From Our Economists
Markets Await Clues on Fed’s Next Moves as We Enter a Quiet Week For Data Releases
In A Nutshell: The economic calendar is light this week with little new information for markets to chew on. The Fed’s Jackson Hole symposium next
Mortgage Rates to Hold Steady on As-Expected Inflation Report, Dimming Odds of a September Fed Rate Hike
Takeaway: Rates should see little change today following an as-expected inflation report, but a Fed hike in September seems increasingly unlikely. Core inflation came in
Mortgage Rates Could Move This Week as Inflation Data Tests the Fed’s Path
In A Nutshell: Rates remain precarious this week with highly anticipated inflation data coming Wednesday, which could determine if the Fed hikes at their next
Weak July Jobs Report Could Delay Fed Rate Hike, Giving Homebuyers Some Mortgage-Rate Relief
Takeaway: Mortgage rates will see a little relief today on the heels of a weak jobs report that may delay anticipated hikes from the Fed.
Expect Mortgage-Rate Volatility as Oil Prices Drop on Hopes of Iran Peace Talks Ahead of This Week’s Jobs Report
In A Nutshell: Rates drifted higher last week following Fed Chair Warsh’s press conference and could remain volatile as oil prices drop on hopes of
Mortgage Rates Likely to Hold Stead Steady Following July Fed Meeting, But Uncertainty Looms as Fall Approaches
Takeaway: Mortgage rates will largely stay the same for now as the Fed opts against hiking and says little about future plans. There was a
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
