Mortgage Rates
Even though a lot can happen in 37 days, investors appear confident that the Federal Reserve will implement a benchmark interest rate cut at its next policymaking meeting in September. CME Group’s FedWatch tool, which leverages investor moves on the market to put odds on whether the Federal Reserve will stand pat or alter interest…
Prospective homebuyers might have to wait longer for mortgage rates to dip down after the Federal Reserve decided to maintain benchmark interest rates on Wednesday, despite some dissension on the central bank’s board of governors. The move marks the fifth consecutive meeting the Federal Reserve opted against cutting rates. This month’s meeting, however, marked the…
Those hoping to see home prices calm down got a rude awakening last week when the National Association of Realtors clocked record-high listings for June. Nationally, the median sales price for existing homes hit $435,300, marking a 2% increase for the month year-over-year. Meanwhile, the sale of existing homes dipped by 2.7% between May and…
Consumer perception of rising inflation has been growing since the beginning of the year. The tariff tantrums are inflicting far more damage to the US economy than any other country, and the full impact has yet to be felt by US consumers. The new tax bill that just passed the House will raise the federal…
It can be difficult to wrap your head around all the various signals in the housing market these days. What does it mean that new home sales are going up? Prices coming down is a good thing, right? Is the upcoming end of Jerome Powell’s term as chair of the Federal Reserve a big deal?…
