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
Demand for purchase loans has picked up in 5 of the last 7 weeks as mortgage rates continue a dramatic retreat from October highs on expectations of Fed rate cuts
Ahead of Inman Connect New York in January, the Brown Harris Stevens CEO shared with Inman her tips for navigating challenging economic terrain and what she's looking forward to at ICNY
Federal Reserve policymakers anticipate 3 rate cuts by the end of next year, but investors and some economists think the central bank may cut faster and harder, with relief by spring
Demand for purchase mortgages has picked up in 5 out of the past 6 weeks, and applications to refinance have roared back, jumping 27% from a year ago, MBA survey shows
The Consumer Price Index rose only 0.1% between October and November, 3.1% higher than a year earlier, suggesting interest rates will hold steady at this week's Federal Reserve meeting
Employers added 199,000 workers to their payrolls in November, a sign that the economy may achieve a soft landing but making Fed spring rate cuts less likely
Fannie Mae economist warns that, while mortgage rates have retreated, the primary drivers of housing pessimism are persistent affordability challenges and worries about household finances
Mortgage rates keep falling after Powell tries to deflate expectations for the spring rate, as 3 new reports released this week suggest the economy is, in fact, losing steam
Rates keep falling as fresh data pours in, with investors who fund most mortgages still convinced the Federal Reserve will begin lowering rates in the spring to avoid strangling the economy
Demand for purchase loans picks up for 4th consecutive week, and bond market investors are pushing rates lower on hopes for Fed easing as inflation subsides
Two closely watched forecasts agree that mortgage rates have probably peaked, but the MBA and Fannie Mae diverge sharply on how quickly they'll come down over the next 2 years
Requests for purchase loans were up 4% last week compared to the week before, but down 20% from the same time a year ago, Mortgage Bankers Association's weekly survey of lenders finds