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Why Friday’s jobs report won’t compel Powell to cut rates
Friday’s jobs report won’t compel Fed Chairman Jerome Powell to cut rates by 1%, as President Trump suggested on social media today.
Rocket, PennyMac price new debt offerings
Rocket priced $4 billion in senior unsecured notes — $2 billion due in 2030 and $2 billion due in 2033. PennyMac priced $100 million due in 2030.
America once solved a housing crisis — then forgot how
A housing expert at MIT shares insights on a federal program that once spurred construction of entire communities across multiple states.
Homebuyers faced high mortgage rates, worsening affordability in October: ICE
It now takes 40.6% of the median household income to afford monthly mortgage payments, according to ICE’s latest Mortgage Monitor report.
Have mortgage rates peaked for this cycle?
Mortgage rates followed the 10-year yield down last week. Can we say we’ve reached the top for mortgage rates this year?
With new CEO, Rocket increases margins, remains profitable in Q3
Rocket Companies remained profitable in the third quarter of 2023, showing higher margins in direct-to-consumer and wholesale channels.
Why there are so few real estate agents of color
Why is the percentage of non-white real estate agents so low when compared to the country’s overall racial make-up? HW+ Premium Content
Why you shouldn’t worry about the drop in new home sales
New home sales are impacted more by increases in mortgage rates than an existing home. Mortgage rates, although still historically low, have risen recently. Higher mortgage rates at some point are going to quell any construction boom.
Existing home sales data: Look at year-over-year growth
When I look at today’s report, the most significant data point to my mind is the 9.1% year-over-year growth in existing sales. This is the best February sales data we have had in a long time, and it’s working from a high comp. HW+ Premium Content
