Rate cut on the horizon? The federal funds rate hasn’t budged since December, when the Federal Reserve made the last of three consecutive cuts. But with the labor market cooling and inflation staying below 3% despite President Donald Trump’s tariffs taking effect, market observers are becoming increasingly bullish on a September cut. On Tuesday, the
According to Mortgage News Daily, mortgage rates have dropped to a low of 6.53%, marking a new year-to-date low. With Federal Reserve Chair Jerome Powell under tremendous pressure to lower the Fed funds rate, he finally has the cover to do so with the last jobs report. However, as always, the bond market tends to
Across all ages, 56% said refinancing to a lower mortgage rate is important or extremely important to their financial health, while 25% called it “extremely important.” “These findings reveal a generation of homebuyers who are taking significant financial risks in today’s market,” said Ethan Winchell, co-founder and president of Truework. “While homeownership remains a priority,
For now, I believe it’s a combination of things: lower mortgage rates, new listings data declining and frustrated home sellers taking their homes off the market as they’re not getting the price they wanted. In any case, one thing is for sure: unless mortgage rates rise again, we’ve probably already seen the peak growth rate
Cotality’s “From House to Home” report included a survey of 1,000 recent and prospective U.S. homebuyers. It explored the dichotomy between markets relying on speed and buyers relying on timing. Ultimately, it found that homebuyers care more about timing and confidence as 43% felt speed was critical when finding a home, while 41% said the
I discussed the jobs report in detail in this article and on this episode of the HousingWire Daily podcast. Given today’s drop, let’s discuss what we should focus on for the rest of the year. Where does this drop fit in the forecast? In my 2025 forecast, I anticipated the following ranges: Mortgage rates between
10-year yield and mortgage rates In my 2025 forecast, I anticipated the following ranges: Mortgage rates between 5.75% and 7.25% The 10-year yield fluctuates between 3.80% and 4.70% The 10-year yield has fluctuated between approximately 4.79% and 3.87% this year, considering overnight trading within that range. Meanwhile, mortgage rates have varied from 7.25% to 6.50%.
Two Fed officials, Christopher J. Waller and Michelle Bowman, dissented. Waller supported a 25 basis-point cut due to minimal tariff effects and increased labor market risks. Bowman advocates for a gradual shift to a neutral policy stance, citing slowing economic growth and a less dynamic labor market. A growing number of market participants — 88%
Under the proposal, the GSEs must include digital assets recorded on a cryptographically secured distributed ledger when assessing risk for single-family mortgages. They would be prohibited from requiring borrowers to convert these assets into U.S. dollars. In a statement to justify the bill, Lummis said that homeownership is not a reality for many young Americans.
Rates have shown less volatility since April, coinciding with President Donald Trump’s global tariff policies. The 30-year conforming rate has barely deviated from a narrow band between 6.8% and 7% since mid-April, according to HousingWire’s data. The market has also had stability due to a consistent policy stance by the Federal Reserve, which has held