Layoffs are rising across industries, but they are below last year’s totals
Applications for purchase mortgages drops for a 5th consecutive week to the lowest level since October as mortgage rates continue to hover above 6%, MBA lender surveys show
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
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 60K jobs a month
Demand for purchase loans hit a new 2025 high last week after adjusting for the holiday, with mortgage rates near a low for the year and a Dec. 10 Fed rate cut on tap
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.
Rebounding mortgage rates didn't stop buyers from shopping for deals last week, with requests for purchase loans up 6% last week compared to the week before and 31% from a year ago
Initial jobless claims climbed last week to the highest level since Oct. 23, 2021, but investors and economists are expecting 3 small rate cuts this year rather than a dramatic move on Sept. 17
Rebenchmarking that suggests the US added 911K fewer jobs than previously thought generates political heat but was widely expected by economists and investors
Investors who fund most home loans are no longer wondering whether the Fed will cut rates this month, but by how much. At least 3 quarter-percentage point rate cuts are now expected this year
Purchase loan demand slipped last week, but rates are expected to keep falling with unemployed outnumbering job openings in July for the first time since the pandemic
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 US economy than inflation
At Keller Williams Mega Agent Camp, Co-Founder Gary Keller said the housing market could be in a recession through late 2026, as the economy experiences burgeoning stagflation
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
Rates are on the rebound again as investors weigh how Federal Reserve policymakers will view a strong June jobs report and the Trump administration's threats to impose new tariffs in August