The homeownership rate in the United States is projected to fall further in 2026 after reaching a six-year low earlier this year, according to a new forecast from the Realtor.com® economic research team. The percentage of households that are owner-occupied has trended down over the last few years, hitting 65.0% in the second quarter of … Read more
The perceived probability of a Federal Reserve interest rate cut next month has jumped dramatically after top officials closely allied with Fed Chair Jerome Powell expressed support for further rate cuts. New York Fed President John Williams, a permanent voter and key voice on the rate-setting Federal Open Market Committee (FOMC), said on Nov. 21 … Read more
Battle lines are being drawn at the Federal Reserve over an interest rate cut in December, as key policymakers stake out their positions both in favor and opposed to a cut. While a December cut was seen as a virtual certainty a month ago, financial and betting markets now rate the probability as a virtual … Read more
Federal Reserve policymakers appear increasingly divided over whether to cut interest rates again in December, and even the resumption of federal economic reports as the government reopens may not settle the debate. Last month, after the rate-setting Federal Open Market Committee voted to cut rates for the second time in a row, Chair Jerome Powell … Read more
Job growth in the private sector made a surprise surge last month, raising doubts about whether the Federal Reserve will continue cutting interest rates in December. Companies added 42,000 jobs in October, more than expected and the first monthly payroll growth since July, according to data released by payroll processor ADP on Wednesday. With federal … Read more
The Federal Reserve has announced its second interest rate cut in a row, easing monetary policy as concerns grow about rising layoffs and economic fallout from the government shutdown. Fed Chair Jerome Powell joined the majority of the Federal Open Market Committee (FOMC) to vote for the quarter-point rate cut at Wednesday’s meeting in Washington … Read more
Even as Federal Reserve officials deliberate this week on interest rate policy, major employers including Amazon, UPS, and Target are announcing significant layoffs that may heighten the urgency for a rate cut. On Tuesday, as Fed Chair Jerome Powell and other members of the rate-setting Federal Open Market Committee (FOMC) began their two-day meeting, Amazon … Read more
Blinded by a data blackout during the government shutdown and deeply divided on the correct path forward, top Federal Reserve officials are meeting again to decide their next move on interest rates. Fed Chair Jerome Powell is joining other members of the Federal Open Market Committee (FOMC) in Washington, DC, on Tuesday for the two-day … Read more
Mortgage rates dipped yet again. The Freddie Mac 30-year fixed rate fell to 6.19%, its lowest level in more than a year. That’s a meaningful drop, and it comes as markets fully price in another possible Federal Reserve rate cut after it meets next week. While this gives buyers some breathing room, it’s worth noting … Read more