Applications for purchase mortgages drops for a 5th consecutive week to the lowest level since October as mortgage rates continue to hover above 6%, MBA lender surveys show
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
The 9-3 split vote reflects differing views on whether the central bank's biggest worry is inflation or rising unemployment, with data lagging after the government shutdown
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
Demand for purchase loans hit a new 2025 high last week after adjusting for the holiday, with mortgage rates near a low for the year and a Dec. 10 Fed rate cut on tap
Applications for purchase mortgages hit a seasonally adjusted 2025 high last week, with FHA, VA, and USDA applications for less pricey homes driving the surge, MBA lender survey shows
Fannie Mae forecasters are predicting mortgage rates will fall below 6 percent by the end of next year. Economists at the Mortgage Bankers Association don't see rates coming down at all.
After hitting a 2025 low on Oct. 28, mortgage rates continue to rise as hopes dim for a December Fed rate cut. Futures market investors see only a 34% chance of a Dec. 10 rate cut.
Rebounding mortgage rates didn't stop buyers from shopping for deals last week, with requests for purchase loans up 6% last week compared to the week before and 31% from a year ago
Mortgage rates hit a new 2025 low of 6.12 percent on Oct. 28, but have been on the rise after Fed Chair Jerome Powell said there's no guarantee the Fed will cut rates for a third time in December
MBA forecasts rates will probably stay right where they are now in 2026, as investors have already priced in future Fed rate cuts. But look for 3 years of steady growth in home sales ahead
Investors seeking safety in bonds and mortgage-backed securities can bring rates down. Yields on 10-year Treasurys fell 4 basis points on first day of shutdown
Recent Trump appointee Stephen Miran was the lone dissenter in Wednesday's 11-1 vote, holding out for a bigger, 1/2 percentage point rate cut advocated by the president
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
Applications for purchase mortgages hit their highest level since July last week, and rates keep falling as weak jobs reports and more encouraging inflation data point to Sept. 17 Fed rate cut