While the “if” and “when” of a recession remain uncertain, the Fannie Mae Economic and Strategic Research Group does forecast one to occur, expected to begin in the first half of 2024—despite increased chances of a “soft landing.”
Read More »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.
Read More »Fed May Repurpose Stimulus Plan Used During WWII
Could housing be a strength of the economy as officials plan to battle the next recession?
Read More »The Week Ahead: Will New Year Bring Increased Sales?
Also in The Week Ahead are reports on home price data, an index of pending home sales and the latest from the Federal Reserve.
Read More »Interest Rates Unchanged After Strong Jobs Report
The outlook for rates beyond 2020 looks much than 2019. Click through to see the Fed’s projections.
Read More »President Donald Trump Criticizes The Fed
A report by Bloomberg states that President Donald Trump has accused the Federal Reserve of behaving like a “stubborn child” as it decided to not lower interest rates. ...
Read More »How Is the Fed Preparing for a Possible Recession?
Is a recession heading our way in 2020? If so, what is The Federal Reserve doing to fight it? Well, that answer may change depending who you ask. ...
Read More »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.
Read More »Rising Mortgage Rates vs. Consumer Budgets
Mortgage rates rose again during the week according to a Freddie Mac survey, but here’s why the latest surge isn’t impacting borrowers … yet.
Read More »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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