The labor market is showing signs of softness but is not breaking down yet, which has kept mortgage rates higher for longer. Since 2022, my guiding principle has been that the labor market is more important than inflation in determining mortgage rates. For those seeking lower mortgage rates, it’s more essential to see the labor…
"February 8, 2025" Archives
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Elon Musk has entered the Consumer Financial Protection Bureau (CFPB). According to a report from WIRED, associates working with Musk entered CFPB’s building Thursday, and CFPB Chief Operating Officer Adam Martinez confirmed that Musk’s team will receive read-only access to a sweeping amount of the bureau’s data. Martinez said that Musk associates would return on…
Homebuyer confidence for purchasing a home increased slightly in January, according to Fannie Mae‘s Home Purchase Sentiment Index (HPSI). The HPSI increased 0.3 points to 73.4 in January and is now 2.7 points higher than it was a year ago. The share of respondents who believe it’s a good time to sell a home remained…