Tag Archives: Jerome H. Powell

With mortgage rates continuing to edge closer to the 8% mark, home builders have reduced home prices in order to boost sales. Just how many reported cutting home prices in October? We’ve got the answers.

NAR, along with the Independent Community Bankers of America and Community Home Lenders of America, have issued a joint proposal to the FHFA, the White House, the Treasury Department, and the Federal Reserve Board, designed to help ease mortgage affordability. Here’s what they propose.

This latest action by the Federal Reserve to raise rates is intended to remove money from the economy, reduce demand, and drive prices lower as inflation nears a 40-year high.

A strong economy and positive employment numbers factor into the Federal Reserve’s decision not to raise rates.

Fed Chair Jerome Powell will testify this week at a hearing charting the course of the U.S. economy moving into Q3 and beyond.

Federal Reserve Chair Jerome Powell has opted to keep rates locked in near 0%, as the economy continues to shake off the effects of a year-long battle with the pandemic.