Last week’s DataDigest offered readers a host of housing forecasts from industry experts at banks, trade associations and more, the thrust of which was housing professionals should expect a modestly better year of sales thanks […]
Federal Reserve Bank of Philadelphia President Patrick Harker stressed the importance for the central bank to lower interest rates – just not in the immediate future. Speaking today in an interview with the Philadelphia radio […]
The average long-term mortgage rate dropped below 7% to its lowest level since early August, another boost for prospective homebuyers who have largely been held back by sharply higher borrowing costs and heightened competition for […]
The Federal Open Markets Committee (FOMC) held its short-term policy interest rate steady at a range of 5.25% to 5.5% at its last meeting of the year on Wednesday. It was the fourth pause recorded […]
The housing market cheered as the Federal Reserve signaled interest rate cuts next year after making a series of rapid rate hikes starting in 2022. While the central bank did not completely rule out the […]
After today’s jobs report, which showed unemployment at 3.7%, it’s now clear that the Federal Reserve does not need to create a job-loss recession to bring down the growth rate of inflation. The Fed has […]
The US housing and mortgage markets are thunderstruck by The Fed’s attempts at cooling inflation down to 2%. After a small bounce last month – following the puke in August – pending home sales dropped 1.5% MoM in […]
Federal Reserve Chair Jerome Powell left the door open to a future interest rate hike on Wednesday, but most housing professionals are hopeful that the Fed may be done hiking interest rates for 2023. Tight […]
The Federal Reserve System this week fined Birmingham, Ala.-based Regions Bank $2.95 million for “unsafe and unsound practices in its flood insurance compliance program and for flood insurance regulatory violations,” according to the Fed. The […]
NEW YORK, Aug 23 (Reuters) – A recent spike in U.S. bond yields has come alongside muted expectations for inflation, a sign to some bond fund managers that economic resilience and high bond supply are […]
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