Mortgage Application Surge Following Rate Drop
On September 19th, 2025, mortgage rates experienced a significant drop, leading to a notable increase in mortgage applications across the country. The average rate for a 30-year fixed mortgage fell to 6.39%, marking the lowest level since October 2024. Alterna...
Federal reserve chairman finally lowered the federal fund rate. Will there be more cuts?
The Fed lowered borrowing costs by 25 basis points on September 17, 2025, a move Chair Jerome Powell framed as a “risk management” cut to bolster an increasingly fragile labor market. The decision was nearly unanimous, with the only dissent coming from Stephen Miran,...
Fixed-rate mortgages are influenced more by the 10-year Treasury yield than by the federal funds rate
The 30-year mortgage rates fluctuate due to factors aside from changes in the Federal Reserve's federal funds rate. Although Federal Reserve actions can influence these rates, additional elements contribute to rate movements. A 30-year fixed-rate mortgage generally...
The Fed risks falling behind the curve (again)
Chairman Powell decided to keep rates at their current range of 4.25% to 4.5%, citing uncertainty over the impact of tariffs on inflation. There's been significant debate over the Fed's interest rate policy this year, mainly because of tariffs. Most economists agree...
Powell says Fed would have cut rates if not for tariffs
Federal Reserve Chairman Jerome Powell stated that interest rate cuts were on hold due to tariff effects, despite pressure from the Trump administration. At a European Central Bank forum, Powell said, “I think that’s right,” when asked if tariffs delayed cuts,...
While markets are still expecting the first cut in September, July is in the running after jobs decrease
A surprise drop of 33,000 private-sector jobs in June—the first decline since March 2023—may influence the Federal Reserve’s timing on rate cuts. Although September remains the most likely month for a cut, odds for July rose to nearly 25% after markets reacted to the...
Real estate investors are scooping up properties while many buyers are still sitting on the sideline.
As home sale inventories increase, many buyers are waiting for interest rates or home prices to decrease before purchasing. During this period, real estate investors continue to acquire properties. Affordability constraints remain a factor affecting homebuying...
Rate Unchanged Again
Fed Chair Jerome Powell left its key interest rate unchanged again Wednesday May 7th and gave no hint of plans to lower the interest rate anytime soon, as tariffs raise the risks of either another inflation spike or recession. The central bank lowered the rate by a...
The central bank may act more aggressively than originally expected after Trump’s bombshell tariff announcement
Expectations for a flurry of Federal Reserve interest rate cuts this year spiked as financial markets reeled in the wake of President Trump’s wave of global tariffs. The central bank is now expected by money markets to slash its key rate by 100 basis points before the...
Mass Layoffs Hit Consumer Financial Protection Bureau
The agency, which has returned $21 billion to consumers since its inception, could lose 1,500 of its 1,700 employees, a union warned. The full scope of the cuts was not immediately clear, but by late afternoon, hundreds of workers across all of the agency’s major...