Seasonal cooling sweeps market as buyers grapple with affordability
Despite an unusually active fall market this year, the housing market has finally settled into a slower pace for winter and returned to seasonal norms
by Lillian Dickerson Dec 18
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 60K jobs a month
by Matt Carter Dec 11
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.
by Matt Carter Nov 21
real estate economist
In this exclusive series on Inman, Windermere’s Principal Economist Jeff Tucker looks at employment data, housing market stats and affordability indicators
by Jeff Tucker Nov 20
Rebounding mortgage rates dampen homebuyers' appetites
After hitting a 2025 low on Oct. 28, mortgage rates continue to rise as hopes dim for a December Fed rate cut. Futures market investors see only a 34% chance of a Dec. 10 rate cut.
by Matt Carter Nov 19
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% last week compared to the week before and 31% from a year ago
by Matt Carter Nov 12
Demand for mortgages cools as rates rebound from 2025 low
Mortgage rates hit a new 2025 low of 6.12 percent on Oct. 28, but have been on the rise after Fed Chair Jerome Powell said there's no guarantee the Fed will cut rates for a third time in December
by Matt Carter Nov 5
How the government shutdown is impacting real estate
Housing data, mortgage rates, federally-backed home loans, flood insurance and the Washington, DC, housing market are all already starting to feel the impacts
Government shutdown could bring mortgage rates down
Investors seeking safety in bonds and mortgage-backed securities can bring rates down. Yields on 10-year Treasurys fell 4 basis points on first day of shutdown
by Matt Carter Oct 1
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 3 small rate cuts this year rather than a dramatic move on Sept. 17
by Matt Carter Sep 11
Massive downward jobs revision not budging mortgage rates
Rebenchmarking that suggests the US added 911K fewer jobs than previously thought generates political heat but was widely expected by economists and investors
by Matt Carter Sep 9
Construction labor market facing 'alarming deterioration'
But an overall weakening labor market could include a silver lining for real estate as it puts downward pressure on mortgage rates
by Taylor Anderson Sep 5
Homebuyers take a breather as mortgage rates continue to fall
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
by Matt Carter Sep 3
Donald Trump and Jerome Powell, mortgage rates drop on Powell speech
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
by Matt Carter Aug 22
real estate economist
In this exclusive series on Inman, Windermere’s Principal Economist Jeff Tucker looks at inventory levels and writes that, while sellers are willing to list, they won't bend on price
by Jeff Tucker Aug 22