The FOMC has been talking about normalization for months now. Looking forward, they could start the process soon, and that will have consequences . . .
Read More »Fed Chair Calls for Looser Regulations
Janet Yellen sat in the hot seat in front of the Senate Thursday, completing the second half of her semi-annual testimony. What recommendations did she give the committee, and did they fall in line with recent calls by politicians in the CHOICE act?
Read More »Fed Stress Test Results: Near Unanimous Bank Approval
Results are in from the Fed’s Stress test of 34 banks, and nearly all banks passed with flying colors, causing the market to take off after hours. One bank, however, will have to resubmit before the end of the year…
Read More »Mortgage Rates Dip as All Eyes on Fed
On Wednesday, the Federal Open Market Committee (FOMC) will hold its monthly meeting—and in anticipation mortgage rates for both 30-year and 15-year fixed-rate loans, as well as 5/1 ARMS, dropped. While market watchers do not anticipate policy changes to come out of this month’s meeting, in light of last month’s interest rate hike it seems as if that is not enough to ebb the pre-meeting caution the market is experiencing. Though interest rates may not rise this month, the Fed has forecasted four hikes this year.
Read More »Neel Kashkari On “Too Big to Fail”
In a letter to shareholders, JPMorgan Chases CEO Jamie Dimon stated that the issue of "Too Big to Fail" has been solved. In an interview with Adam Shapiro on Fox Business, Minneapolis Federal Reserve President Neel Kashkari disagreed with this Dimon's statement. In addition, Neel Kashkari took issue with Dimon’s statement in his letter that banks are excessively capitalized, and that the capital standards should be lowered.
Read More »Home Prices Could Level Off Under Higher Interest Rates
Major metros could be especially vulnerable to rising interest rates, according to a new study by Pro Teck. San Francisco could see a 10 percent drop in home prices if rate rises more aggressively than predicted. Meanwhile, inventory in top-selling metros remains tight.
Read More »The Fed Funds Rate: Good for the Housing Market?
The Fed raised rates in 2017, and with two more rate increases this year likely, potential homebuyers will get into the market in order to buy a house before rates go any higher.
Read More »Fed Rate: Looking Forward
MReport had the opportunity to speak with McBride on Wednesday shortly before the Federal Reserve announced the rate increase.
Read More »Federal Reserve Confirms Rate Hikes, What’s Next?
Looking forward, experts discuss what effects the rate hike may have.
Read More »Hensarling and 33 Republicans Issue Warning to Feds
Republicans don’t want any new rulings coming from the Federal Reserve and may move to block any attempts from that agency.
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