Vought shuts down most of CFPB’s functions, cuts off funding
Russell Vought, the new acting director of the CFPB, is shutting down most of its functions and has cut off its funding.
Federal Reserve
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What can President Trump do to help the housing crisis?
In addition to the usual economic data, Lead Analyst Logan Mohtashami looks at what President Trump could do to affect the housing market.
Jobs week data is keeping mortgage rates above 7%
Today’s jobs report beat expectations, which means mortgage rates will stay elevated.
Jobless claims keep mortgage rates elevated
Today, the jobless claims data again showed why mortgage rates continue to be elevated, confirming that the labor market isn’t breaking.
The biggest mortgage rate stories of 2024
2024 was a disappointing year for those looking forward to a Fed rate cut cycle and what that could do to mortgage rates. Here’s a recap!
Housing market data positive despite Powell’s Grinch act
Fed Chairman Jerome Powell played the Grinch last week, but there are plenty of positive signals in the housing market data headed into 2025.
Powell’s remarks shoot mortgage rates higher
Remarks by Federal Reserve Chairman Powell during the Q&A presser sent the 10-year yield and mortgage rates higher.
Another Fed rate cut is expected Wednesday, but mortgage rates aren’t likely to tumble
Mortgage rates haven’t moved in tandem with recent Fed rate cuts. Don’t expect that pattern to change much after policymakers meet Wednesday.
HUD takes a closer look at senior finances, housing affordability pain points
A new report from HUD’s Office of Policy Development and Research takes a closer look at older Americans’ housing affordability challenges.
Mortgage rates fall on jobs week data
After the final jobs report for 2024, mortgage rates made a nice move lower on Friday, helped along by improved mortgage spreads.