Home-price growth in the U.S. fell to its lowest rate in more than a decade this April, according to the latest data from Cotality. Weighing on the market were continued concerns about the economy, including job stability, inflation and possible tariff impacts — all contributing to sluggish buyer demand. “Housing market headwinds continue to challenge […]
Home-price growth at decade low, Florida markets lead declines Read More »
The good news is the preferred measure of inflation for the Federal Reserve keeps trending downward. The bad news is that the economic backdrop that could lead to lower rates keeps getting more complicated. According to new data from the U.S. Bureau of Economic Analysis (BEA), the Personal Consumption Expenditures price index for April rose
Inflation is almost at 2%. Will that prompt a Fed rate cut? Read More »
Federal Reserve Vice Chair Philip Jefferson.Bloomberg News The Federal Reserve’s second-in-command is looking for solid evidence of the impact of tariffs before throwing his support behind changing interest rates. In a Wednesday morning speech, Fed Vice Chair Philip Jefferson said the central bank’s current monetary policy stance gives it the flexibility needed to respond to
Fed vice chair focused on ‘hard data’ amid uncertainty Read More »
Bloomberg News Prices continued to trend down toward the Federal Reserve’s 2% target last month despite the rollout of sweeping tariff hikes. The Consumer Price Index rose 0.2% in April for an annualized increase of 2.3%. Core CPI, which factors out food and energy, was up 0.2% on the month and 2.8% year over year.
CPI inflation continues to trend down despite tariff rollout Read More »
What will happen to mortgage rates now that China and the U.S. have made progress in their trade war, agreeing to a 90-day period of lower tariffs? Stocks are up considerably this morning and bond yields have also increased. This raises the question: Is the de-escalation of the trade war good for mortgage rates? The
What happens to mortgage rates with more trade deals? Read More »
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