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MarketMinute | Check out these 2025 rate predictions

Jan 10

3:43

PM

Category | Markets in a Minute

Minutes from the last Fed meeting showed members favored slowing rate cuts to balance inflation risks with those of economic overheating.

Job openings unexpectedly rose in November. Slower hiring points to a softening labor market but not one that needs Fed intervention.

Jobless claims fell to an 11-month low last week. Continuing claims rose slightly. The balance points to relative stability in the jobs market.

Housing News

MBA and Fannie Mae expect mortgage rates to stay above 6% through 2025 due to a strong economy and possible rising inflation.

High mortgage rates and home prices drove 2024's median monthly housing payment to a record $2,775, up 11% year over year.

Purchase applications fell 7% for the week and were 15% lower than the same week a year ago, as higher rates weakened demand.

MarketMinute | Housing inventory and pending sales reached recent highs

Jan 3

7:59

AM

Category | Markets in a Minute

Weekly jobless claims fell unexpectedly last week, indicating low layoffs and a healthy labor market at the end of 2024.

Investors are optimistic about U.S. stock market performance in 2025, anticipating a 3rd consecutive year of growth.

The economy faces a potential labor supply shock due to reduced immigration, which could strain job growth and exacerbate inflation.

Housing News

Pending home sales rose 2.2% in November, marking the 4th consecutive monthly increase and a return to the highest levels since early 2023.

The inventory shortage is finally easing. Housing inventory reached a 4-year high in November, with over half of listings unsold for 60+ days.

Insurance and property taxes are soaring and now comprise 32% of the average single-family mortgage payment, the highest rate ever recorded.

MarketMinute | Why are builders optimistic for 2025?

Dec 20

2:57

AM

Category | Markets in a Minute

The Fed cut policy interest rates by 0.25%. The Board signaled plans to slow rate cuts in 2025, leading to a significant jump in mortgage rates.

Retail sales increased more than expected in November, consistent with strong underlying momentum in the economy as the year winds down.

Revised final 3rd-quarter GDP figures show the economy grew 3.1%, more than the 2.8% initial estimate.

Housing News

November existing home sales posted the largest annual gain since 2021, helped by increased inventory. Activity remains subdued, however.

Single-family housing starts rebounded in November, increasing 6.4%. Single-family building permits rose 0.1%.

Builder sentiment remained steady at year's end, balancing high home prices and rates with hope for a better regulatory climate in 2025.

MarketMinute | Where are home prices heading in 2025?

Dec 6

3:01

AM

Category | Markets in a Minute

In October, job openings rose to 7.7 million, up 372K from September. However, a slowdown in hiring indicated a mixed labor market.

Another reflection of the mixed labor market was an ADP report of lower-than-expected private payrolls growth in November.

The Fed's Beige Book showed slight economic growth with subdued employment, modest inflation, and optimism about rising demand.

Housing News

Purchase mortgage applications jumped 6% for the week to the highest level since January, although down 21% from a year ago.

Loan limits on single family homes will rise next year, reaching $806,500 for conforming loans and $524,225 for FHA loans in most areas.

Fannie Mae’s 4th-quarter Home Price Expectations Survey predicts a slowing growth rate, from a forecasted 5.2% in 2024 to 3.8% next year.

MarketMinute | Existing home sales moved up!

Nov 22

2:01

AM

Category | Markets in a Minute

Weekly jobless claims for last week hit a 7-month low, suggesting job growth rebounded in November after slowing last month.

Prices have risen somewhat faster than expected in the past few months, raising questions about whether the Fed can achieve its 2% inflation goal.

Stronger than expected economic and labor market data and increasing inflation concerns could reduce expected future Fed policy rate cuts.

Housing News

Homebuilder sentiment rose to a 7-month high in November as expectations for sales in the next 6 months surged to a 2-1/2 year high.

Housing starts in October hit a slump, likely caused by hurricanes in the Southeast. Permits rose slightly, signaling an anticipated rebound.

Existing home sales were up in October, the first annual gain since 2021, as buyers rushed to take advantage of briefly lower mortgage rates.