Lackluster ADP jobs report raises odds of Fed rate cut
The private sector lost 33,000 jobs last month, the first ADP payroll decrease since May 2023
Mortgage applications gain momentum with second straight weekly increase
Refinances jumped as the 30-year rate dipped below 6.8%
Reducing borrower friction: A top priority in uncertain times
The combination of low affordability and limited inventory is a major obstacle facing the housing industry. There are signs of improvement, with housing inventory levels reaching a four-month supply at the end of March, representing a 19.8% increase from the same month a year ago, according to the National Association of Realtors. A balanced market, […]
Trump implores Powell to cut interest rates in rare handwritten note
The president said the benchmark federal funds rate should be set between 0.25% and 1.75%
Ranking the candidates for the next Fed chair
Jerome Powell’s potential successor may be named sooner than the historical norm
PCE inflation ticks up in May as consumers cut back on spending
The latest inflation report further clouds the outlook for a Fed rate cut
30-year mortgage rates dip below 6.8%: Freddie Mac
The 15-year rate also saw modest declines this week
Making sense of the Fannie Mae and Freddie Mac privatization rumors
A Q&A with Marty Green of Polunsky Beitel Green LLP
Fed chair, on congressional hot seat, urges patience on rate cuts
Jerome Powell didn’t rule out a potential interest rate cut in July
Another Fed governor voices support for potential July rate cut
Michelle Bowman is in favor of a rate cut as long as inflation pressures remain contained