Fannie Mae ESR Group Says Economic Growth, Inflation Still On Track
The ESR Group forecasts overall economic growth to slow and mortgage rates to end the year near 7%.
Tagged: Inflation
Inflation Cools For First Time in Three Months
Department of Labor's April Consumer Price Index increased in line with expectations
Consumers Skip Payments Due To Inflation, Job Loss, And Forgetting To Pay
Nearly one-third of consumers said it is difficult or very difficult for them to pay their recurring debts on time.
Consumer Confidence Drops To Lowest Level Since 2022
The consumer confidence index fell to 97 in April from March’s 103.1 reading.
U.S. Economy Grew At 1.6% Rate In Q1
The slowdown comes at the same time that the Federal Reserve's efforts to combat inflation have stalled.
Hotter-Than-Expected Inflation Keeps Rates Higher
Fannie Mae forecasts fewer Federal Reserve rate cuts this year.
Monthly Housing Payments Set New Record Highs
Redfin says buyers’ costs will likely stay high due to inflation news.
Inflation Gains Steam In December
Core CPI rises by 0.3%, signaling ongoing inflationary pressures with energy and shelter costs driving the uptick.
Consumer Price Index Remains Stable As Fed Prepares For Rate Decision
Further cooling inflation a good sign for mortgage rates, analysts say.