Fed policymakers will slow the pace of 'quantitative tightening' — an unwinding of the central bank's $7T balance sheet — to $40B a month, less than half the pace envisioned 2 years ago
With a key inflation report due Friday, rates have retreated to levels not seen in 2 weeks after Fed Chair Jerome Powell signals central bank could ease up on 'quantitative tightening'
In addition to anticipating 3 rate cuts this year, Federal Reserve policymakers are considering whether to taper the pace at which they unwind the central bank's $7T balance sheet
'Quantitative tightening' — the Federal Reserve's moves to trim $35B in mortgages from its balance sheet each month — could keep mortgage rates from falling dramatically this year
Chair Jerome Powell says a rate cut at the central bank's next meeting is not 'the base case,' with policymakers wanting to see more data showing inflation is on a sustainable path down to 2%
MBA, NAR and NAHB warned in a joint letter Monday that uncertainty over the Federal Reserve's next moves is disrupting the housing sector and threatens to send the US economy into a tailspin
Economists are scratching their heads, and housing industry leaders are venting their frustrations as mortgage rates continue a relentless climb to new heights not seen in more than 2 decades
Mortgage rates are climbing back toward 2023 highs as more inflation data comes in hot, spurring fears of another Federal Reserve rate hike in November and 'higher for longer' policy
It's not just regional banks but larger lenders, such as JPMorgan and Bank of America facing uncertainty if interest rates stay higher for longer, analysts at Fitch and Moody's said
Without adjustment for seasonal factors, demand for both purchase loans and refinancing remains at their lowest levels since 2000, according to MBA lender survey
High mortgage rates, challenging affordability and a gloomier economic outlook are keeping buyers on the sidelines, Mortgage Bankers Association forecaster Joel Kan said
After bond market sell-off Friday and Monday, investors take Fed's 75 basis-point rate hike in stride. 'The Fed managed to hint at today's move,' said the COO of 1 capital markets advisory firm
Aggregate demand for mortgages, both purchase and refinancing, at lowest level since December 2018, as bottom falls out of refinancing market