to be confirmed by the Senate before taking up the central bank post. Continue reading
President Trump kept his focus on a potential ban on institutional homebuyers and highlighted existing plans to buy $200 billion in mortgage bonds to drive down rates. Continue reading
Although Trump is attempting to respond to legitimate frustrations in the housing market, the proposed ban won’t increase supply, Derek Carlson writes. Continue reading
Federal Reserve Chair Jerome Powell issued a rare warning in a video statement on Sunday that the Fed’s independence was under threat of political intimidation, as evidenced by grand jury subpoenas served to the bank on Friday by the DOJ under what Pow… Continue reading
The president’s announcement was made against the backdrop of high inflation, which Trump blamed on former President Biden and Democrats in Congress. Continue reading
Federal Reserve governor Lisa Cook filed a lawsuit against President Trump on Thursday alleging that his attempted firing of her was illegal without him showing “cause” for her termination. Continue reading
Fannie Mae and Freddie Mac should continue to operate as separate companies rather than merged into a single entity, and be regulated like utilities with a cap on excessive fees and prohibitions on backing risky loans. That’s the perspective of a… Continue reading