Tag Archives: Tariffs

Tariff fears sour consumer sentiment, push mortgage rates up

By | | Uncategorized
Comments Off on Tariff fears sour consumer sentiment, push mortgage rates up

The University of Michigan Index of Consumer Sentiment fell 11 percent from March to April and is now lower than it was during the Great Recesssion. Continue reading →

Inflation eased in March, but tariff impacts remain to be seen

By | | Uncategorized
Comments Off on Inflation eased in March, but tariff impacts remain to be seen

Inflation as measured by the Consumer Price Index dropped to an annual rate of 2.4 percent last month, but the impact of tariffs is unlikely to show up in data until May. Continue reading →

Pressure on mortgage rates eases as Trump pauses higher tariffs

By | | Uncategorized
Comments Off on Pressure on mortgage rates eases as Trump pauses higher tariffs

Stocks rebounded and pressure on interest rates eased after Trump announces 90-day pause on country-specific “reciprocal tariffs” with the exception of 125 percent duties on Chinese goods. Continue reading →

Rocket bucks tariff stock market selloff on prospects for growth

By | | Uncategorized
Comments Off on Rocket bucks tariff stock market selloff on prospects for growth

Lower mortgage rates could help lenders do more business, and investment analysts like Rocket’s plans to acquire real estate brokerage Redfin and loan servicing giant Mr. Cooper. Continue reading →

Mortgage rates down sharply as tariff worries spark flight to safety

By | | Uncategorized
Comments Off on Mortgage rates down sharply as tariff worries spark flight to safety

Heightened fears of a trade war and recession have investors convinced that the Fed will start cutting rates again in June — a sentiment that gives mortgage rates more room to come down. Continue reading →

Opendoor, Fathom stocks flirt with $1 threshold — and with disaster

By | | Uncategorized
Comments Off on Opendoor, Fathom stocks flirt with $1 threshold — and with disaster

Companies that can’t keep their shares over $1 risk being delisted from the stock market. Opendoor shares crossed that threshold this week, while Fathom crossed it last month. Continue reading →

Trump announces universal tariffs of at least 10% on most nations

By | | Uncategorized
Comments Off on Trump announces universal tariffs of at least 10% on most nations

Sweeping plan imposes higher duties on “worst offenders” and is in addition to 25 percent tariff on foreign automobiles slated to take effect April 3. Continue reading →

Homebuyers are responding to stable rates, rising inventories

By | | Uncategorized
Comments Off on Homebuyers are responding to stable rates, rising inventories

Demand for purchase mortgages has been stronger than a year ago for more than two months as mortgage rates stay well below 2025 highs seen in January, lender surveys show. Continue reading →

Rates have room to come down as economy cools: Fannie Mae

By | | Uncategorized
Comments Off on Rates have room to come down as economy cools: Fannie Mae

Tariffs are expected to rekindle inflation and slow economic growth, but the recent pullback in mortgage rates should provide a “small boost” to home sales this year, economists say. Continue reading →

Surprise Fed move takes some pressure off of mortgage rates

By | | Uncategorized
Comments Off on Surprise Fed move takes some pressure off of mortgage rates

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 →