New inflation data gives mortgage rates room to keep coming down
With inflation continuing to inch closer to the Fed's 2% goal in August, bond market investors are getting more confident that the central bank will continue to cut rates aggressively in November
by Matt Carter Sep 27
'The fever has broken': Action steps for agents after rate cuts
A market where the fed funds rate is being cut instead of raised has historically been better for real estate, Jimmy Burgess writes. It's time to be the source of information and professionalism
by Jimmy Burgess Sep 26
Homebuyer demand hardly budged as mortgage rates hit 2024 lows
While many homeowners rushed to refinance, affordability is keeping a damper on sales. Now mortgage rates are climbing again, with investors having already priced in last week's Fed rate cut
by Matt Carter Sep 25
More and more homes are languishing on the market
In August, nearly half of all US homes had been on the market for 60 days or more, according to Redfin. Days on market has ticked up as high rates have slowed sales
by Jim Dalrymple II Sep 25
Is that big Fed rate cut a cure-all for the mopey market? The Download
With this week's half-percent rate cut from the Federal Reserve, agents are hoping sellers will finally get off the fence and loosen up some inventory to get the market moving
by Christy Murdock Sep 21
real estate economist
In this exclusive video series on Inman, Windermere’s Principal Economist Jeff Tucker illuminates the latest stats, reports and numbers you should know. This week: The Fed's latest rate cut
by Jeff Tucker Sep 20
That big Fed rate cut was no panacea for housing: Fitch analysts
Fed easing was already priced into mortgage rates, but there's room for more relief if investors who fund most home loans get less skittish about prepayment risk and quantitative tightening
by Matt Carter Sep 19
Fed begins rate-cutting campaign with reduction in federal funds rate
Central bank policymakers drop short-term rates by 1/2 percentage point and signal more cuts ahead, but much of the impact may have already been priced in to mortgage rates
by Matt Carter Sep 18
Investors' expectations for big Fed rate cut rise on new data releases
Investors who fund most mortgages have already priced in several rate cuts, so further declines could depend on what next week's 'dot plot' says about expectations for the pace of future cuts
by Matt Carter Sep 13
Fed expected to be cautious in cutting rates next week
A surprisingly large increase in core CPI, which excludes volatile food and energy prices, means Fed policymakers are likely to start out with a modest 25 basis-point rate cut next week
by Matt Carter Sep 11
Weak jobs report drags down stock indexes — and mortgage rates
August payroll report includes 'huge downward revisions' to previous estimates of June and July job growth, renewing recession worries and prospects for aggressive Fed rate cuts
by Matt Carter Sep 6
Mortgage rates are tumbling again as job openings hit 18-month low
Bond market investors who fund most mortgages are already certain the Fed will slash rates this month. The question has become how much will policymakers cut on Sept. 18, Nov. 7 and Dec. 18?
by Matt Carter Sep 4
July inflation reading trims the odds of a big September rate cut
PCE price index shows inflation continued to cool in July, but at a gentle enough pace that Fed policymakers are now seen as likely to only bring rates down by a hair in September
by Matt Carter Aug 30
Homebuyers still waiting for more listings and lower mortgage rates
The Fed doesn't have direct control over mortgage rates, but they've come down dramatically as investors are convinced policymakers will cut rates at their 3 remaining 2024 meetings
by Matt Carter Aug 28
It will take time for falling rates to translate into sales: Fannie Mae
Affordability challenges will limit growth in home sales to 0.5% this year — to just 4.78M — before surging to 5.19M in 2025, according to the latest housing forecast from Fannie Mae economists
by Matt Carter Aug 21