Jerome Powell has been confirmed by the U.S. Senate for a second term as Chairman of the Board of Governors of the Federal Reserve System for a term of four years, by a vote of 80-19 (one senator did not vote).
Read More »Mortgage Rates Hit New 13-Year High
After a slight downtick last week, fixed-rate mortgages began an upward climb once again, with inflation reaching levels last seen in 2008.
Read More »Purchase Demand Remains, Despite Leveling Off of Rates
The surge in mortgage rates seen last week has slowed slightly, as Freddie Mac expects rates to continue to increase, but at a more gradual pace.
Read More »Mortgage Rates Down Week-Over-Week
The days of rates in the 3% range may be numbered, as yesterday’s actions by the Fed to begin tapering may put upward pressure on rates moving forward.
Read More »Measuring the Fed’s Tapering Impacts on the Mortgage Market
Fed Chair Jerome Powell has announced a slow tapering of the U.S. economy, as MReport examines the impact of the Fed’s actions on the nation’s housing market.
Read More »Rep. Waters Urges Regulatory Prevention of Unnecessary Foreclosures
Two letters written by the Chair of the House Financial Services Committee Maxine Waters request additional oversight to avoid pandemic-related foreclosures.
Read More »Mortgage Rates Slide for the Third Consecutive Week
Rates drop even further below 3%, as more are taking advantage of both purchase and refi opportunities with rates in continued record-low territories.
Read More »Mortgage Rates Not Dampened by Winter Blues
Mortgage rates hit their highest mark since August 2020 this week, but home shoppers continue to take advantage of record-low rates as the U.S. economy slowly comes back to life.
Read More »Fed ‘Running Out of Ammunition’ in Fight Against Coronavirus?
Fed Chair Jerome Powell reiterated that the U.S. economy remains strong, while one insider said the Federal Reserve is “running out of ammunition.”
Read More »The Week Ahead: Updates on Federal Financial Policy
Hear from Federal Reserve Chair Jerome Powell in his semi-annual monetary policy report to Congress in The Week Ahead.
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