Advance GDP reading suggests the economy shrank by 0.3% during Q1, as a rush by businesses to import goods before tariffs took hold and government spending cuts dented growth
Economic uncertainty, rate volatility and mounting worries about the labor market are reducing the pool of potential buyers, putting a damper on the spring homebuying season
Demand for purchase mortgages has been stronger than a year ago for more than 2 months as mortgage rates stay well below 2025 highs seen in January, MBA lender surveys show
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
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
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
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
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
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
Investors bid up shares of mortgage lenders and real estate companies after 'relatively benign' CPI report ends speculation that inflation worries might force the Fed to raise rates this year
With mortgage rates back to where they were last summer, purchase applications are coming in at the slowest pace since February 2024, Mortgage Bankers Association lender survey finds
Requests for purchase loans picked up last week during a short-lived drop in rates, MBA survey shows, helped by gradually improving inventory conditions and economic outlook
The latest CPI reading is in line with expectations, but progress in the fight against inflation has stalled, economists warn. A slower pace of easing might keep mortgage rates above 6% in 2025
Purchase mortgage demand picks up for the 4th week in a row to highest level since January as rates continue a post-election retreat that could have legs: MBA survey
Applications for purchase loans jumped 12% week over week and 52% from a year ago as rates dropped to 6.86%, according to a weekly survey of lenders by the Mortgage Bankers Association