The MBA, NAR, and NAHB have sent a letter to the Board of Governors of the Federal Reserve about the industry’s concerns over negative market impacts stemming from the Fed’s monetary policy actions.
Read More »Fed Forgoes September Rate Hike
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 »Fed No Longer Predicts Near-Term Recession—Industry Experts Respond
More commentary has come through focusing on the real estate market along with news that the Fed is no longer predicting a recession in the near future.
Read More »Fed Raises Rates by 25 Basis Points to 22-Year High
The Federal Reserve once again raised the interest rates at its Federal Open Market Committee meeting Wednesday, reaching levels last seen in 2001.
Read More »Fed Decides to Hold Interest Rates Steady at June Meeting
For the first time in 15 months, the Federal Reserve's Federal Open Market Committee moved to hold the nominal interest rate steady at a range of 5.00% to 5.25%.
Read More »Fed Hikes Interest Rates by 25pts
This is now the eighth consecutive rate hike, an increase of 4.5% since the hikes began.
Read More »Report: Home Prices Will Continue to Decelerate
In the month of June, housing markets in the Western U.S. began to show signs of slowing, as S&P CoreLogic Case-Shiller data found a 1.9% overall month-over-month slide in the price of houses across the U.S.
Read More »Fed Chair Powell Confirmed by Senate for Second Term
By an 80-19 vote, Jerome Powell has been confirmed as Chairman of the Federal Reserve Board by the U.S. Senate.
Read More »Fed Raises Rates to Curb Inflationary Concerns
Marking the largest increase in nearly 22 years, the Federal Open Market Committee raised interest rates by 50 basis points to a range of 0.75-1.00% amidst record-high inflation. The Fed will also allow $60 billion in Treasuries and $35 billion in MBS to roll off their balance sheet each month.
Read More »A Congressional Call to Strengthen Foreclosure Protections
Rep. Maxine Waters reaches out to federal agencies to increase mortgage servicing protections.
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