Tag Archives: Unemployment

Homebuyer demand sags as mortgage rates stay range bound

By | | Uncategorized
Comments Off on Homebuyer demand sags as mortgage rates stay range bound

Applications for purchase mortgages drops for a fifth consecutive week to the lowest level since October, as mortgage rates continue to hover above 6 percent. Continue reading →

Why the Federal Reserve won’t bend to ‘THE TRUMP RULE’ in 2026

By | | Uncategorized
Comments Off on Why the Federal Reserve won’t bend to ‘THE TRUMP RULE’ in 2026

The next Fed chair may be more receptive to the president’s calls for rate cuts, but they’ll have to convince other central bank policymakers to give up their independence. Continue reading →

Worries about the job market are bringing mortgage rates down

By | | Uncategorized
Comments Off on Worries about the job market are bringing mortgage rates down

Initial unemployment claims hit highest level since September, and Federal Reserve Chair Jerome Powell warns official data could be overestimating job creation by up to 60,000 jobs a month. Continue reading →

Rising unemployment revives prospects for December rate cut

By | | Uncategorized
Comments Off on Rising unemployment revives prospects for December rate cut

Fannie Mae forecasters are predicting mortgage rates will fall below 6 percent by the end of next year. Economists at the Mortgage Bankers Association don’t see rates coming down at all. Continue reading →

Homebuying off to strongest November start since 2022

By | | Uncategorized
Comments Off on Homebuying off to strongest November start since 2022

Rebounding mortgage rates didn’t stop buyers from shopping for deals last week, with requests for purchase loans up 6 percent last week compared to the week before and 31 percent from a year ago, according to lender data tracked by the Mortgage Bankers… Continue reading →

Rising inflation makes ‘jumbo’ Fed rate cut unlikely next week

By | | Uncategorized
Comments Off on Rising inflation makes ‘jumbo’ Fed rate cut unlikely next week

Initial jobless claims climbed last week to the highest level since Oct. 23, 2021, but investors and economists are expecting three small rate cuts this year rather than a dramatic move next week. Continue reading →

Massive downward jobs revision not budging mortgage rates

By | | Uncategorized
Comments Off on Massive downward jobs revision not budging mortgage rates

Rebenchmarking that suggests the U.S. added 911,000 fewer jobs than previously thought generates political heat but was widely expected by economists and investors. Continue reading →

Mortgage rates plummet to new 2025 low on anemic jobs report

By | | Uncategorized
Comments Off on Mortgage rates plummet to new 2025 low on anemic jobs report

Investors who fund most home loans are no longer wondering whether the Federal Reserve will cut rates this month, but by how much. At least three quarter-percentage point rate cuts are now expected this year. Continue reading →

Homebuyers take a breather as mortgage rates continue to fall

By | | Uncategorized
Comments Off on Homebuyers take a breather as mortgage rates continue to fall

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 →

Mortgage rates drop sharply as Powell shifts stance on rate cuts

By | | Uncategorized
Comments Off on Mortgage rates drop sharply as Powell shifts stance on rate cuts

Investors pushed bond yields and mortgage rates down Friday after Fed chair says policymakers are starting to see unemployment as a bigger risk to the U.S. economy than inflation. Continue reading →