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When will the Fed s moves alleviate the lock-in effect?

Cooling inflation will eventually allow the Federal Reserve to cut rates, but this process will take longer than previously thought.

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Fed holds rates steady amid mixed economic signals

As expected by virtually all market participants, the Federal Reserve maintained its short-term policy interest rate between 5.25% and 5.5%.

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Percentage of homes with price cuts reaches 18-month high: Redfin

Percentage of homes with price cuts reaches 18-month high: Redfin
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Mortgage demand slides to lowest level since early March

Mortgage applications slumped heading into Memorial Day weekend, falling 5.7% on a seasonal basis from the prior week.

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Mortgage rates trend down as the labor market loosens

Mortgage rates kept sliding toward 7% as the average 30-year fixed rate for conforming loans was 7.25% on Tuesday.

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