Fed tightening likely to produce a 'modest recession:' Economists
Federal Reserve's decision on how high and long to keep rates up 'a major risk over the next year' with question of a downturn more a matter of 'when' than 'if': Fannie Mae
by Matt Carter Jun 26
Fed skips June rate hike, leaves door open to future increases
While Fed policymakers currently see need for 2 more rate hikes this year, some economists think economy will continue to cool without further tightening
by Matt Carter Jun 14
Inflation is falling. So what happens next? Here's what economists say
The impact of high housing costs is expected to fall out of inflation, giving cover for the Federal Reserve to stop raising interest rates for now, economists said. But there are still warning signs
by Ben Verde AND Taylor Anderson Jun 13
It's definitely a seller's market: Buyer sentiment sags in poll
With home prices propped up by scarce inventory and mortgage rates showing few signs of easing, only 19% of Americans surveyed by Fannie Mae thought May was a good time to buy
by Matt Carter Jun 9
Mortgage rates ease but fail to revive homebuyer demand
Some Fed policymakers say even if they skip hiking rates next week to assess the latest inflation data, that doesn't mean they're ready to pause altogether
by Matt Carter Jun 7
Mortgage rates ease on debt deal, but jobs report fuels inflation fears
Friday's strong jobs report renews worries that the Federal Reserve is not done hiking rates to combat inflation as policymakers face June 14 decision to 'hike, skip or pause'
by Matt Carter Jun 2
A squad of economists is waging a stealth war on America's '30% rule'
The Brooke Amendment — a law otherwise known as 'the 30% rule' that has shaped US housing policy since the 1960s — is in the crosshairs as spending on real estate soars to record heights
by Marian McPherson May 31
'Inflation is still running too high': Homebuyers stunned by rate surge
Requests for purchase loans were down last week by 31% from a year ago as rates rose to a 2023 high and homes remained scarce, according to the MBA's Weekly Mortgage Applications Survey
by Matt Carter May 31
Mortgage rates hit new 2023 high on debt ceiling, inflation worries
For bond market investors who provide the funding for most U.S. mortgages, the debt ceiling crisis won't be over until Congress actually votes to approve the deal negotiated over the weekend
by Matt Carter May 30
Homebuyers flinch as mortgage rates ascend toward 2023 highs
Purchase loan applications fell by a seasonally adjusted 4% last week as mortgage rates surged on debt ceiling and inflation worries, according to a survey by the Mortgage Bankers Association
by Matt Carter May 24
Rent peaked where it matters most. Here's what happens next
Federal inflation data showed rent inflation dropped in April, about a year after rent growth rapidly slowed. Three economists explain why it took so long for that to happen and what it all means
by Taylor Anderson May 23
Housing is outperforming, but recession may still be in the cards
Fannie Mae economists say 'extraordinarily tight' inventories of existing homes driven by mortgage lock-in effect has shifted demand toward new homes
by Matt Carter May 19
Mortgage demand slips with homebuyers wary of rate volatility
Rise in mortgage rates defies expectations as unusually wide 'spread' between 10-year Treasury yields and mortgages reflects investor fears of another refi wave
by Matt Carter May 17
Consumers finally get it: Mortgage rates are probably going down
More optimistic outlook of where mortgage rates are headed over the next 12 months drives the largest increase in Fannie Mae's Home Purchase Sentiment Index in more than 2 years
by Matt Carter May 12
Inflation rises during April but continues to cool
The all items index increased 4.9% for the 12 months ending April, the smallest 12-month increase since the period ending April 2021, according to the Consumer Price Index Summary
by Ben Verde May 10