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.
Category: inflation
Homebuyers respond as mortgage rates hover near 2025 lows
Purchase loan requests are up 7 percent from a year ago, as loosening housing inventory and a pullback in mortgage rates presents FHA buyers with more opportunities.
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.
Anxiety over mortgage rates, rent and home prices begins to mount
Inflation expectations surged after President Donald Trump announced plans to impose tariffs on goods from China, Canada and Mexico, a new University of Michigan survey of consumers finds.
Fed pauses rate cuts, continues mortgage ‘quantitative tightening’
Trump wants lower rates. Fed Chair Jerome Powell says he’s not spoken to the President, and that “we don’t need to be in a hurry to adjust the policy stance.”
December Fed rate cut seen as a lock — then caution may prevail
The latest Consumer Price Index reading is in line with expectations, but progress in fighting inflation has stalled. Forecasts for a slower pace of easing next year might keep mortgage rates above 6 percent.
Latest inflation data ups the odds of a December Fed rate cut
Progress in taming inflation slowed in October, but futures market investors think the latest numbers up the odds of another Federal Reserve rate cut next month.
Weak jobs, manufacturing reports provide no relief for mortgage rates
Hurricanes and strikes were expected to dent job creation, and bond market investors are looking ahead to next week’s election, Fed meeting and government bond auctions.
Mortgage rates back at 7% as bond market investors stage rebellion
“Bond vigilantes” figure “no matter which party wins the White House and the Congress, fiscal policies will bloat the budget deficit and heat up inflation,” Wall Street veteran Ed Yardeni warns.
Strong economy may prop up home prices, mortgage rates
Fannie Mae economists say surprising strength of the U.S. economy means home prices are likely to keep rising, and mortgage rates may not come down as quickly as previously expected.