Purchase loan demand eased last week, but rates are expected to keep falling on a new report showing there are more people unemployed than there are job openings for the first time since the pandemic. Continue reading
Homeowners scrambled to refinance last week as mortgage rates dropped to the lowest level in four months, with homebuyer demand also up by double digits from a year ago, according to a weekly survey of lenders by the Mortgage Bankers Association. Mortg… Continue reading
Trump announces new tariffs on dozens of countries beginning Aug. 7, fires BLS commissioner after revised jobs report shows dramatic slowdown in payroll growth in May and June. Continue reading
With Trump administration’s Aug. 1 deadline looming, new readings on consumer confidence show would-be homebuyers may be getting less fearful that tariffs will tank the economy. Continue reading
Inflation moved away from Fed’s 2 percent target for the second month in a row, with the cost of goods and services rising 2.7 percent from a year ago, up from 2.3 percent in April. Continue reading
Requests to refinance are up 40 percent from a year ago, but uncertainty “continues to hold homebuyers out of the market,” Mortage Bankers Association economist Joel Kan said Wednesday. Continue reading
As Fed policymakers await more data confirming that inflation has been tamed, futures markets put the odds of a September rate cut at 90 percent, up from 64 percent a week ago. Continue reading
Purchase loan applications soared 10 percent last week to the highest level since April, even though rates have been stuck in the high sixes, the Mortgage Bankers Association reported Wednesday. Continue reading
An estimated 7.24 million Americans were unemployed in May, as hiring by private employers slowed and the federal government continued to shrink its payroll. Continue reading
Central bank policymakers need time to assess Trump administration’s “substantial policy changes” in areas including tariffs, immigration, taxation and regulations Continue reading