Purchase loan applications have been flat for two consecutive weeks, and now mortgage rates are popping again as more worrisome inflation data rolls in.
Category: inflation
Fed preparing to slow the pace of ‘quantitative tightening’
In addition to anticipating three rate cuts this year, Federal Reserve policymakers are considering whether to taper the pace at which they unwind the central bank’s $7 trillion balance sheet.
Falling mortgage rates should boost home sales: Fannie Mae
Fannie Mae economists no longer expect a recession and are considerably more optimistic that mortgage rates have additional room to come down below 6 percent.
Jump in key inflation gauge may delay mortgage rate relief
Futures markets still hold out hope for a March rate cut, even as annual inflation increased to 3.4 percent in December, moving away from the Fed’s 2 percent goal for the first time since September.
Falling mortgage rates haven’t sparked homebuyer stampede
Recent decline in rates is “some cause for optimism,” but requests for purchase loans are still down 12 percent from a year ago.
Mortgage rates poised to drop as Fed projects 3 cuts
Federal Reserve policymakers anticipate three rate cuts by the end of next year, but many think the central bank may cut faster and harder.
Mortgage rates edge up on surprisingly strong jobs report
Employers added 199,000 workers to their payrolls in November, a sign that the economy may achieve a soft landing but making Fed spring rate cuts less likely.
Homebuyer sentiment tallies record low amid falling rates
Fannie Mae economist warns that, while mortgage rates have retreated, the primary drivers of housing pessimism are persistent affordability challenges and worries about household finances.
Economists agree rates have peaked. But will they come down?
Two closely watched forecasts agree that mortgage rates have probably peaked, but diverge sharply on how quickly they’ll come down over the next two years.
Mortgage rates inch back up after Powell warns Fed could hike again
Speaking at an IMF research conference, Powell said the Fed is committed to raising rates as high as needed to bring inflation down, and “we are not confident that we have achieved such a stance.”