Tag Archives: 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.

With rising interest rates, the average loan amount decreased between December and January.

Positive outlook for the housing industry was presented by Federal Open Market Committee, with statements that gradual rate increases are probable in the future.

According to a report from the Urban Institute, the value of the housing market, housing affordability, and availability of credit are all on the rise.

Citing a slowly strengthening economy, the Federal Reserve decided against changing interest rates at their Wednesday meeting.

For the first time in a year and only the second time in a decade, the Federal Open Market Committee raised the federal funds target rate. What implications does the Fed rate hike have for housing going forward?

While one economist noted that the tone of the FOMC's announcement was largely positive, the Committee also said they expect inflation to stay well below the target of 2 percent for the foreseeable future.

The latest inflation figures prompted Fed Governor Daniel Tarullo to say that the U.S. economy is "not running hot."

Although the Federal Open Market Committee (FOMC) did not raise the federal funds rate at the April meeting, even with further improvement observed in the housing sector, there has been ongoing speculation about if the Fed would make a move this month.

Michael Reddington, EVP of Retail at Envoy Mortgage sat down with MReport to explain how lenders should handle refinance business at a time when rates are so low.