Mortgage rates move near 6.8% as the potential for a Fed hike grows
Sentiment has shifted when it comes to rate expectations as more housing market observers are predicting at least one rate hike this year.
Bank of America
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Will the Fed really hike rates 3 times in 2026, per Bank of America?
BofA forecasts three quarter-point Fed hikes in 2026, but market pricing and a 10-year yield near 4.51% argue for 0 to only one rate hike.
With Warsh’s Fed overhaul, mortgage rates face a new risk
Federal Reserve Chair Kevin Warsh’s new framework for the U.S. central bank carries significant implications for the mortgage industry and broader housing market.
Land leases, ARM buydowns emerge as lending options while mortgage rates stay elevated
Mortgage lenders are getting creative to combat the housing affordability crisis fueled by rising interest rates, rolling out novel products and blending existing options to keep borrowers in the market.
Banks eye bigger role in mortgages as regulators reconsider capital rules
Top banks in the mortgage space have relied on a similar playbook for years, but they say they could become more aggressive if upcoming changes to capital rules provide more flexibility.
Americans are moving less frequently — and staying closer to home
Bank of America’s findings suggest that the era of a dramatic nationwide migration has faded, replaced by a quieter trend of households trading one nearby city for another due to better housing affordability.
Fed prepares to pivot balance sheet, with potential ripple effects for mortgages
A growing number of economists believe the Federal Reserve is close to announcing the end of its quantitative tightening (QT) program — a move that could have wide-reaching implications for the mortgage industry.
Banks earned $1 trillion windfall during Fed’s high-rate period
Lenders reportedly benefited from higher yields on deposits held at the Fed while paying relatively low rates to many savers.
Baltimore launches $6.2B housing redevelopment effort
Work is supported by $1.2 billion in public funding commitments and is expected to leverage an additional $5 billion from the private sector.
Migration slows under pressure of rate lock-in, cooling job market
The number of people who are moving remains significantly lower than before the pandemic, according to Bank of America Institute.