Housing Market
FOMC Pauses at 3.75% After Three Straight Rate Cuts
Federal Reserve officials voted 10–2 to hold rates at 3.5%–3.75% as Powell cited solid growth, cooling labor risks, and continued housing weakness.
January 29, 2026
Federal Reserve officials voted 10–2 to hold rates at 3.5%–3.75% as Powell cited solid growth, cooling labor risks, and continued housing weakness.
Jerome Powell discussed housing, mortgage rates, and MBS holdings at NABE. Byron Lazine breaks it down on today’s Hot Sheet.
The FOMC press conference with Jerome Powell marked a 25 bp cut, SEP projections for two more cuts, and mortgage rates holding near 2025 lows.
President Trump’s rare visit to the Federal Reserve featured sharp criticism of a $3.1 billion renovation project and renewed pressure on Chair Jerome Powell to cut interest rates. Meanwhile, Calculated Risk Blog’s FOMC Preview signals no policy change this week.
Fed Chair Jerome Powell testified before the House on June 24, facing tough questions on rate policy, housing affordability, and inflation. Byron Lazine broke it all down on the Wednesday Hot Sheet; catch the key moments and what it all means for housing.
At the June 17–18 FOMC meeting, the Federal Reserve held rates steady and maintained its forecast for two rate cuts in 2025, while Fed Chair Jerome Powell warned that rising tariffs could drive inflation higher in the months ahead.
During his appearance on FOX Business Live’s Mornings with Maria, Grant Cardone blamed Fed Chair Jerome Powell for the housing affordability crisis, sparking a lively debate with Wall Street veteran Kenny Polcari over interest rates and market recovery.
At the May 2025 FOMC meeting, the Federal Reserve held interest rates steady at 4.25%–4.5%, with Chair Jerome Powell emphasizing a wait-and-see approach amid mixed signals—resilient consumer spending, low unemployment, and lingering inflation.
Testifying before the Senate Banking Committee, Fed Chair Jerome Powell addressed the housing market, stating that mortgage rates remain high due to long-term bond yields—not Fed policy. Read his full remarks on affordability, supply, and future rate cuts.
Powell just weighed in on housing at the latest FOMC press conference, noting that long-term mortgage rates are rising for reasons “unrelated” to Fed policy, while acknowledging that higher rates remain a significant hurdle for housing activity.
At the December FOMC press conference, Fed Chair Jerome Powell announced a federal funds rate cut of 25 basis points. Here’s a breakdown of his statements on housing and the U.S. economy for the last FOMC meeting of 2024.
At the November FOMC press conference, Fed Chair Jerome Powell announced a 25 basis point cut to the federal funds rate. Here’s a breakdown of his statements on housing and the U.S. economy following the 2024 presidential election.
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