From Our Economists
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
Soft September Jobs Report May Give Fed Reason to Pause Rate Hikes, Slowing Ascent of Mortgage Rates
Takeaway: A soft jobs report may finally offer some relief for mortgage rates, or at least help to stem the march upward. Jobs data is
Mortgage Rates Jump as Markets Price in More Fed Rate Hikes
In A Nutshell: Mortgage rates have shot up as a number of economic concerns come together in a perfect storm. There’s little on the horizon to
In the Aftermath of Last Week’s Rate Hike, Fed Officials Will Speak This Week
In A Nutshell: A light economic calendar this week means the focus will be on digesting last week’s Fed meeting, and on any geopolitical developments.
Mortgage Rates Are Likely to Stay High as Fed Hikes Rates and Signals More to Come
Takeaway: The Fed hiked by 25 bps as expected and officially projected another hike this year, but Chairman Warsh’s remarks suggest more may be on
Markets Have Priced in a Fed Rate Hike This Week, But The Economic Case Is Far From a Slam Dunk
In A Nutshell: After last week’s inflation data, markets are almost certain a Fed rate hike is coming this Wednesday, but the economic case is
Why Homebuyers Have More Negotiating Power Right Now
Homebuyers have something they haven’t had much of in recent years: leverage. There were nearly 58% more home sellers than buyers in August—the biggest gap
