Initial unemployment claims hit highest level since September, and Federal Reserve Chair Jerome Powell warns official data could be overestimating job creation by up to 60K jobs a month
While a Dec. 10 Federal Reserve rate cut is now seen as a lock, MBS investors who fund most home loans aren't as bullish that the central bank will cut rates aggressively in 2026
In this exclusive series on Inman, Windermere’s Principal Economist Jeff Tucker looks at employment data, housing market stats and affordability indicators
After the Federal Reserve approved the second rate cut of the year, mortgage rates moved in the opposite direction as investors who fund most home loans worry about inflation
Initial jobless claims climbed last week to the highest level since Oct. 23, 2021, but investors and economists are expecting 3 small rate cuts this year rather than a dramatic move on Sept. 17
Investors who fund most home loans are no longer wondering whether the Fed will cut rates this month, but by how much. At least 3 quarter-percentage point rate cuts are now expected this year
Investors pushed bond yields and mortgage rates down Friday after Fed chair says policymakers are starting to see unemployment as a bigger risk to the US economy than inflation
Trump announces new tariffs on dozens of countries beginning Aug. 7, fires BLS commissioner after revised jobs report shows dramatic slowdown in payroll growth in May and June
Applications for purchase loans fell 5% last week as rates climbed to highest level since February over concerns about inflation and growing government debt
Moody's Ratings is last credit agency to strip US of its most favorable debt rating over concerns that Congress and 'successive US administrations' have failed to tackle annual budget deficits
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
Stocks rebounded and pressure on interest rates eased after Trump announced a 90-day pause on country-specific 'reciprocal tariffs' with the exception of 125% duties on China
Heightened fears of a trade war and recession have investors convinced the Fed will start cutting rates again in June, a sentiment that gives mortgage rates more room to come down
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
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