Stagnant home sales likely to be a drag on US economy
Jul 18, 2025The ongoing slump in existing home sales is quite likely to curb consumer spending in the U.S. in the not-too-distant...
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Most Recent Economy News
Mortgage
GOP megabill cutting CFPB funding goes to Trump’s desk
Jul 6, 2025WASHINGTON — The House narrowly passed a massive tax and spending bill, capping months of deliberations and sending President Trump’s...
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Mortgage
Mortgage servicers benefit most from FOMC’s inaction: KBW
Jun 20, 2025In the aftermath of the Federal Open Market Committee’s June meeting, certain interest rate spreads should narrow, but the overall...
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Mortgage
MGIC, Essent, Enact, Radian, NMI, Arch report 1Q25 profits
May 11, 2025A similar share of consumers used private mortgage insurance as credit enhancement in the first quarter compared with the prior...
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Mortgage
Home sales canceled in January at highest pace in years
Feb 28, 2025Consumer skittishness, wildfires and rising inventory combined to push the January cancellation rate for pending home sales to its highest...
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Mortgage
Mortgage rates again move opposite Fed’s actions
Dec 20, 2024Mortgage rates rose 12 basis points this week, reflective of the environment even before the Federal Open Market Committee announced...
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Mortgage
Why mortgage rates might rise after Fed cut
Sep 19, 2024Mortgage rates continued to tumble closer to the 6% mark, even before taking into account the full impact of the...
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Mortgage
Harris takes aim at Wall Street housing ownership in first economic speech
Aug 18, 2024Vice President Kamala HarrisBloomberg News WASHINGTON — Vice President Kamala Harris promoted policies that aim to make housing more affordable...
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