Mortgage Rates Are Unlikely to Fall Much Further, Even With the Fed’s Upcoming Rate Cuts
Mortgage rates fell from over 7% to 6.1% over the summer, as markets anticipated the Fed’s September 18 interest-rate cut. Now that the cut has
Chen Zhao is the head of economics research, where she produces research on the housing market for public and internal audiences.
Previously, she was an executive director leading housing finance and financial markets research at the JPMorgan Chase Institute. Prior to joining JPMCI, Chen was an economics consultant at Analysis Group, Inc., where she worked on financial litigation cases and led teams conducting health economics and outcomes research on behalf of pharmaceutical companies.
While in graduate school, Chen was with the Center for Economic Studies and the Social Economic and Housing Statistics Division at the US Census Bureau, where she conducted applied microeconomics research using large scale restricted-access linked survey-administrative data. She started her career at the White House Council of Economic Advisers, where she focused on labor and health economics.
Mortgage rates fell from over 7% to 6.1% over the summer, as markets anticipated the Fed’s September 18 interest-rate cut. Now that the cut has
The Fed split the difference, relative to market expectations, by cutting rates by 50 bps today, but projecting only more gradual cuts from here on
A touch-hotter-than-anticipated August CPI report nudges the Fed toward a 25 bps rate cut at its meeting next week. However, inflation remains cool enough that
A glass half-full/half-empty August jobs report failed to point the Fed clearly to a 25 or 50 bps cut on September 18. Rates will stay
Federal Reserve Chair Jerome Powell told the central bank’s annual gathering on Friday that “the time has come for policy to adjust,” all but confirming
Democratic presidential nominee Kamala Harris unveiled a plan that promises to combat the housing affordability crisis, and boost supply and demand. Harris’s plan is appealing,
Mortgage rates fell from over 7% to 6.1% over the summer, as markets anticipated the Fed’s September 18 interest-rate cut. Now that the cut has
The Fed split the difference, relative to market expectations, by cutting rates by 50 bps today, but projecting only more gradual cuts from here on
A touch-hotter-than-anticipated August CPI report nudges the Fed toward a 25 bps rate cut at its meeting next week. However, inflation remains cool enough that
A glass half-full/half-empty August jobs report failed to point the Fed clearly to a 25 or 50 bps cut on September 18. Rates will stay
Federal Reserve Chair Jerome Powell told the central bank’s annual gathering on Friday that “the time has come for policy to adjust,” all but confirming
Democratic presidential nominee Kamala Harris unveiled a plan that promises to combat the housing affordability crisis, and boost supply and demand. Harris’s plan is appealing,