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Tag Archives: the fed

Pending Home Sales Down 17% YoY

Pending home sales are down nearly 20%, representing the biggest decline in over four months, but people are still showing interest in homebuying despite the total number of U.S. homes for sale declining 6% from last June.

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Echoes of the Great Recession


Home lending in some areas of Cleveland Fed’s region has not yet fully recovered from the housing crisis. Here are the factors that are still impacting housing in this area.

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FOMC Hikes Interest Rates; Will Mortgage Rates Follow?

The Fed has voted for the second time this year to raise interest rates, a decision that was hinted at back in March by Janet Yellen, FOMC Board of Governors Chair. The FOMC is of the opinion that waiting too long to scale back accommodations could potentially cause a rapid increase in rates, which could disrupt the market and send the economy into another recession. It is currently unclear how the hike in interest rates will affect mortgage rates.

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