From Our Economists
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,
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.
Disappointing Inflation Report Increases Odds of a November or December Rate Hike
The Fed remains unlikely to hike rates at next week’s policy meeting The latest inflation report on consumer prices in August came in a hair
Nepo-Homebuyers: 40% of Under 30s Received Family Money for Down Payment
Originally published to Forbes on August 21, 2023. An eye-popping 38% of recent homebuyers under age 30 used either a cash gift from a family member
September Rate Hike Increasingly Unlikely After This Week’s Jobs Report
The August jobs report keeps the probability of the Fed hiking interest rates in September very low. That could be promising for homebuyers watching for
Here’s Why Mortgage Rates Are Still So High Despite All the Good News on Inflation
Despite the fact that promising inflation data has led to expectations that the Fed will cut interest rates soon, mortgage rates remain above 7%. That’s
