Mortgage Market News: Fed Pauses Again, Housing Hits Weather Snag
For the second straight meeting, the Federal Reserve held interest rates steady, though not without internal debate. Housing activity showed mixed signals, with new home sales dropping and builders remaining cautious while pending home sales inched higher, as recent weather disruptions impacted parts of the country. At the same time, wholesale inflation came in hotter than expected alongside updates on unemployment.
For the second straight meeting, the Federal Reserve held interest rates steady, though not without internal debate. Housing activity showed mixed signals, with new home sales dropping and builders remaining cautious while pending home sales inched higher, as recent weather disruptions impacted parts of the country. At the same time, wholesale inflation came in hotter than expected alongside updates on unemployment.
