The Federal Reserve's policy shift depressed homebuyer and homeseller activity in January, according to Redfin. New and active listings both fell from December levels
MBA lender survey shows applications from homebuyers are down 12% from a year ago, as mortgage rates continue to rebound from December lows on stubborn inflation data
After picking up during the first 3 weeks of January, MBA lender surveys show applications for purchase loans are contracting, with mortgage rates no longer in free fall from 2023 highs
Consumer sentiment toward housing increased to the highest level in nearly 2 years in January, with a record number expecting mortgage rates to come down in the year ahead: Fannie Mae
Employers added 353,000 workers to their payrolls in January, a 'head scratching' jobs report from the Labor Department that kills prospects for a March rate cut 'stone dead,' economist says
Chair Jerome Powell says a rate cut at the central bank's next meeting is not 'the base case,' with policymakers wanting to see more data showing inflation is on a sustainable path down to 2%
Firming up of mortgage rates finally catches up with homebuyer demand, with applications for purchase loans falling by a seasonally adjusted 11% last week, MBA survey shows
Purchase mortgage applications surge by 8% as homebuyers seeking to take advantage of recent decline in rates get an early jump on the spring homebuying season, MBA lender survey shows
Fannie Mae economists no longer expect a recession in 2024 and are considerably more optimistic that mortgage rates have additional room to come down below 6%
The trend could bode well for the spring homebuying season, the Mortgage Bankers Association said Wednesday, but Federal Reserve policymakers may take their time before cutting rates
Futures markets still hold out hope for a March rate cut, even as annual inflation increased to 3.4% in December, moving away from the Fed's 2% goal for the first time since September
Demand for purchase loans picked up last week as would-be homebuyers took advantage of rates that are still a full percentage point lower than 2023 highs, MBA lender surveys show
Does the rapid slowdown in the economy mean a recession is now inevitable in the new year, or is a 'soft landing' still possible? Economists are divided on the nation's economic outlook for 2024
Recent decline in rates is 'some cause for optimism,' but requests for purchase loans are still down 12% from a year ago, latest MBA lender surveys show
While Federal Reserve policymakers had forecast 3 rate cuts next year, futures markets see an 85% chance of at least 6 rate cuts after a key inflation metric shows the economy is cooling rapidly