Redfin and Realtor.com's latest market reports show gaining momentum for homebuyers. However, the national market is far from being a solid buyers' market
Recent Trump appointee Stephen Miran was the lone dissenter in Wednesday's 11-1 vote, holding out for a bigger, 1/2 percentage point rate cut advocated by the president
Homebuyer loan applications flooded in last week at the 2nd-highest level of the year. Demand for adjustable-rate mortgage loans is at the highest level since 2008
Trump appointee Stephen Miran confirmed as Fed governor in 48-47 Senate vote, but appeals court upholds ruling that Lisa Cook can stay on board while she contests legality of removal order
The silver lining in deteriorating consumer confidence is that the weaker job market means the Fed is expected to slash rates several times this year and next, even as tariffs fuel inflation
Initial jobless claims climbed last week to the highest level since Oct. 23, 2021, but investors and economists are expecting 3 small rate cuts this year rather than a dramatic move on Sept. 17
Applications for purchase mortgages hit their highest level since July last week, and rates keep falling as weak jobs reports and more encouraging inflation data point to Sept. 17 Fed rate cut
Trump's move to fire Cook likely violated her right to due process, and 'for cause' provision for removal is limited to behavior in office, judge rules in granting preliminary injunction
Rebenchmarking that suggests the US added 911K fewer jobs than previously thought generates political heat but was widely expected by economists and investors
Investors who fund most home loans are no longer wondering whether the Fed will cut rates this month, but by how much. At least 3 quarter-percentage point rate cuts are now expected this year
But an overall weakening labor market could include a silver lining for real estate as it puts downward pressure on mortgage rates
Cook's attorneys say she did not commit mortgage fraud and is being targeted by the Trump administration to undermine the Federal Reserve's independence
Purchase loan demand slipped last week, but rates are expected to keep falling with unemployed outnumbering job openings in July for the first time since the pandemic
Hundreds of economists say Trump's move to fire Cook 'threatens the fundamental principle of central bank independence and undermines trust in one of America’s most important institutions'
Last week, Inman staff writers and contributors had governmental and economic shifts on the brain, writing about rates, sales trends and the national debt