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 »How Record-Low Mortgage Rates Could Fall Further
Having already taken drastic actions to push mortgage rates low, it is unlikely the Federal Reserve will push rates lower this year.
Read More »Monitoring the Triggers for Financial Distress
The Fed’s first Financial Stability Report assesses the triggers that can impact the economy’s monetary stability. Watch this video to learn what the Fed Chairman, Jerome Powell had to say about this report’s findings.
Read More »The Fed’s Latest RMBS Purchase
The Federal Reserve purchased over $7 billion in agency mortgage-backed securities last week--see the details of the purchase as well as who might be in line to take over for Fed chair Janet Yellen here.
Read More »Watch Out for the Little Guy
With banking regulations becoming more strict, it may be hard for small banks to stay afloat. What are federal regulators doing to keep community banks competitive?
Read More »Consumer Borrowing: Smallest Increase in 6 Years
Recently, the April 2017 Consumer Credit report was released, revealing all of the outstanding credit extended to individuals for household, family, and other personal expenses, excluding loans and real estate for the past month. April marked the smallest increase in consumer borrowing in six years. The Federal Reserve reported total consumer credit rising 2.6 percent, increasing the $8.2 billion in April compared to March’s revised $19.5 billion.
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