Mortgages
Hopes that home sales would really pick up next year alongside a steady decrease in mortgage rates are growing more sober following another revised forecast by Fannie Mae. For the second month in a row, the government-backed lender’s economic research group toned down its expectations for home sale activity in 2026. In September, a 9.2%…
The latest federal shutdown started at midnight on October 1, setting up an open-ended game of chicken between Republicans and Democrats on Capitol Hill. Reports currently suggest this shutdown won’t be super brief (some previous shutdowns stretched only hours to a few days). The last one dragged on for more than a month. Political calculations…
Despite all the talk about how high mortgage rates have been, they’ve actually been creeping down this year. That being said, borrowers in some states enjoyed steeper decreases than others. Unfortunately for prospective homebuyers in Texas, the Lone Star State came in near the bottom of the barrel. A recent WalletHub ranking of mortgage rate…
The Federal Reserve lowered the benchmark interest rate for the first time in nine months on Wednesday, offering a glimmer of hope to homebuyers and industry professionals who have been waiting on the central bank to make things easier on borrowers. Federal Open Market Committee (FOMC) members voted 11-1 to implement a quarter basis point…
By Jonathan MillerSpecial Contributor Mortgage rates have been sliding, thanks to the newly realized economic damage of the US tariff policy via the very weak jobs market. It’s been a short while since I spoke about the US efforts to promote a tariff policy that lacks even a basic understanding of what a tariff is, a tax on the US consumer. The US…
