Tag Archives: Recession

Mortgage rates are in free fall on a triple whammy of economic news

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Jobs reports trigger recession fears, sending rates on 30-year fixed-rate mortgages plunging to new 2024 lows as investors rotate out of stocks and into bonds. Continue reading →

Housing market bubble ready to ‘pop’ in the South, analyst warns

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Nashville-based analyst Nick Gerli sparked a social media firestorm with claims of a bubble. But economists dismissed fears, saying the area is home to some of the ‘most normalized’ markets in the country. Continue reading →

JPMorgan Chase CEO warns of higher rates, more inflation

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Jamie Dimon thinks interest rates could rise to 8 percent or more. He also said in a new letter that a recession and stagflation could be in the offing. Continue reading →

Gary Keller says ‘right now, real estate is in a recession’

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The real estate industry took a beating in 2023 — rising mortgage rates froze home sales, consumer sentiment slid to new lows, several landmark lawsuits threatened buyer-broker commissions, and the National Association of Realtors couldn’t keep itself … Continue reading →

Blowout January jobs report has mortgage rates surging again

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Employers added 353,000 workers to their payrolls in January, a “head scratching” jobs report from the Labor Department that kills prospects for a March rate cut “stone dead,” economist says Continue reading →

Demand for purchase mortgages climbs for 3rd week in a row

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Purchase mortgage applications surge by 8 percent as homebuyers seeking to take advantage of the recent decline in rates get an early jump on the spring homebuying season. Continue reading →

Jump in key inflation gauge may delay mortgage rate relief

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Futures markets still hold out hope for a March rate cut, even as annual inflation increased to 3.4 percent in December, moving away from the Fed’s 2 percent goal for the first time since September. Continue reading →

Buyers take rebound in mortgage rates in stride as lenders tighten

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Demand for purchase loans picked up last week as would-be homebuyers took advantage of rates that are still a full percentage point lower than 2023 highs. Continue reading →

Mortgage rates are in free fall as economy continues to cool

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While Fed policymakers had forecast three rate cuts next year, futures markets now see an 85 percent chance of at least six rate cuts after a key inflation metric shows the economy is cooling rapidly. Continue reading →

Lower mortgage rates failed to spur homebuyers into action last week

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Demand for purchase loans has picked up in five of the past seven weeks as mortgage rates continue a dramatic retreat from October highs on expectations of Fed rate cuts. Continue reading →