Homebuilders cry ‘uncle’ as duties on Canadian lumber hit 27%

NAHB urges Trump administration to negotiate new softwood lumber agreement with Canada “that will provide a fair and equitable solution to all parties and eliminate tariffs altogether.” Continue reading

Mortgage rates drop with stocks on surprise jobs report and new tariffs

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

In split vote, Fed policymakers snub Trump, leave rates unchanged

With job market stable and economy chugging along, futures market investors now think the odds of a September rate cut are less than even. Continue reading

Homebuyers still have jitters about the economy and job market

Mortgage rates have stabilized and more inventory is coming online, but applications for purchase loans fell by a seasonally adjusted 6 percent last week compared to the week before. Continue reading

Jobs report gives the Fed more leeway for a September rate cut

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

Many buyers think home prices will only rise. Is that a safe bet?

A new survey of thousands of U.S. consumers by Inman and Dig Insights suggests that many homebuyers are spurred to enter an unaffordable market by the assumption that things can only get worse. Continue reading

It’s a higher-for-longer world, and we’re just living in it: Economist

Windermere Economist Jeff Tucker looks at recent economic indicators to determine if or when interest rates might finally come down. Continue reading

It’s a higher-for-longer world, and we’re just living in it: Economist

Windermere Economist Jeff Tucker looks at recent economic indicators to determine if or when interest rates might finally come down. Continue reading

It’s a higher-for-longer world, and we’re just living in it: Economist

Windermere Economist Jeff Tucker looks at recent economic indicators to determine if or when interest rates might finally come down. Continue reading

Higher rates aren’t stopping homebuyers from bargain hunting

Purchase loan requests are up 3 percent from a week ago and 22 percent from last year even as mortgage rates climb to highest level in four weeks, Mortgage Bankers Association survey shows. Continue reading