Most homebuyers see a recession ahead. Some are even asking for it
Nearly twice as many Realtor.com visitors say they would be more likely to buy if a recession hits compared to the share who say they'd be less likely to buy if the economy fails, new polling shows
by Matt Carter May 20
Homebuyers out in force for a 2nd week as mortgage rates stabilize
With more homes to choose from, purchase loan applications were up 18% from a year ago last week as buyers forged ahead despite economic uncertainty, MBA lender survey finds
by Matt Carter May 14
Move-up homebuyers drive surge in mortgage loan applications
Purchase loan demand up 11% last week, with 'surprisingly strong' demand from conventional loan borrowers given lingering economic uncertainty, MBA economist Mike Fratantoni says
by Matt Carter May 7
A June rate cut is now seen as off the table as Fed stays put
Job market is 'solid,' and central bank policymakers need time to assess Trump administration's 'substantial policy changes' in areas including tariffs, immigration, taxation and regulations
by Matt Carter May 7
Shrinking economy bolsters the case for a June Fed rate cut
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
by Matt Carter Apr 30
Homebuyers get cold feet as mortgage rates rebound
Mortgage rates are climbing back toward 7% on fears that tariffs could reignite inflation, but Fed Chair Jerome Powell warns policymakers would be challenged if unemployment also rises
by Matt Carter Apr 16
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
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
Fed pauses rate cuts, continues mortgage 'quantitative tightening'
Trump wants the central bank to lower rates. Fed Chair Jerome Powell says he's not spoken to the President, and that 'we don't need to be in a hurry to adjust the policy stance'
by Matt Carter Jan 29
Fannie Mae and Freddie Mac prep for privatization in Trump 2nd term
President Trump has promised to release Fannie Mae and Freddie Mac from its 16-year conservatorship. However, the road to privatization may be more perilous than expected
by Marian McPherson Jan 23
Elevated mortgage rates continue to chill homebuyer demand
Mortgage rates are hovering near a 'key psychological level' of 7%, a likely factor in slow pace of applications for refinance and purchase mortgages, MBA Chief Economist Mike Fratantoni warns
by Matt Carter Jan 22
Fed cuts again, but mortgage rates climb on 2025 inflation worries
Bond market investors who fund most mortgages focus on the latest dot plot, which shows Fed policymakers only expect to bring short-term rates down by half a percentage point in 2025
by Matt Carter Dec 18
5 real estate predictions for 2025 from the NAR economic summit
A remodeling 'supercycle,' heartache for first-time homebuyers and heightened activity in the South and Midwest were among the possibilities at NAR's Real Estate Forecast Summit Thursday
by Marian McPherson Dec 12
Hiring slows and unemployment rises, boosting odds of Fed rate cut
Employers added 227,000 workers to their payrolls in November, but with 7.1 million Americans out of work, the unemployment rate is back up to 4.2%, the Bureau of Labor Statistics reports
by Matt Carter Dec 6
Mortgage rates not expected to budge on latest Fed rate cut
Move was anticipated by investors that fund most home loans, who have been driving up mortgage rates over concerns about inflation and pace of future Fed rate cuts
by Matt Carter Nov 7