Tagged: Economy

Rocket Money data suggests rising fuel costs are adding pressure to already payment-sensitive buyers as mortgage rates remain elevated

February economic data shows mixed signals: interest rates and mortgage yields fall, housing sales remain soft, GDP growth slows, inflation holds near 2.5–3%, and labor markets remain steady amid ongoing global and domestic uncertainties

The Mortgage Economic Review is a monthly summary of key economic indicators, data, and events pertinent to mortgage, housing, and finance professionals

Prolonged lags in existing home sales contribute to reduced household spending, services output, economist notes

Move comes amid mounting pressure, frustration from President Trump

Current Fed stance ‘appropriate’ for range of reasons, Fed Board of Governors member says

Fannie Mae’s ESR Group forecasts rates to land at 6.6% by year's end

Private sector adds 152,000 jobs in May, along with a 5% pay growth

Total mortgage originations will remain flat for remainder of the year

However, originations and economy should improve starting in 2024.