Surging mortgage rates gain momentum on new inflation data
Mortgage rates rise for the fourth day in a row, pushing back through 7% as more worrisome inflation data puts to rest any lingering hopes for a Federal Reserve rate cut this spring
by Matt Carter Mar 14
Annual inflation cools for 3rd month straight to 3.1%
The Consumer Price Index rose only 0.1% between October and November, 3.1% higher than a year earlier, suggesting interest rates will hold steady at this week's Federal Reserve meeting
by Ben Verde Dec 12
Housing's stranglehold on inflation poised to decline in months ahead
Inflation rose 0.4% in September, a near standstill from August, according to the latest Consumer Price Index Thursday. Economists believe 'shelter' will soon recede as the largest contributor
by Ben Verde Oct 12
Bond market investors convinced Fed won't hike rates next week
Demand for purchase loans picks up slightly, and mortgage rates continue to remain below 2023 peaks, as latest inflation data out Wednesday doesn't ruffle investors who fund most mortgages
by Matt Carter Sep 13
Inflation ticks up 0.6%, boosted by 'outsized' housing costs
The Consumer Price Index increased 0.6% in August, faster than the July rate of 0.2%, according to data released Wednesday by the Bureau of Labor Statistics
by Ben Verde Sep 13
Inflation is falling. So what happens next? Here's what economists say
The impact of high housing costs is expected to fall out of inflation, giving cover for the Federal Reserve to stop raising interest rates for now, economists said. But there are still warning signs
by Ben Verde AND Taylor Anderson Jun 13
Housing costs remain stubbornly high despite relief on food, energy
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
by Ben Verde Apr 12
Housing still biggest contributor as inflation slowed pace in February
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
by Ben Verde Mar 14
Demand for purchase loans sinks as mortgage rates rebound
Mortgage rates have been inching up from 2023 lows following a strong jobs report and January's Consumer Price Index readout, which shows only a slight cooling in inflation
by Matt Carter Feb 15
Mortgage rates tumble on signs that inflation is easing
Rates for several types of mortgages fell more than half a percentage point Thursday, with 30-year fixed-rate mortgages averaging 6.62%
by Matt Carter Nov 10
Mortgage rates under pressure again with inflation at 40-year high
Bond market investors are wary that the Fed will be forced to implement drastic 75-basis point rate hike in June or July, as soaring cost of gas, food and rents drive inflation to 8.6% in May
by Matt Carter Jun 10
A broker with 357 listings got no leads from Trulia last week