January Shows More Job Gains; Rate Cuts Likely ‘On Hold’
Total nonfarm payrolls increased by 143,000 in January, while the unemployment rate ticked down slightly to 4%, the U.S. Bureau...
Economy
Here’s What Moves Mortgage Rates—and Why It’s Not Always the Fed
When the Federal Reserve raises or lowers its benchmark interest rate, many people expect mortgage rates to follow suit. But...
Tariffs, Likely to Be ‘Inflationary,’ Face Uncertain Future
On Sat., Feb. 1, President Donald Trump imposed previously promised tariffs, implementing a 25% tax on imported goods from Mexico...
Fed Governor Cautions Against Early Rate Cuts, Defends Community Banks
At the New England CEO Summit today, Federal Reserve Governor Michelle W. Bowman warned against cutting rates too often, and...
Fed’s Preferred Inflation Gauge Rose Again at the End of 2024
The Federal Reserve declined to cut interest rates any further at its latest meeting—and the Fed’s preferred inflation metric now...
Consumer Confidence Continues Slide, Remains Above Recession Line
Consumer confidence continued to slide down in January, according to data from The Conference Board, however, experts feel the downtrend...
Mortgage Rates See Slight Reversal, Trending Down
In a slight reversal of the past month’s trends, the average 30-year mortgage rate decreased from its average last week...
Forward-Looking Economic Index Reads Flat, but ‘Fewer Headwinds’ in 2025
The Conference Board Leading Economic Index (LEI), which measures indicators of significant turning points in the business cycle and where...
Little Change in Mortgage Applications This Week
Mortgage applications barely increased this week amid lingering high mortgage rates, but the increase was enough to push home purchase...
America’s Housing Affordability Crisis: Perspectives From the New York Fed Event
Housing affordability remains a main concern—not just for individuals looking to buy their first home, but for the broader economy,...
Frozen Lockboxes: Tools and Strategies for Deicing Before a Showing
A truly blistering winter can freeze up locks, both lockboxes and locks on the doors themselves, so it can pay off to have a fast-acting solution. Read more.
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