Keith Griffith

Federal Reserve policymakers believe another increase to the benchmark interest rate will likely be necessary by the end of the year, according to newly released meeting minutes.

MBA Chief Economist Mike Fratantoni predicts mortgage rates will remain above 7% through next year, due to inflation and budget deficits.

Mortgage rates will remain elevated above 7% through the end of next year, according to the forecast of a top housing economist with the Mortgage Bankers Association

Recent reforms to federal rules for manufactured homes could spur a boom in the sector and boost the supply of affordable starter homes, a top housing official says.

New inflation data released on Wednesday is raising the odds of a Federal Reserve interest rate hike later this month, potentially putting a spotlight on rising mortgage rates ahead of the midterm elections.

New inflation data released on Wednesday is raising the odds of a Federal Reserve interest rate hike later this month, potentially putting a spotlight on rising mortgage rates ahead of the midterm elections.

MBA Chief Economist Mike Fratantoni predicts mortgage rates will remain above 7% through next year, due to inflation and budget deficits.

Markets wasted no time pricing in the new inflation data, with investors raising the probability of a Fed rate hike in October to 35%.

For many U.S. homeowners, selling their house would mean losing a low mortgage rate that they may never be able to get again.

Federal Reserve policymakers will begin their two-day meeting to set interest rate policy on Tuesday, and the central bank is widely expected to hold off on further changes after hiking rates last month.