Cooler inflation data sends mortgage rates lower
On Tuesday, the Consumer Price Index (CPI) data came in cooler than expected, and the bond market loved it, driving mortgage rates lower. Where do we go from here? Headline… Read more »
Category: Monetary policy
Homebuilder Confidence on the Rise
According to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI), builder confidence in the market for newly-built single-family homes rose an impressive seven points to 37…. Read more »
The Week Ahead: Will Housing Starts, Permits Rebound?
The U.S. Census Bureau will release its latest number surrounding housing starts, permits, and completions for April. Numbers last month for March found housing data fell off the cliff. Housing… Read more »
How to Track Your Coronavirus Stimulus Check or Direct Deposit
The first coronavirus stimulus checks are hitting bank accounts this week. That means many people who have direct deposit are waking up to find an extra $1,200 in their bank… Read more »
Federal Reserve makes emergency rate cut amid coronavirus fears
The Federal Reserve unexpectedly cut its benchmark rate by half a percentage point in an effort to bolster the economy and calm coronavirus fears. “The coronavirus poses evolving risks to… Read more »
Federal Reserve ready to maintain rate, minutes show
Federal Reserve officials used to worry that if the U.S. unemployment rate dropped below 5% it would spark inflation, which would lead to higher borrowing costs, including mortgage rates. Now,… Read more »