Numbers suggest that the labor market cooled off much faster than previously thought. The Federal Reserve now has a case to make a bigger cut in interest rates come September
Overall inflation rose just 3% on an annual basis in June, according to Bureau of Labor Statistics. The 10-year Treasury yield, an indicator of mortgage rates, plummeted on the news Thursday
Key Fed inflation metric expected to drop June 28 following unexpected decline in May wholesale prices and jump in weekly jobless claims to 242K workers, highest level since August 2023
Rates have returned to last week's levels, when applications for purchase loans leapt by 9% from the week before and refi applications surged by 28%, MBA lender survey shows
Zillow Chief Economist Skylar Olsen said these markets are ideal cities for real estate investors to purchase properties in the coming years
Tuesday's big drop in rates followed an encouraging inflation report, with bond market investors now convinced the Federal Reserve is done hiking rates and may reverse course in the spring
Employers added 336,000 jobs in September, the biggest jump since January, raising the odds that the Fed will pursue 'higher for longer' rate strategy to get inflation under control
Mixed payroll and unemployment report sends long-term interest rates surging, but some analysts say the latest numbers reduce the odds of a September Fed rate hike
The Consumer Price Index increased 0.2% in July and rose 3.2% annually, according to data released Thursday by the Bureau of Labor Statistics that suggests inflation is still cooling
The US Consumer Price Index cooled to 5% in March compared to a year ago, but remained elevated overall despite efforts to curb inflation, according to the Bureau of Labor Statistics
Economists revealed to Intel how mortgage rates and inflation will bring the spring homebuying market back toward historical norms and become the new sales benchmark for years to come
While the Consumer Price Index jumped a modest 0.4% month over month, the collapse of Silicon Valley Bank and Signature Bank could keep rate hikes at bay, economists said Tuesday
Housing costs were the biggest contributor to inflation in January, according to new data from the Bureau of Labor Statistics. Increased food and energy costs were smaller by comparison
Rates for several types of mortgages fell more than half a percentage point Thursday, with 30-year fixed-rate mortgages averaging 6.62%
Real estate employers — a category that includes brokerages — added 6,100 jobs in April, a rate that matched national monthly jobs growth