Fed Chairman Jerome Powell had one job to do on Friday with his annual speech at the Jackson Hole Economic Policy Symposium: Keep bond investors from freaking out. He succeeded.
U.S. home prices surged 18.6% in June from a year earlier, the biggest jump ever...
The Fed's cancellation of its annual Jackson Hole conference after a resurgence in U.S. Covid-19 infections may signal the days of rock-bottom mortgage rates aren't over yet.
A speech on Friday by Fed Chairman Jerome Powell had the potential of sending mortgage rates into gyrations. Instead, he soothed the markets.
A Delta-driven resurgence of the Covid-19 pandemic will chill the nation’s economic recovery and suppress mortgage rates, according to a forecast by Fannie Mae.
Lakeland and Winter Haven, Florida, posted the biggest U.S. median home price gain since the pandemic’s earliest days, with a 32% jump in June from a year earlier.
The consumer sentiment index from the University of Michigan plunged 13.5% in August to 70.2, the gloomiest outlook since December 2011.
The average U.S. rate for a 30-year fixed mortgage rose to the highest level in a month, reversing six weeks of declines, after last week’s employment report.
