




Christopher Waller and Michelle Bowman on Friday took to the airwaves to express their opinions about current conditions. The Fed’s evolving stance on rate cuts could shape mortgage rate trends and housing affordability in the months ahead.

A new ICE Mortgage report showed that total mortgage originations reached their highest level since 2022, driven by a surge in refinance activity and improved borrower retention.

While U.S. housing starts rose for the third consecutive month due to multifamily housing activity, January saw a decline in single-family homebuilding, as worker sentiment, declining permits, and increasing volatility are projected to remain obstacles for home builders in the 2026.

At a press conference after the 11-1 vote, Fed Chair Jerome Powell also made clear that he intends to maintain his post until a DOJ investigation is over and his successor is confirmed.
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