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Weekly Mortgage Rates Tick Up as Inflation Flares Again

Weekly Mortgage Rates Tick Up as Inflation Flares Again

Mortgage rates are still drifting higher for their fourth straight week, and fresh inflation data suggests home buyers may not see much relief anytime soon. The average rate on a 30-year fixed-rate mortgage rose four basis points to 6.46% APR in the week ending May 28, according

Powell out, Warsh in as new chair of Federal Reserve

Powell out, Warsh in as new chair of Federal Reserve

(The Center Square) – Kevin Warsh, an economist and former member of the Federal Reserve Board of Governors, is now chair of the central bank, replacing longtime chair, Jerome Powell. Warsh was sworn in at the White House Friday with a large crowd in attendance after completing the confirmation process. “I

Weekly Mortgage Rates Rise Under Gloomy Economic Clouds

Mortgage rates are a lot like spring weather, changing just frequently enough to keep you checking the forecast. At least for now, rate trends feel less like a thunderstorm and more like a stubborn spring drizzle. The average rate on a 30-year fixed-rate mortgage rose 17 basis points

States with the Fastest-Falling Home Prices - Insurify

Home values in some states began to fall at the end of last year and may continue to drop, according to the latest data from the S&P CoreLogic Case-Shiller U.S. National Home Prices NSA Index, the leading measure of U.S. home prices. Nationally, prices decreased

Weekly Mortgage Rates Rise as Fed Preps for a New Era

Mortgage rates ended last week on an optimistic note, as markets were encouraged by news of peace talks between Washington and Tehran. The conversation this week is much more dour. On Wednesday, the Senate blocked efforts to end the war, the seventh such measure put forth by Democrats. Tuesday saw

Why Kevin Warsh might still prove to be an independent Federal Reserve chair

Why Kevin Warsh might still prove to be an independent Federal Reserve chair

(EAST LANSING, MICH.) Kevin Warsh is now likely to secure Senate approval as the next Federal Reserve chair – and become arguably the most powerful central banker in the world. But when Warsh appeared before the Senate Banking Committee for his confirmation hearing in April, one punchy question underscored the dilemma

Mortgage Rates Dip in Hope of War’s End

Mortgage Rates Dip in Hope of War’s End

If you've seen contradictory headlines about mortgage interest rates today, that's because rates are in an unusual spot. Where rates have been, where they are right now, and where they could go are three separate, but related, stories. Let's start with where rates have