Last Week In A Nutshell Rates ended the week about 10 bps lower following renewed trade tensions with China. Upcoming Attractions  This is a light week, especially if the shutdown continues. Last Week’s Highlights Diving a Little Deeper Redfin’s housing market reports: New Jersey Realtor Richard ...

The most visible housing-market impact from the current government shutdown is on the millions of civilian federal employees who could be furloughed or laid off and miss paychecks, in turn leaving them potentially struggling to make their mortgage and rent payments. Behind the scenes, the mortgage ...

In short: The Federal Reserve on Wednesday said it would lower its target for the federal funds rate by a quarter basis point. The Fed also forecasted two additional rate cuts this year. The move was widely anticipated, and mortgage rates aren’t likely to jump or fall ...

The U.S. housing market has lost about 14,000 home sellers over the past two months, with the total number of sellers falling to 1.95 million in July from a peak of 1.96 million in May. This marks the first decline since July 2023, when the supply ...

Rates Fall for 4 Straight Weeks to 6.58%, Boosting Buyer Confidence and Driving a Surge in Refinancing Applications The average interest rate for 30-year fixed-rate mortgages in the United States has fallen to its lowest level in 10 months, raising hopes of breathing new life into ...

President Trump on Tuesday floated the possibility of eliminating the federal capital gains tax on home sales, in a move that would change the way real estate profits are taxed for the first time in 30 years. Speaking to reporters in the Oval Office on Tuesday, ...

What happened: Housing starts increased slightly in June mostly due to a slight rebound in multifamily construction. Amid a persistent rise in housing inventory that is pulling down house prices, single-family housing starts are now 10% lower than they were a year ago. Single-family starts fell in every ...

“SALT Deduction” Based on the “One Big Beautiful Bill Act” (OBBBA), signed into law by President Trump on July 4, 2025, there are significant changes to the state and local tax (SALT) deduction for the 2025 tax year. Here’s a summary of the SALT deduction changes ...