From Our Economists
Today’s Hot Jobs Report is Pushing Mortgage Rates Up, But It Shouldn’t Be
The Fed will look at the big picture–including the fact that rates have already increased so much recently–when considering a November rate hike. At first
Climate Change Pushes Up Home Insurance Premiums
Originally published to Forbes on September 18, 2023. A recent study from PolicyGenius found that quoted homeowner’s insurance premiums increased by 21% nationally from May 2022
4 Ways to Buy Your First Home, Even as Affordability Worsens
Originally published to Forbes on September 12, 2023. For many young Americans, the dream of owning a home feels less like a middle-class milestone and more
How Would a Government Shutdown Impact the Housing Market? Low Demand in D.C., Temporary Dip in Mortgage Rates, Loan Delays
The impact of a federal government shutdown on the economy and the U.S. housing market would likely be small, unless it lasts much longer than
Fed Projects Rates Will Be Higher For Longer, Upping Chance of Elevated Mortgage Rates Into Next Year
The Fed increased projections for 2024 and 2025 rates at its September meeting, though it kept rates unchanged for now. That will likely keep mortgage
The UAW Strike Could Be a Drag on the U.S. Economy: Here’s the Good News and Bad News For the Housing Market
The United Auto Workers strike could hamper U.S. economic growth and potentially encourage the Fed to lower interest rates, which would bring down mortgage rates.
What Homebuyers and Sellers Can Expect This Fall
This was originally published to Forbes on August 29, 2024. The housing market is poised for a dynamic shift this fall, driven by recent declines
Mortgage Rates to Hold Steady as Fed Ponders Mixed Jobs Report
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
Mortgage Rates to Fall After Fed Chair Confirms September Cut
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
Here’s What a Kamala Harris Presidency Could Mean For the Housing Market
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 Expected to Hold Steady on Mild Inflation Reading
A mild inflation reading in July’s CPI report will leave mortgage rates largely unchanged as the Fed is already on its way to cutting rates
Mortgage Rates Fall to 14-Month Low Following Weak Jobs Report
A much weaker than expected job market report pushed mortgage rates down to 6.4%, the lowest level since April 2023. The report showed that the Fed may
