Rebenchmarking that suggests the US added 911K fewer jobs than previously thought generates political heat but was widely expected by economists and investors
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
Purchase loan demand slipped last week, but rates are expected to keep falling with unemployed outnumbering job openings in July for the first time since the pandemic
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
Real estate agents' clients were more directly affected by tariff policy in July than in previous months as costs began to stack up for US importers
Homeowners rushed to refinance last week, and lender data shows homebuyer demand for purchase loans is up 17 percent from a year ago with Federal Reserve rate cuts on deck
Home prices are holding up in the Midwest and Northeast, but have come down from a year ago in more than 70% of Western markets and 40% of Southern markets
Tariff uncertainties and job loss worries meant lower rates had a bigger impact last week on refinancing demand than homebuying, Mortgage Bankers Association surveys show
NAHB urges Trump administration to negotiate new softwood lumber agreement with Canada 'that will provide a fair and equitable solution to all parties and eliminate tariffs altogether'
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
With job market stable and the economy chugging along, bets placed by futures market investors suggest the odds of a September rate cut have dropped to less than even
Mortgage rates have stabilized and more inventory is coming online, but applications for purchase loans fell by a seasonally adjusted 6% last week compared to the week before
With Trump's Aug. 1 trade deal deadline looming, new readings on consumer confidence show would-be homebuyers may be getting less fearful that tariffs will tank the economy
New survey of thousands of US consumers by Inman and Dig Insights suggests many homebuyers are spurred to enter an unaffordable market by the assumption that things can only get worse
Windermere Economist Jeff Tucker looks at recent economic indicators to determine if or when interest rates might finally come down