A judge gave attorneys for the Fed governor until Sept. 2 to bolster their argument that she should keep her job, as Bill Pulte leveled new allegations of misrepresentation on a third property
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
The lawsuit alleges that a move to terminate Lisa Cook would violate the Federal Reserve Act, which requires 'cause' for a governor's removal, and gives Cook the right to notice and a hearing
With 7.24M Americans out of work in July and payroll growth slowing to an average of 35K jobs a month, the Fed is expected to pivot from fighting inflation to preserving jobs
Trump has attempted to remove Lisa Cook from the rate-setting board over allegations made by the head of FHFA. Cook has denied wrongdoing and said she would continue serving on the board
Investors pushed bond yields and mortgage rates down Friday after Fed chair says policymakers are starting to see unemployment as a bigger risk to the US economy than inflation
'Wall Street Journal' editorial calls Pulte's criminal referral of Federal Reserve governor 'an ominous turn in political lawfare' and warns that 'weaponizing' Fannie and Freddie's federal regulator 'won’t build confidence in America’s institutions or markets'
Existing-home sales increased 2% MOM and 0.8% YOY in July, according to the trade group. Active inventory rose to its highest level since May 2020, tipping the scales toward market balance
The dip is due to a weak July jobs report, a neutral inflation report and home sale prices moving past their peak as fall approaches. Those factors give buyers significant leverage
New York City-based real estate broker and developer Mark O'Brien shares his formula for success on TikTok, where he's amassed 71K followers who follow his rugged renovations
The president asked Cook to resign from her post after FHFA Director Bill Pulte accused her of mortgage fraud. Pulte has leveled similar accusations against other political adversaries
Driving the revised forecast are expectations for slightly cooler economic growth and hotter inflation, which could mean mortgage rates come down a little more slowly
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
At Keller Williams Mega Agent Camp, Co-Founder Gary Keller said the housing market could be in a recession through late 2026, as the economy experiences burgeoning stagflation
Opinion
There are no easy solutions to the sluggish real estate market, team leader Carl Medford writes, and he does not believe slashing interest rates will have the desired effect