From Our Economists
Today’s Cooler-Than-Expected Inflation Report Will Push Down Mortgage Rates
It’s hot outside, but inflation is cooling. June’s CPI report is good news for the housing market, as it means the Fed is very likely
Climate Experts Explain How to Consider Extreme Weather Threats When Buying a Home This Summer
Redfin’s chief economist and First Street’s head of research give homebuyers advice on how to think about climate disasters, insurance and home values when deciding
Canada Can’t Fix Its Housing Crisis Without a Land Value Tax
This article was co-authored with Floyd Marinescu and was originally published in the Toronto Star on June 22, 2024. Canada faces a housing crisis, with
Soft Jobs Report Increases Chance of Lower Mortgage Rates
Continued cooling in the labor market, as shown in the June jobs report, points to a September rate cut from the Fed as long as
Today’s Fed Meeting May Temper Mortgage-Rate Relief Brought By the Morning’s Cooler-Than-Expected Inflation Data
In their June 12 meeting, the Fed held interest rates steady, and projected one rate cut before the end of the year. Markets had expected
Cooler-Than-Expected Inflation Report Should Bring Homebuyers Some Relief By Pushing Mortgage Rates Down
The May inflation report shows that inflation is continuing to cool, which could be the nudge the Fed needs to set the stage for impending
Expect Mortgage Rates to Remain Elevated and Volatile as as Markets Digest Election Results
Rates are inching down slightly after shooting up before the election—volatility that’s to be expected as investors try to figure out the impact of a
Mortgage Rates to Fall a Little After Weak Jobs Report, But All Eyes on Election
A much weaker-than-expected October jobs report will reverse a very small part of the recent climb in mortgage rates. But they will remain elevated relative
Mortgage Rates Won’t Budge Much After Warmer-Than-Expected CPI Report
A tad warmer-than-expected September inflation report will keep mortgage rates at the levels they’ve risen to since last Friday’s blowout jobs report. With the Fed
Mortgage Rates Jump Higher Following Surprisingly Strong Jobs Report
A much stronger-than-expected September jobs report pushed mortgage rates up from 6.26% to 6.53% today. Debate about Federal Reserve rate cuts will now shift from
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
Mortgage Rates Unlikely to Move Much, Despite Fed’s Decision to Cut Big
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
