Experts weigh in on what the interest rate hike by the Fed on Wednesday means for the mortgage industry, especially HELOCs, which are likely to get impacted. Click through to learn what they had to say.
Read More »How do Consumers View Home Price Growth?
In a market filled with data on rising home prices, what are homebuyers and owners making of growing home prices? Here’s what a New York Fed survey found.
Read More »Can Stable Rates Ramp up the Homebuying Season
Mortgage rates held steady, according to Freddie Mac, continuing a trend that has been observed since mid-February. But will homebuyers remain undeterred if they rise?
Read More »Powell’s Congressional Testimony Backs Further Interest Rate Hikes
On Tuesday, Federal Reserve Chairman Jerome Powell made his first appearance before Congress since being sworn into the role. Remarking on the strengthening U.S. economy, Powell told Congress that “some ...
Read More »Stress Test Scenarios: Home Prices and Mortgage to Rise
Unemployment, exchange rates, prices, income, and interest rates are some of the economic factors that will reveal whether banks in the U.S. are armed with robust capital planning processes ...
Read More »The Fed on Tax Reform, Inflation
The Federal Reserve released the minutes for the Fed’s December 2017 Federal Open Market Committee meeting on Wednesday afternoon, providing insights into the recent decision to increase interest rates, as well as ...
Read More »Home Prices Rising, Too Much in Some Areas
CoreLogic’s February 2017 Home Price Index Report (HPI) reported gains both year-over-year and month-over-month. Home prices including distressed sales rose one percent month-over-month, and seven percent year-over-year. Some areas, particularly in the western U.S., are still harmed by low inventory. In much of California, Washington, and Oregon, home prices are considered “overvalued” as prices were over 25 percent above sustainable levels.
Read More »Home Prices Rising, Economy Can’t Keep Up
Many areas of the U.S. have seen home prices exceed supporting economic fundamentals, according to a report from Fitch Ratings. Areas such as Texas and Florida have seen increases in home prices that have led top overvalued homes, as inflation can't keep up.
Read More »Richmond Fed President: Central Bankers Can Spur Economic Growth
In a speech at the Johns Hopkins Carey Business School, President of the Federal Reserve Bank of Richmond Jeffrey M. Lacker discussed monetary policy, inflation, and how the central bank can help spur economic growth.
Read More »Home Prices Rising Twice as Fast as Inflation
Home prices rose 4.9 percent over the last 12 months in September 2015, up from the 4.6 percent increase in August 2015, according to the S&P/Case-Shiller Home Price Indices released Tuesday.
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