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First American

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First American: Home sales are weaker than they seem

April 3, 2025 by bp56691
First American’s Mark Fleming said the slowdown is tied to the mortgage rate lock-in effect and older homeowners who choose to age in place.
Categories Existing home sales, First American, Home Sales, Housing Market, Housing Market Data, HWmember, New Home Sales

Federal Reserve stands pat, but still sees rate cuts ahead

March 19, 2025 by bp56691
The decision was almost universally expected by market observers as the Federal Reserve weighs data that could be pushing the U.S. toward a recession.
Categories Federal Reserve, First American, HWmember, Interest Rates, Jerome Powell, Kiavi, Mortgage, Tariffs, Trump Administration

Another Fed rate cut is expected Wednesday, but mortgage rates aren’t likely to tumble

December 17, 2024 by bp56691
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.
Categories Chase, Federal Reserve, First American, LendingLife, Mortgage, Mortgage Rates, Mortgage Rates Center, Origination, Veterans United Home Loans

The election is over, but mortgage rates have yet to change course

November 19, 2024 by bp56691
The election is over, but mortgage rates have yet to change course
The trend line for mortgage rates has been the same for several weeks, even as some of the uncertainty tied to the election is fading.
Categories Bank of America, Construction, Federal Reserve, First American, Housing Starts, Mortgage, Mortgage Rates, Mortgage Rates Center

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