Quote: Dec. 15, 2023

“MBA and its members have led the industry in advocating for legislative reforms to stop the unwanted harassment of consumers resulting from trigger lead abuses. We commend Senators Jack Reed and Bill Hagerty for introducing the Homebuyers Privacy Protection Act to protect consumers while preserving the legitimate use of trigger leads in appropriately narrow circumstances during a real estate transaction.”
–MBA President and CEO Bob Broeksmit, CMB

FOMC Holds Rates Steady

The Federal Open Market Committee held interest rates steady yesterday–as many forecasters had predicted.

Quote: Dec. 14, 2023

“It is all about the pace of cuts from here. This is good news for the housing and mortgage markets. We expect that this path for monetary policy should support further declines in mortgage rates, just in time for the spring housing market.”
–MBA SVP and Chief Economist Mike Fratantoni, discussing Wednesday’s Federal Open Market Committee decision to hold interest rates steady.

Quote: Dec. 11, 2023

“As in recent months, job growth has been concentrated in just a few sectors, notably health care, government, and leisure and hospitality, while employment is little changed or declining in other sectors.”
–MBA Senior Vice President and Chief Economist Mike Fratantoni

Fed Holds Rates Steady

The Federal Reserve’s Federal Open Market Committee announced it would be holding the target range for the federal funds rate unchanged yesterday, as it continues to aim for a 2% objective for inflation.

September Jobs Report Exceeds Expectations

The job market remained quite strong in September, with nonfarm employment increasing by 336,000, the U.S. Bureau of Labor Statistics reported Friday.