Most Recent interest rates News

Logan urges higher rates as inflation misses Fed’s 2% target

Logan urges higher rates as inflation misses Fed’s 2% target

But with the personal consumption expenditures (PCE) price index running at 4.1% for the 12 months through May and consumer...

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Originations jump as homeowners turn to cash-out refinancing

Originations jump as homeowners turn to cash-out refinancing

Homeowners are seeing record levels of equity in their homes, and many are eager to use it. Mortgage originations hit...

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Powell says tariffs will raise inflation – but Trump again demands lower rates

Powell says tariffs will raise inflation – but Trump again demands lower rates

The president also urged Powell to “do the right thing” and lower rates in March ahead of the tariff regime’s...

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Don’t bank on a sudden interest rate cut – Powell

Don’t bank on a sudden interest rate cut – Powell

Labor market remains resilient but signals mixed The latest labor report showed the U.S. economy added 151,000 jobs in February,...

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Fed in no rush to cut rates, says Powell

Fed in no rush to cut rates, says Powell

In his speech in Dallas, Powell said it wouldn’t be a surprise to see slow progress on the inflation front...

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Mortgage rates are rising again. What’s next for the market?

Mortgage rates are rising again. What’s next for the market?

It’s also served as a reality check for those brokers and originators who might have been preparing to take their...

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Commercial real estate turbulence not easing yet – exec

Commercial real estate turbulence not easing yet – exec

A soft landing for the economy looks increasingly likely – and while that’s good for consumers, it’s not such a...

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Fed’s favorite inflation gauge drops more than expected, paving way for further cuts

Fed’s favorite inflation gauge drops more than expected, paving way for further cuts

The Fed implemented its first rate cut since the pandemic last week, lowering rates by half a percentage point and...

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Mr. Cooper fallout, new regulations: Top mortgage news of August 2024

Mr. Cooper fallout, new regulations: Top mortgage news of August 2024

Homeowners insurance is labeled as one of the hidden costs for property owners, and their escalating prices could have an impact on the...

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Fed ready to start cutting rates, says Powell

Fed ready to start cutting rates, says Powell

Lowering rates, he added, would likely offer a way for the economy to return to the Fed’s 2% inflation target...

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