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  • [ December 21, 2024 ] Retail Chain Party City is Going Out of Business Weely Real Estate News
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inflation
Economy

US inflation boosts case for no further rate hikes

August 11, 2023 Mark Paul Cervantes Comments Off on US inflation boosts case for no further rate hikes

A second consecutive benign set of inflation prints adds to optimism that the Fed rate hike cycle is at an end and a soft landing is achievable for the US economy. We continue to have our […]

Fed
Economy

Fed Meeting Could Signal End of Rate Hikes as Housing, GDP and Inflation Data Highlight the Economic News

July 24, 2023 Mark Paul Cervantes Comments Off on Fed Meeting Could Signal End of Rate Hikes as Housing, GDP and Inflation Data Highlight the Economic News

For the past year or so, that has meant a guessing game over how much the Fed would raise interest rates. Now, the question is not if the central bank will raise rates – an […]

Mortgage
International

Mortgage rate hikes threaten a ‘significant drag’ on housing market, Nationwide warns

June 30, 2023 Mark Paul Cervantes Comments Off on Mortgage rate hikes threaten a ‘significant drag’ on housing market, Nationwide warns

The high street lender says while typical homeowners coming off fixed rate deals face significant increases in their monthly payments, borrowers have been “stress tested” for higher rates and so should be able to cope, […]

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U.S. Market

Rocket
Housing Wire

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off on Rocket lost money last year, so why are its shares up?

​ Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

delinquency rates
Housing Wire

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off on Industry experts are closely watching delinquency rates, insurance costs

​ Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs
Economy

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off on Jobs data sends mortgage rates higher

​ Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]

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