After the weekend’s global events, many expected that the bombing of Iran’s nuclear facilities would influence bond yields, either up or down, today. However, the real surprise came from Michelle Bowman, Federal Reserve Vice Chair of Supervision, who talked about a potential rate cut in July. In a speech she gave at a research conference […]
Fed Vice Chair Michelle Bowman supports July interest rate cut Read More »
There are about 80,000 veterans in the U.S. who are behind on their mortgages and heading toward foreclosure, according to data from ICE Mortgage Technology, a number that could have been alleviated with help from the Veteran Affairs Servicing Purchase (VASP) program. But just last month, the program was abruptly discontinued by the U.S. Department of Veterans
Without VASP, veterans don’t have a foreclosure safety net Read More »
FHFA Director Bill Pulte called for Federal Reserve Chairman Jerome Powell to resign today, shortly after President Trump urged Powell to cut the Fed funds rate by 2.5% in a social post. This follows the Federal Reserve’s decision yesterday to keep the Fed Funds rate unchanged. Although Powell pointed out the challenges of finding a
FHFA Director Bill Pulte calls on Fed Chair Powell to resign Read More »
Today, President Trump called Fed Chairman Jerome Powell “Too Late” in a social post and said that he can save the country billions of dollars by shaving 2.5% off the Fed Funds rate. This is part of an ongoing Trump attack on the Fed Chair to cut rates, but is this strategy the best way
Trump wants Powell to lower rates. Here’s how to do that Read More »
Following its passage in the House of Representatives, the One Big Beautiful Bill Act — President Donald Trump’s signature domestic policy bill that includes tax reform provisions with major implications for the federal budget deficit — is going through a series of pronounced changes during the reconciliation process in the Senate. When a bill is
Senate version of GOP tax bill makes key changes to housing, federal lands sections Read More »
A new Redfin survey reveals sharp divides among Americans over how immigration and tariffs are affecting housing affordability, reflecting a complex and politically charged landscape. More than half of U.S. homeowners and renters (51.2%) believe that reducing immigration could worsen housing affordability by shrinking the pool of construction workers and limiting the number of new
Americans are divided over housing impacts of immigration, tariffs Read More »
As Trump administration officials press ahead with their efforts to dismantle and defund the Consumer Financial Protection Bureau (CFPB), the Federal Reserve Office of the Inspector General (OIG) is reportedly opening an investigation into moves to fire the vast majority of CFPB and attempted cancellations of associated federal contracts. According to reporting by CNBC, the
Federal Reserve watchdog investigates efforts to dismantle CFPB Read More »
A group of 14 Democratic senators, led by Elizabeth Warren (Mass.) and Minority Leader Chuck Schumer (N.Y.), have called on Federal Housing Finance Agency (FHFA) Director Bill Pulte to pause any potential plans to release government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac from conservatorship. The letter, first reported by Bloomberg, said that any potential
Senators call on FHFA’s Bill Pulte to pause GSE privatization plans Read More »
Today marked a significant development in the ongoing dialogue between President Trump and Elon Musk, as their relationship appears to have reached a critical point of conflict. The question for those in housing is: How could this impact mortgage rates moving forward? The 10-year yield saw a slight increase earlier as it reacted to the
How the Trump/Musk dispute could influence mortgage rates Read More »
With the next race for the mayor of America’s largest city in full swing — and as a city that has consistently elected Democrats for the position for much of the past century — the first Democratic primary debate for the 2025 election was rife with attacks and sweeping policy promises. Nine candidates were on
Democrats put housing front and center in NYC mayoral debate Read More »