The benchmark 10-year U.S. Treasury yield crossed 5% on Monday, a threshold it had not breached since October 2023, adding another jolt to mortgage pricing just one day before the Federal Reserve begins a two-day policy meeting. The move matters immediately to the...
Consumer prices rose 0.4% in August as energy costs jumped and shelter inflation accelerated. For a housing market already dealing with mortgage rates around 7%, the bond market’s reaction may be the bigger story. Homebuyers looking for relief from mortgage rates...
The Federal Reserve opted to hold the federal funds rate in the range of 3.5% to 3.75%. The central bank’s Federal Open Market Committee voted 9-3 on this decision. The trio of dissenters were regional Fed presidents – Cleveland’s Beth M. Hammack, Minneapolis’ Neel...
The Bank of England and the European Central Bank have followed the leads of their central bank counterparts in the US and Canada by maintaining their respective current interest rate levels. The Bank of England’s Monetary Policy Committee (MPC) voted 8–1 to maintain...
The Federal Reserve had opted to maintain the target range for the federal funds rate at 3.5% to 3.75%. The central bank’s policy making Federal Open Market Committee (FOMC) cited a low level of job gains, elevated inflation and a “high level of uncertainty” due to...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
