Blowout January jobs report has mortgage rates surging again
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
by Matt Carter Feb 2
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
Big drop in mortgage rates as unemployment hints at recession
After breaching 8% in mid-October, 30-year fixed mortgage rates have plummeted to levels not seen since September as more investors expect Fed policymakers to lower rates in the spring
by Matt Carter Nov 3
Latest jobs numbers could be nail in the coffin for interest rate hikes
Mixed payroll and unemployment report sends long-term interest rates surging, but some analysts say the latest numbers reduce the odds of a September Fed rate hike
by Matt Carter Sep 1
What down market? Payrolls are just fine in the brokerage world
Home transactions may be down, but you wouldn't know it from most brokerage payrolls. Real estate hiring churned along in July, according to new data from the US Bureau of Labor Statistics
by Daniel Houston Aug 4
Pending home sales trend up for first time since last spring
In a positive sign for the real estate industry — and the spring homebuying season — pending home sales rose in December for the first time since May 2022, increasing 2.5% from November
by Lillian Dickerson Jan 27
Homes could get more affordable even if prices don't come down
Homebuyer affordability could improve by 9% by the end of next year if mortgage rates continue to fall and home prices plateau as expected, First American economist predicts
by Matt Carter Dec 27
Home price growth stays strong for now — but the future is murky
After forecasting housing price declines of approximately 0.3% this year, experts have adjusted those predictions this quarter to reflect an increase in prices by 3.7%
by Lillian Dickerson Sep 24
Making sense of the headlines: Why is there a housing shortage?
Opinion
The 4 major factors are land, labor, material costs and regulatory fees
by Matthew Gardner Apr 21
Fed puts interest rate hikes on hold
Interest rates will stay between 2.25% and 2.5%, thanks to a healthy economy
by Marian McPherson Jan 30