
MarketMinute | Are rates impacting sales?
Minutes from last month's Fed meeting showed most members felt a policy rate cut would be appropriate at the next meeting. Markets are already fully pricing in a September cut, which would be the first since the emergency easing in the early days of the pandemic. Unemployment applications barely rose last week. The 4-week average, which smooths out some volatility, fell to its lowest level in a month. Fannie Mae economists say the recent decline in mortgage rates is not enough to increase the number...
READ MORE