Rates are on the rebound again as investors weigh how Federal Reserve policymakers will view a strong June jobs report and the Trump administration's threats to impose new tariffs in August
Fannie Mae survey echoes polls by the University of Michigan and the Conference Board that found uncertainty over Trump administration's tariff policies is weighing on consumer confidence
The report beat analyst expectations by 37K jobs, curtailing hopes of a short-term rate cut in July. Economists say rates will likely stay elevated, keeping homebuyers sidelined
Requests to refinance are up 40% from a year ago, but uncertainty 'continues to hold homebuyers out of the market,' Mortage Bankers Association economist Joel Kan said Wednesday
Bill Pulte made his pitch in a statement on Wednesday. The FHFA director and President Donald Trump have been trying to pressure Powell to resign amid high interest rates
Hopes that home sales will pick up may hinge more on additional inventory coming onto the market, which is expected to cool or reverse home price gains, economists say
As negotiations continue, 2 closely watched surveys show Americans remain concerned that the US could soon face the dual challenge of an economic slowdown and an increase in inflation
As Federal Reserve policymakers await more data confirming that inflation has been tamed, futures markets put the odds of a September rate cut at 90%, up from 64% a week ago
Economists typically keep their eyes out for 3 key things when assessing whether a Middle East conflict could weigh on U.S. home sales. Here's what they are
The chair of the Federal Housing Finance Agency, Fannie and Freddie has spent the past day calling on Powell to step down, saying he’s responsible for high home prices
Overseas investors hold about $1.36T in US mortgage debt, with Japan, China, Taiwan and Canada accounting for 61% of that total. South Korea ranks 10th with $36.5B invested
Purchase loan applications soared 10% last week to the highest level since April, even though rates have been stuck in the high 6s, the Mortgage Bankers Association reported Wednesday
The Consumer Price Index rose 2.4% year over year, slightly above April's 2.3% increase. Month over month, prices edged up just 0.1%, compared to 0.2% in April
An estimated 7.24M Americans were unemployed in May, as hiring by private employers slowed to slowest pace since October and the federal government continued to shrink its payroll
While purchase loan demand was still up 18% last week from a year ago, some of that demand may not translate into sales after unusual bump in cancelled purchase contracts