Federal Reserve’s Likely Slowdown in Rate Cuts Could Disappoint Borrowers
Several surprisingly strong economic reports, combined with President-elect Donald Trump’s policy proposals, have led to a decidedly more cautious tone from the Fed.
Powell: Fed’s Now in No Hurry to Cut Rates
Chair Jerome Powell said Thursday that the Federal Reserve will now only cut its key interest rate slowly and deliberately in the coming months.
Trump’s Second-Term Agenda Clouds the Outlook for Mortgage Rates
The president-elect campaigned on a promise to make homeownership more affordable by lowering mortgage rates, but his policies could do the opposite, some analysts say.
Wall Street Already Picking CRE Winners and Losers Under Trump
Wall Street is already making big bets on what take two for a White House led by Donald Trump will mean for the economy.
Post-Election Uncertainty Grows for the Fed
Between mixed economic signals and president-elect Donald Trump’s statements that he wants greater control over interest rate policy, it’s up in the air what happens next.
Trump Has Sweeping Plans. Here’s What He’s Proposed for Business
The president-elect outlined a wide-ranging agenda on the campaign trail that blends traditional conservative approaches to taxes, regulation and cultural issues with a more populist bent on trade.
Fed Set to Cut Rates Again Amid Hazy Post-Election Outlook
No one knows how Tuesday’s presidential election will turn out, but the Federal Reserve’s move two days later is much easier to predict: With inflation continuing to cool, the Fed is set to cut interest rates for a second time this year.
Average Mortgage Rates Creep Back Towards 7 Percent
The average rate on a 30-year mortgage in the U.S. rose for the fifth straight week, returning to its highest level since early August.
Mortgage Rates Hit Highest Level in Eight Weeks. What Gives?
Mortgage rates have been climbing in recent weeks following a spate of encouraging reports on the U.S. economy, including a hotter-than-expected September jobs report and a snapshot of consumer prices.
Small Business Disaster Loan Program Out of Money After Record Storms
The Small Business Administration has run out of money for the disaster assistance loans it offers small businesses, homeowners and renters, delaying much needed relief for people applying for aid in the wake of the destruction caused by Hurricanes Helene and Milton.
Despite Improving Economy, JPMorgan Doubles Loan-Loss Provision
JPMorgan on Friday reported that its net income fell 2 percent in the third quarter as the bank had to set aside more money to cover bad loans.
Average Mortgage Rate Jumps, Reversing Some Affordability Gains
The average rate on a 30-year mortgage in the U.S. surged to 6.32 percent this week, adding pressure on home buyers facing sky-high prices and a limited supply of houses for sale.
Cities, Tenants Left Scrambling When LIHTCs Run Out
While Americans continue to struggle under unrelentingly high rents, as many as 223,000 affordable housing units across the U.S. could be yanked out from under them in the next five years alone.
Fed Chair Powell Only Pledges Small Future Rate Cuts
Federal Reserve Chair Jerome Powell signaled Monday that more interest rate cuts are in the pipeline but suggested they would occur at a measured pace intended to support a still-healthy economy.
Expect Shortages and Higher Retail Prices If Dockworker Strike Drags On
U.S. ports from Maine to Texas shut down Tuesday when the union representing about 45,000 dockworkers went on strike for the first time since 1977.
Average Mortgage Rate Hits Lowest Level in Two Years, But Reductions Slow
The rate dipped to 6.08 percent from to 6.09 percent last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 7.31 percent.
For Home Shoppers, Fed’s Big Cut Likely Just Small Step Towards Affordability
The Federal Reserve gave home shoppers what they hoped for this week: a big rate cut and a signal of more cuts to come.
Fed Set to Announce Rate Cut Today
Having all but tamed inflation, the Federal Reserve is poised to do something Wednesday it hasn’t done in more than four years.
Will the Fed Cut Rates Enough to Secure a Soft Landing?
Plenty of uncertainty still surrounds this week’s Fed meeting. How much will the policymakers decide to reduce their benchmark rate, now at 5.3 percent? Will it be enough to avert a recession?
New Money Laundering Rules Make Agents Report Cash Home Sales
The Treasury Department has issued regulations aimed at making it harder for criminals to launder money by paying cash for residential real estate.
