Jerome Powell is set to step down this week after a particularly eventful tenure
The rate relief buyers were waiting for may not be coming
Members of the Federal Open Market Committee were split 8-4
Hopes of a robust spring homebuying season are quickly running into harsh economic realities
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
The 9-3 split vote reflects differing views on whether the central bank's biggest worry is inflation or rising unemployment, with data lagging after the government shutdown
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
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.
The resignation of Biden appointee Adriana Kugler and pending retirement of Atlanta Fed President Raphael Bostic renews speculation that Trump will seek to undermine Fed independence
NAR Chief Economist Lawrence Yun said Friday there could be a brief bump in home sales after the government shutdown. Here are the other market forces he's watching
After the Federal Reserve approved the second rate cut of the year, mortgage rates moved in the opposite direction as investors who fund most home loans worry about inflation
Rates on 30-year fixed-rate mortgages hit another 2025 low on Tuesday, dropping to 6.12%, nearly a full percentage point lower than January. Rates now have less room to come down
Fed chair dismisses suggestion that central bank could resume its purchases of mortgage-backed securities to bring down mortgage rates and improve housing affordability
In predicting that mortgage rates will drop below 6% next year, economists at Fannie Mae are more optimistic about growth and less worried about inflation than their MBA counterparts