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

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

Office space fallout raises more questions about regional banks

Regional banks are in the spotlight again as cracks begin to show in their balance sheets due to the ongoing distress in the commercial real estate sector. Continue reading

Why Americans shouldn’t give up on homeownership

Chief economists Ralph McLaughlin and Ali Wolf spoke to Inman about the monetary and non-monetary benefits of homeownership. Continue reading