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Mortgage rates remain in a volatile range despite the Fed’s decision to keep short-term interest rates unchanged. Analysts expect modest declines in mortgage rates, but uncertainty looms as economic policies—including tariffs—could keep inflation stubbornly high, limiting the Fed’s ability to cut rates later this year.

Citing that the unemployment rate has stabilized at a low level in recent months, and labor market conditions remain solid, the Federal Open Market Committee voted on Wednesday to keep the fed funds rate in the 4.25% to 4.5% range in the near-term.

Mortgage rates have been moving lower in recent weeks, even after the Federal Reserve’s decision to pause its rate-cutting cycle. But mortgage executives and housing economists don’t believe this trend will continue long enough to meaningful impact mortgage demand or home sales.

In this edition, National Mortgage Professional proudly celebrates nine exceptional individuals whose contributions set them apart. With careers spanning 10 years to over four decades, these Titans represent the spectrum of leadership, from rising stars to seasoned executives in the C-Suite.

The Executive Team of PROGRESS in Lending has named the top industry innovations of the past year. This honor is the Gold Seal when it comes to recognizing true industry innovation.

I’ve written numerous articles about this transition, but today I want to highlight a significant difference between the past and the future reports.

Interest rates will stay higher for longer as the Federal Reserve pauses further interest rate cuts to give inflation room to drop closer to its 2% target rate.  

Forecasts for policy from Wednesday’s Federal Open Market Committee’s meeting suggested the FOMC would cease cutting short-term rates for the first time since September and indeed it did.

We need industry thought leaders if mortgage lending is going to advance moving forward. As a result, for the 5th year in a row PROGRESS in Lending is honoring industry thought leaders.

Voxtur Analytics Corp. is is now integrated with MeridianLink Inc., a provider of software platforms for financial institutions and consumer reporting agencies.