Commission suits, interest rates, C-suite departures: Inman Top 5
Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers
by Dani Vanderboegh Dec 15
Mortgage rates poised to drop as Fed projects 3 cuts
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
by Matt Carter Dec 13
Mortgage rates edge up on surprisingly strong jobs report
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
by Matt Carter Dec 8
How low can they go? Mortgage rates back under 7% this week
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
by Matt Carter Dec 6
Fed Chair Powell's attempt to deflate rate-cut expectations flops
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
by Matt Carter Dec 1
Mortgage rates post biggest 1-day drop since onset of the pandemic
Tuesday's big drop in rates followed an encouraging inflation report, with bond market investors now convinced the Federal Reserve is done hiking rates and may reverse course in the spring
by Matt Carter Nov 15
Mortgage rates inch back up after Powell warns Fed could hike again
Speaking at an IMF research conference, Powell said the Fed is committed to raising rates as high as needed to bring inflation down, and 'we are not confident that we have achieved such a stance'
by Matt Carter Nov 13
Fed pause could revive demand for mortgages as rates reverse course
Demand for purchase mortgages hit the lowest level since 1995 last week, but relief could be in sight after Federal Reserve policymakers elected not to hike short-term rates on Wednesday
by Matt Carter Nov 2
Mortgage demand slips again as rates continue relentless rise
Loan applications slip to lowest level since 1995 as mortgage rates climb for the 7th week in a row, according to a weekly survey of lenders by the Mortgage Bankers Association
by Matt Carter Oct 25
Mortgage rates ease after Powell weighs in on impacts of tightening
The Fed chair acknowledged that elevated term premiums — higher rates of return bond investors are demanding to compensate them for risk — could reduce the need for further rate hikes
by Matt Carter Oct 20
Housing groups including NAR float wonky idea to cut mortgage rates
NAR united with lending groups on Thursday to urge the Fed to maintain its current mortgage holdings in order to narrow a wide 'spread' between 10-year Treasurys and rising mortgage rates
by Matt Carter Oct 13
Bond yields soar again on Fed governor's hawkish remarks
Fed Governor Michelle Bowman warns bankers that she thinks the Fed may need to hike rates more than once and keep them high next year to get inflation under control
by Matt Carter Oct 2
Surprisingly strong jobs report sends interest rates soaring
Drop in unemployment claims on the heels of hawkish Fed warnings sends 10-year Treasury yields soaring to a 15-year high, with mortgage rates likely to follow
by Matt Carter Sep 21
Fed stays put but is prepared to hike rates one more time this year
Treasury yields, a barometer for mortgage rates, barely budged Wednesday as bond market investors look ahead to next year when the Fed is expected to start bringing rates back down
by Matt Carter Sep 20
Inflation ticks up 0.6%, boosted by 'outsized' housing costs
The Consumer Price Index increased 0.6% in August, faster than the July rate of 0.2%, according to data released Wednesday by the Bureau of Labor Statistics
by Ben Verde Sep 13