From Our Economists
Fed Holds Rates Steady, Waits on Data to Inform Potential September Cut
The Fed held rates steady at its July meeting on Wednesday, as expected, despite dissents from two officials. All options are on the table for
Eliminating Tax on Home Sellers’ Capital Gains Would Have Mixed Results for the Housing Market
President Trump said this week that he is considering removing capital gains tax for home sales. Home sellers who lived in their home for two
September Rate Cut on the Table After Mixed June Inflation Report
Mortgage rates will remain largely unchanged after inflation came in just below expectations in June, leaving the door open for a September Fed rate cut.
Mortgage Rates to Remain Mostly Unchanged After Stronger-Than-Expected Jobs Report
The U.S. added more jobs than expected in June, and the unemployment rate declined despite expectations that it would increase. Mortgage rates may rise slightly
Fed Leaves Rates Unchanged as More Officials Predict No Cuts This Year Amid Economic Uncertainty
Mortgage rates will remain steady after the Fed left rates unchanged at its June meeting, as expected. The Fed maintained a forecast of two rate
Mortgage Rates to Stay Flat After Mild May Inflation Report
A milder-than-expected May CPI report is unlikely to shift mortgage rates because tariff-induced inflation remains a threat and the Fed will continue to hold off
Mortgage Rates Jump Higher After Fed Projects Fewer 2025 Cuts
Editor’s Note: This post was updated to include additional analysis on Thursday December 19 Under the surface, Wednesday’s Fed projection of two rate cuts in
Fed on Course to Cut Rates Next Week After As-Expected Inflation Report
Inflation data came in as expected in November, meaning that mortgage rates will stay steady as the Fed remains on course with market expectations to
Mortgage Rates to Remain Mostly Unchanged After Slightly Cool Jobs Report
A slightly cool, but mostly as expected, November jobs report locks in another 25 bps cut at the Federal Reserve’s December 18 meeting, barring an
2024 Local Election Results Show Voters are Willing to Spend Big on Affordable Housing
The 2024 election results show that voters are willing to greenlight big spending to fund affordable housing. Across the country, cities and states approved hundreds
The Potential Impact of Immigration Policies on Housing
President-elect Donald Trump’s incoming administration plans to “seal the border” and deport millions of undocumented migrants from the United States, starting in 2025. The housing
Today’s CPI Report Shouldn’t Have a Big Impact on Mortgage Rates, But It Increases the Odds of a Fed Rate Cut in December
CPI inflation reported today came in largely as expected. That increases the odds of a December Fed rate cut, but the determining factor will be
