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
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