Homebuyers respond as mortgage rates hover near 2025 lows
Purchase loan requests are up 7% from a year ago, as loosening housing inventory and a pullback in mortgage rates presents FHA buyers with more opportunities: MBA survey
by Matt Carter Mar 26
Surprise Fed move takes some pressure off of mortgage rates
Central bank dials back Treasury rolloffs but is not ready to cut short-term interest rates, as Fed policymakers indicate they're more worried about inflation than they were in December
by Matt Carter Mar 19
Inflation, job worries drive 'horrific' consumer confidence report
Republicans are less worried about the future than Democrats and Independents, but 'consumers from all 3 political affiliations are in agreement that the outlook has weakened since February'
by Matt Carter Mar 14
Encouraging CPI inflation report does little for mortgage rates
Homebuyers have responded to a pullback in mortgage rates from January highs, but tariffs on imported goods could keep inflation elevated and halt the downward trend in rates
by Matt Carter Mar 12
Weak February jobs report moves the needle on mortgage rates
Mortgage rates eased Friday as investors took stock of new data showing employers added 151,000 workers to their payrolls in February and the unemployment rate ticked up to 4.1%
by Matt Carter Mar 7
Homebuyers and homeowners jump on big drop in mortgage rates
Requests to refinance surged 37% last week and were up 83% from a year ago after the biggest 1-week decline in mortgage rates since November, the MBA's latest weekly lender survey shows
by Matt Carter Mar 5
Agents are less confident about client pipelines, but positive overall
Early results from February's Intel Index survey show agents pulling back slightly from confidence they had in recent months about buyer and seller client pipelines improving in the next year
Inflation is cooling. But is the economy about to crash?
After moving in the wrong direction for 3 months, annual inflation cooled to 2.5% in January. But the biggest drop in consumer spending since 2021 has 1 model predicting a shrinking economy
by Matt Carter Feb 28
Trump signals tariffs on Canada, Mexico will take effect March 4
There's rising anxiety among investors and consumers about the potential impacts of a trade war, surveys show, with stock prices and bond yields retreating as March 4 deadline looms
by Matt Carter Feb 25
Mortgage rates seen as staying higher for longer as Fed pauses
Economists and bond market investors have been surprised by the continued strength of the economy, and are wary of the potential for tariffs, tax cuts and deportations to reignite inflation
by Matt Carter Feb 21
Mortgage rates in retreat as investors weigh Trump's approach
After surprise inflation report, Trump administration says the Fed's interest rate decisions will be exempt from its attempt to exert more control over independent federal agencies
by Matt Carter Feb 19
Mortgage rates climbing again on hot CPI report, Powell testimony
Trump calls for lower interest rates after release of January CPI report. Powell says Fed is in no hurry to cut rates, and bond market investors who fund mortgages are taking him at his word
by Matt Carter Feb 12
Steel and aluminum are President Trump's latest tariff targets
Homebuilders already sounding the alarm on the potential impact on housing costs if Trump follows through on threats to impose duties on Canadian wood and Mexican gypsum
by Matt Carter Feb 10
Anxiety over mortgage rates, rent and home prices begins to mount
Inflation expectations surged after President Donald Trump announced plans to impose tariffs on goods from China, Canada and Mexico, a new University of Michigan survey of consumers finds
by Matt Carter Feb 10
Pullback in mortgage rates spurs refis but not purchase loans
Requests to refinance were up 12% week over week and 17% from a year ago last week after rates for 30-year fixed-rate loans pulled back to the lowest level in 6 weeks
by Matt Carter Feb 5