As America turns 250, let’s renew the promise of home
As Americans celebrate our nation’s 250th birthday, we’re reflecting on the promises that have defined our country. Few are more fundamental than the opportunity to build a stable life. Yet for millions of Americans, that opportunity remains out of reach because they cannot find or afford a safe pla
Mortgage spreads keeping housing demand intact for now
Mortgage spreads are once again playing our friendly neighborhood housing hero by keeping mortgage rates under 7% in a crazy, hectic year. This has allowed housing to stay intact, sales-wise. While sales in our weekly tracker data have slowed down, as they typically do once mortgage rates get above
Will the negative jobs report hold off a September rate hike?
The Fed hawks must feel very awkward today. Before the July Fed meeting, Fed Governor Chris Waller said that if the July CPI report came in hot, a July rate hike would be on the table. Since that day, CPI inflation came in as a big miss, PPI inflation came in as a big miss, and today the jobs number
Trump reportedly renews bid to oust Fed Gov. Lisa Cook
President Donald Trump is reportedly moving forward with a renewed attempt to remove Federal Reserve Gov. Lisa Cook over mortgage fraud allegations. The White House this week sent Cook a letter stating the president is “considering” removing her and demanding she respond to the allegations within t
