The Senate Banking Committee would shut off the Consumer Financial Protection Bureau’s funding stream from the Federal Reserve to provide the vast majority of deficit reduction in reconciliation provisions released Friday. The panel posted an eight-page text that would restrict the CFPB from requesting a transfer from the Fed, according to a section-by-section explanation of
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The 30-year conforming rate has been relatively volatile since the start of the year, but its low point for 2025 came on April 11 when it reached 6.69%. That’s a higher number than many consumers and mortgage professionals would like, although home sales and mortgage demand are up from one year ago. Fed’s Waller on
Piggybacking on previous comments from President Donald Trump, Federal Housing Finance Agency (FHFA) Director Bill Pulte said on social media that “Jay Powell needs to lower interest rates — enough is enough. President Trump has crushed Biden’s inflation, and there is no reason not to lower rates. The housing market would be in much better
Markets hate volatility. Since President Donald Trump regained power, the country has seen a ton of it. Commercial real estate finance professionals holding out hope for a semblance of stability to push the Federal Reserve to lower interest rates could be disappointed as tariffs make a near-term rate drop less and less likely, CRE Finance Council President and CEO Lisa Pendergast said. What’s
Mortgage rates are edging upward again, adding pressure for homebuyers navigating a difficult spring market. Economic uncertainty, inflation concerns, and trade tensions are keeping rates volatile—and today’s numbers reflect that. According to the latest data: 30-year fixed-rate mortgage: 6.83% (up 0.01% from last week) 15-year fixed-rate mortgage: 6.02% (down 0.01% from last week) 5/1 adjustable-rate
Many 2025 housing market forecasts were hopeful that lower rates would’ve arrived by now to accompany the typical peak of the spring purchase season. But economic uncertainty sparked by President Donald Trump’s global tariff policies and resulting fears of rising inflation have kept rates near 7% for much of the year. Fed effects The Federal
Mortgage rates increased across most term lengths today, according to new data from Zillow. The average 30-year fixed mortgage rate rose by nine basis points to 6.70%, while the 15-year fixed rate climbed five basis points to 5.95%. Adjustable rates also moved higher, with the 5/1 ARM jumping 15 basis points to 6.88%. The Federal
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What will happen to home sales? The upward movement serves as a bucket of cold water for a housing market that has had a relatively healthy level of activity at the start of the spring purchase season. Altos data released Monday showed that weekly pending single-family home sales rose slightly compared to year-ago levels as