Fed patches a potential chink in armor protecting its independence
A vote to reappoint 11 of the Fed's 12 regional bank presidents puts an end to speculation that the Trump administration might try to unseat inflation hawks opposed to interest rate cuts
by Matt Carter Dec 11
These are the 5 people who might replace Jerome Powell as Fed chair
Trump loyalist Kevin Hassett is seen as the most likely pick to lead the Federal Reserve Board next year. Critics say doubts about the central bank's independence could put upward pressure on rates
by Matt Carter Oct 28
Donald Trump and Jerome Powell, mortgage rates drop on Powell speech
If bond market investors get cold feet about buying government debt and mortgage-backed securities, that could push long-term interest rates higher, even if the Fed cuts short-term rates
by Matt Carter Aug 28
Mortgage rates hit 4-month low and have more room to drop
Homeowners rushed to refinance last week, and lender data shows homebuyer demand for purchase loans is up 17 percent from a year ago with Federal Reserve rate cuts on deck
by Matt Carter Aug 13
Donald Trump and Jerome Powell, mortgage rates drop on Powell speech
With job market stable and the economy chugging along, bets placed by futures market investors suggest the odds of a September rate cut have dropped to less than even
by Matt Carter Jul 30
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
by Matt Carter Mar 19
December Fed rate cut seen as a lock — then caution may prevail
The latest CPI reading is in line with expectations, but progress in the fight against inflation has stalled, economists warn. A slower pace of easing might keep mortgage rates above 6% in 2025
by Matt Carter Dec 11
Inflation cools again in June, giving mortgage rates room to ease
As inflation gets closer to Fed's 2% target, economists at Fannie Mae and the Mortgage Bankers Association predict mortgage rates will continue to drop into the low 6s by the end of next year
by Matt Carter Jul 26
Mortgage rates staying below 2024 highs, but buyers indifferent
Bond market investors shrug off Federal Reserve Governor Christopher Waller's warning that he wants to see 'several more months of good inflation data' before cutting rates
by Matt Carter May 22
Latest inflation numbers don't rule out June rate cut, economists say
The Federal Reserve's preferred inflation gauge moved in the wrong direction last month for the first time since September, but core inflation fell for the 13th consecutive month, to 2.8%
by Matt Carter Apr 1
Fed preparing to slow the pace of 'quantitative tightening'
In addition to anticipating 3 rate cuts this year, Federal Reserve policymakers are considering whether to taper the pace at which they unwind the central bank's $7T balance sheet
by Matt Carter Mar 20
Mortgage rates ease for 2nd consecutive day on inflation data
'Quantitative tightening' — the Federal Reserve's moves to trim $35B in mortgages from its balance sheet each month — could keep mortgage rates from falling dramatically this year
by Matt Carter Mar 1
Purchase loan applications soar 9% following drop in mortgage rates
The trend could bode well for the spring homebuying season, the Mortgage Bankers Association said Wednesday, but Federal Reserve policymakers may take their time before cutting rates
by Matt Carter Jan 18
Fed Chair Powell's attempt to deflate rate-cut expectations flops
Rates keep falling as fresh data pours in, with investors who fund most mortgages still convinced the Federal Reserve will begin lowering rates in the spring to avoid strangling the economy
by Matt Carter Dec 1
Homebuyers seizing the day as mortgage rates continue to slide
Demand for purchase loans picks up for 4th consecutive week, and bond market investors are pushing rates lower on hopes for Fed easing as inflation subsides
by Matt Carter Nov 29