More Inflation Data Supports Rate Cuts, but ‘Alarm Bells’ Over Timing
The Federal Reserve’s preferred measure of inflation showed an annual gain of 2.5% in July, within striking distance of the ...
Tag: Mortgage Rate Increases
Broker Confidence Slides Alongside Higher Rates and Hesitant Consumers
Leaning into the stiff headwind of 7% mortgage rates and facing the prospect of more turbulence from the macroeconomy, brokers ...
Confidence in 2024 Surges as Brokers Shake Off Winter Blues
We’re still in the throes of winter, mortgage rates are still more than double what they were during 2020-21, and ...
Fed Requires ‘Continuing Evidence’ of Inflation Decrease Before a Rate Cut
As expected, the Federal Reserve indicated that rate cuts aren’t in proximity unless there is “continuing evidence” revealing inflation is ...
Fed Governor Offers Optimistic View of Rate Cuts, Economy in 2024
In a speech sponsored by the think tank Brookings Institution, Federal Reserve Governor Chris Waller said he feels more confident ...
Mortgage Mix: Government Shutdown Looms; DOJ Wins Redlining Case
-With a potential government shutdown looming this weekend, mortgage lenders are preparing for potential disruptions, mostly affecting transactions that require ...
Fed Pauses, But Projects Higher Rates Next Year
For just the second time in 19 months, the Federal Reserve chose today to meet without raising interest rates, leaving ...
Inflation Nudges Up, Adding to Rate Worries
The latest report on Personal Consumption Expenditures (PCE) showed prices climbing by 0.3% from last month, an expected but still ...
Inflation Ticks Up—Is It a Blip or a Warning?
For the first time in almost a year, the Consumer Price Index (CPI) tracked a month-to-month increase in headline inflation, ...
Seller Shortage ‘Plateaus’ Ahead of ‘Unseasonable’ Fall Activity
For buyers’ agents wondering where all the listings are, or listing agents struggling to find clients, there is some potentially ...
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