The Federal Reserve’s Open Market Committee (FOMC) chose to forgo the opportunity to raise the central bank’s nominal interest rate at the conclusion of their September meeting, a repeat of the action the committee last took in June after hiking rates in July.
Read More »Here’s Where You’ll Get the Biggest Home Equity Loans
With home equity at all-time highs, now estimated to be some $28.7 trillion of it, you will not get the same size home equity loan everywhere. Here’s where you will get the biggest bang for your buck.
Read More »Servicemembers Remain Optimistic About Housing Market
While the state of the market has made purchasing a home more difficult, military servicemembers—both past and present—face additional challenges such as frequent relocations due to changing orders.
Read More »Federal Reserve Continues Rate Hikes
For the third time in a row, the Federal Reserve’s Federal Open Market Committee (FOMC) raised the nominal interest rate by 75-basis points at the conclusion of their scheduled two-day meeting to a rate of 3.00-3.25%. This marks the highest ...
Read More »Increasing Prices Limiting Access to Homeownership
It’s no secret that the combination of rising home prices along with a trend of increasing interest rates have made buying the typical single-family home much more expensive, if not completely unaffordable for many. According to Joint Center for Housing Studies ...
Read More »Fannie Mae Revises Housing Outlook, Adjusts Recessionary Predictions
The confluence of market forces that are currently weighing on the market is shaking up long-term forecasts. Here’s why Fannie Mae Chief Economist Doug Duncan thinks “it’s unlikely the economy will avoid a modest recession.”
Read More »On the Horizon: Insights From the JCHS
The Joint Center for Housing Studies at Harvard University takes a look at a few key datapoints, which give a better picture of how the market is faring as we near the year’s halfway point.
Read More »Fed Raises Nominal Interest Rate by 0.75%
Three-quarters of a point. This is the amount the Federal Reserve chose to raise the nominal interest rate by citing the need to combat the highest rate of inflation since the 80s. To put that another way, this is the ...
Read More »Budgets Stagnate When It Comes to the American Dream
Wages are up, but homebuyer budgets have remained flat over the past three months, meaning the market is seeing its slowest growth rate in two years. This information comes to us from a new analysis by Redfin which found that ...
Read More »Adding Up: Rising Rates’ Financial Impact
Mortgage rates have surpassed 5% lately, due in large part to increases to the federal interest rate by the Federal Reserve who in addition to raising the rate twice this year, is expected to have further increases for the foreseeable future. ...
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