From Our Economists
December’s Inflation Report Unlikely to Impact Mortgage Rates
Consumer prices rose slightly more than expected to close 2023, but the news shouldn’t move mortgage rates much or impact the overall housing market. The
Latest Jobs Data Makes March Rate Cut Slightly Less Likely
A look below the surface reveals a less-hot picture of the late-2023 labor market than the hot December jobs headline suggests. The latest jobs report
Today’s Fed Meeting Brings Good Vibes For Homebuyers, Pushing Mortgage Rates Below 7% For First Time Since July
The Fed’s forecast that it will cut interest rates three times in 2024, up from a previous projection of two times, is already helping with
Promising Inflation Report Makes It Less Likely Buyers Will See an 8% Mortgage Rate Anytime Soon
Serious homebuyers should be on the lookout for a good time to lock in a lower mortgage rate–and now could be that time. The October
Rates are Falling on News of a Softening Job Market. Now May Be a Good Time to Lock in a Mortgage.
The latest labor-market report closes out a week of good news for mortgage rates. The October jobs report shows slower-than-expected growth in the labor market,
Economic Events Are Pushing Mortgage Rates Down … For Now. Homebuyers May Want to Lock in a Rate This Week.
The U.S. treasury announced they’re going to issue less long-term debt than expected and the Fed held interest rates steady. Those two events brought rates
Redfin Economists’ Weekly Take: Iran War Drives Rate Volatility
This Week In A Nutshell: The Iran War continues to fuel market volatility as it enters its fourth week, particularly as the White House signals
Escalating Iran War, Rising Oil Prices, Fed Uncertainty Push Mortgage Rates to 6-Month High
The daily average mortgage rate rose to a six-month high of 6.53% on March 20. Mortgage rates are jumping because the Iran war is escalating,
Mortgage Rates Could Nudge Slightly Higher As Fed Holds Rates Steady, Flags Inflation Risk
The Fed left interest rates unchanged at its March 18 meeting, as expected, amid the backdrop of the Iran war, which is contributing to a
Redfin Economists’ Weekly Take: Rates Will Jump Around As Markets Weigh Iran War and Fed Outlook
This Week In A Nutshell: We’re expecting rates to continue bouncing around this week, as the Middle East conflict continues into its third week with
Methodology: Inventory Impact of Phased Marketing
This methodology accompanies Redfin’s report about how letting home sellers test the market before officially listing could boost housing supply. Every year, many homeowners are
Mortgage Rates Jump to Six-Month High as Inflation Fears, Iran War Rattle Markets
Today’s rate increase is due almost entirely to inflation jitters. The daily average mortgage rate jumped to a six-month high of 6.41% on March 13,
