The likelihood of a third Federal Reserve rate cut got higher with Wednesday’s Consumer Price Index from the U.S. Bureau of Labor Statistics, which met expectations from economists on inflation. Headline inflation... Read more »
Progress in taming inflation slowed in October, but futures market investors think the latest numbers up the odds of another Federal Reserve rate cut next month. Whether it’s refining your business model,... Read more »
One day after Donald Trump’s victory in the U.S. presidential election, officials at the Federal Reserve announced their decision to cut the benchmark interest rate by 25 basis points to a target... Read more »
Mortgage business has increased recently for Wells Fargo head Charlie Scharf, left, and JPMorgan Chase CEO Jamie Dimon, but will it last? JPMorgan Chase and Wells Fargo are starting to feel the... Read more »
Federal Reserve interest rate cuts may help turn the tide for commercial real estate. Yet investors should tread carefully if they’re wading into the market. Central bank policymakers’ half-point reduction last month... Read more »
Money talks, but interest rates scream. As we peer into the economic crystal ball for 2025 and 2026, one number stands out: the Federal Funds Rate. This key benchmark set by the... Read more »
Mortgage rates are a hot topic as we approach 2024, and many wonder how low they will drop once the Fed cuts rates. With the economy showing signs of change and the... Read more »
With this week’s half-percent rate cut from the Federal Reserve, agents are hoping sellers will finally get off the fence and loosen up some inventory to get the market moving. Whether it’s... Read more »
“If we took the worst levels of the spreads from 2023 and incorporated those today, mortgage rates would be 0.58% higher right now,” Mohtashami wrote. “While we are far from being average with... Read more »
Real estate agents have white-knuckled their way through more than two years of suffocatingly high mortgage rates that have stymied sales, choked off inventory and pushed home prices to new all-time highs.... Read more »