Rising Rates Leave Fewer Affordable Home Options
New research conducted by First American has found that as mortgage rates have steadily risen (and look to continue this trend based on commentary from the Federal Reserve’s Open Market… Read more »
Category: Federal Reserve
Fed Raises Interest Rates by 75 Points
For the third time in a row, the Federal Reserve’s Federal Open Market Committee (FOMC) raised the nominal interest rate by 75-basis points at the conclusion of their scheduled two-day… Read more »
5 Reasons Home Equity Loans Are Coming Back
This piece originally appeared in the April 2022 edition of MReport magazine, online now. After more than two years of a pandemic-inspired housing boom, the housing market is quickly shifting… Read more »
Homebuilder Confidence on the Rise
According to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI), builder confidence in the market for newly-built single-family homes rose an impressive seven points to 37…. Read more »
The Week Ahead: Will Housing Starts, Permits Rebound?
The U.S. Census Bureau will release its latest number surrounding housing starts, permits, and completions for April. Numbers last month for March found housing data fell off the cliff. Housing… Read more »
How to Track Your Coronavirus Stimulus Check or Direct Deposit
The first coronavirus stimulus checks are hitting bank accounts this week. That means many people who have direct deposit are waking up to find an extra $1,200 in their bank… Read more »
Federal Reserve makes emergency rate cut amid coronavirus fears
The Federal Reserve unexpectedly cut its benchmark rate by half a percentage point in an effort to bolster the economy and calm coronavirus fears. “The coronavirus poses evolving risks to… Read more »
Federal Reserve ready to maintain rate, minutes show
Federal Reserve officials used to worry that if the U.S. unemployment rate dropped below 5% it would spark inflation, which would lead to higher borrowing costs, including mortgage rates. Now,… Read more »