- Sep 16-17, 2025|San Diego, CA
Federal Reserve Chair Jerome Powell said that during committee deliberations there was almost no support for a 50 basis point reduction to short term interest rates.
"There wasn't widespread support at all for a 50bps cut today, " Powell said. "We've done very large rate hikes and very large rate cuts in the last five years, and you tend to do those at a time when you feel that policy is out of place and needs to move quickly. That's not at all what I feel, certainly now."
Newly confirmed Federal Reserve Gov. Stephen Miran was the only member one who cast a dissenting vote, citing a preference for a 50 basis point cut. Stakeholders have previously noted they are keeping an eye out for members who vote for higher cuts, positing that they might be vying to be the next Fed chair after Powell's term as chair expires in May 2026.
A lack of enthusiasm around cutting rates even further stemmed from continued concern that tariffs and immigration policies could drive up inflation.
-
Properties with default notices, scheduled auctions and REOs are up by double digits compared to last summer as buyers are mired in a high-cost environment.
September 11
-
The Consumer Financial Protection Bureau told its staff to expect an upcoming reduction in force because the agency's budget was cut in half by the president's recently passed tax and budget bill.
September 11
-
The opening trades were at $11 higher than what Figure priced the initial public offering, and in early action, the stock has ranged from $32 to $37 per share.
September 11
-
The 30-year fixed rate mortgage had its largest decline in a year as it is universally anticipated the Federal Open Market Committee will cut short-term rates.
September 11
-
The White House has appealed a D.C. District Court ruling allowing Federal Reserve Gov. Lisa Cook to remain on the Fed board pending the outcome of her challenge to President Trump's moves to fire her.
September 11
Only 20% of the Top Producers in the National Mortgage News survey were under 40, while almost half were between 41 and 50, and 30% even older.
Those who raced ahead of the pack of loan originators last year went the distance by offering exceptional customer service, catering to niche pockets of demand in the market.
-
Bill Pulte, director of the Federal Housing Finance Agency, may have violated federal privacy laws by releasing personal information on mortgages taken out by Federal Reserve Gov. Lisa Cook — actions that served as a basis for President Trump's efforts to remove her from office late last month.
September 11
-
Consumers are more interested in reporting rental pays to the credit bureaus as landlords become less involved, according to TransUnion.
September 10
-
Falling interest rates led to a rush in refinancing, but slowing purchase activity brought a decline in overall lock volumes, according to Optimal Blue.
September 10
-
Fairway Home Mortgage wants to give its loan officers tools to analyze data in order to spend more time helping their customers than going through paperwork.
September 10
-
Treasuries rose, led by short-dated notes, after a reading on wholesale inflation came in weaker than expected, cementing bets that the Federal Reserve will start to cut interest rates next week.
September 10
