This week, mortgage rates trended up while applications declined as the Federal Reserve sent out large signals that a rate hike is imminent in June, but Friday's employment report could completely derail those plans.
Read More »GDP Adds Fuel to the Fed’s Fire
The Bureau of Economic Analysis reported an upward revision to the first quarter gross domestic product, which some industry experts believe will not only signal better growth in the second quarter, but also motivate the Fed to raise rates.
Read More »A Certain Uncertainty: Fed Wary of Economic Outlook, Future Rate Hikes
The Federal Reserve has consistently been obscure in the details surrounding its monetary policy decisions, and the Federal Open Market Committee was abundantly clear on just how unsure they are about the future in regards to their recent decision to leave rates at their current level.
Read More »Fed Chair Yellen: Economic Risks May Deter Rate Hike Plans
In her testimony before the House Financial Services Committee on Wednesday when discussing monetary policy, Yellen pointed out factors that have weighed on aggregate demand, such as limited access to credit for some borrowers, weak growth abroad, and the dollar’s significant appreciation.
Read More »Rate Hikes Low on the List of Worries for Most Americans
Concern over what will happen now that the Fed has raised the interest rate for the first time in a decade‒‒and with further increases on the way‒‒is surprisingly minimal. Read on to see which group of Americans are not particularity worried about future rate hikes.
Read More »New York Fed President Says Rates Will Rise Gradually in 2016
New York Federal Reserve President delivers a rate hike forecast for coming year, but the economic outlook has not changed much at all.
Read More »Why are Mortgage Rates Still Falling Post-Rate Hike?
In December, during their final meeting of the year, the Federal Open Market Committee decided to raise the federal funds rate. Since then, the mortgage industry has been anticipating the effect this will have on the housing market, but so far, that effect has been little to none.
Read More »U.S. Housing Tough Enough for Another Rate Hike
Worries that the U.S. housing market may suffer the Fed’s first rate hike in a decade should be put to rest.
Read More »Fed Minutes: Rate Hike a Close Call
The Federal Reserve's daring move to increase the federal funds rate just before the end of 2015 was no surprise to most, but what the mortgage industry did not know was that this initial move would only the beginning of a series of events..
Read More »Here’s why the Fed’s Rate Hike Will not Affect Housing
As 2016 begins, the jury is still out on what the effect of last month’s long-awaited federal funds rate increase by the Federal Reserve will be on the economy, and on housing in particular.
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