President Donald Trump has drawn a firm line on housing policy — he doesn’t want prices to fall, even as affordability concerns dominate voter surveys and construction slows nationwide. “I don’t want to drive housing prices down. I want to drive housing prices up for people that own their homes, and they can be assured […]
Senior home equity at record high as Trump opposes price cuts Read More »
Modest Increase in Rates is a Win. Here’s Why Mortgage rates moved 0.03% higher today. On almost any other day, this would be a bit of a bummer, but in today’s case, it’s a victory. There was a ton of potential volatility in the underlying bond market heading into the day due to the scheduled
Modest Increase in Rates is a Win. Here’s Why Read More »
Federal Reserve Bank of Kansas City President Jeff Schmid said the US central bank should hold rates at a “somewhat restrictive” level, as he expressed continued concerns over inflation that remains too high. Processing Content “In my view, further rate cuts risk allowing high inflation to persist even longer,” Schmid said Wednesday in prepared remarks
Fed’s Schmid says restrictive rates needed to cool inflation Read More »