What’s at stake: The Federal Reserve’s interest rate-setting body is expected to cut the federal funds rate by 25 basis points, but markets are also listening for hints of further and/or deeper cuts in the coming months. Expert quote: “There’s the possibility that the Fed will be sending mixed messages because the consensus probably won’t […]
Fed watchers anticipate rate cuts, watch for dissents Read More »
Several things happen on Fed Day–especially on the 4 out of 8 examples with updated rate forecasts from Fed members. The official announcement of a rate cut is typically the least important aspect. In fact, it is usually entirely unimportant in terms of its impact on mortgage rates. Instead, the bonds that determine mortgage rates
Mortgage Rates HIGHER (Not Lower) After Fed Rate Cut Read More »
President Donald Trump has been considering declaring a National Housing Emergency over the past few weeks, and some housing organizations are putting in requests for items to be included. The Community Home Lenders of America and the Community Associations Institute jointly asked the administration Wednesday to allow the Federal Housing Administration to insure loans on
Housing organizations call for condo loan flexibility Read More »