Washington, DCCNN — The Federal Reserve has raised interest rates to their highest level in 22 years in an aggressive bid to curb inflation, and there’s a chance that more rate increases may still be on tap if […]
As recently as three weeks ago, most Federal Reserve officials said they still viewed high inflation as an ongoing threat that could merit additional interest rate increases. That’s according to the U.S. central bank’s July […]
A second consecutive benign set of inflation prints adds to optimism that the Fed rate hike cycle is at an end and a soft landing is achievable for the US economy. We continue to have our […]
Mortgage rates have climbed closer to 7% again this week, as July’s sustained high rates week after week have made it 2023’s roughest month for home buyers. The average 30-year fixed-rate mortgage rose to 6.81% for the […]
WASHINGTON (Reuters) – Since the Federal Reserve decided to keep interest rates on hold at its June 13-14 policy meeting, U.S. central bank officials have given every indication they are ready to approve another small […]
SYDNEY, July 12 (Reuters) – Two top Australian banks said the number of home loan customers missing repayments remained below pre-COVID levels as a spike in living costs slows their discretionary spending, a sign that […]
HSBC and Nationwide have announced big increases to their fixed mortgage rates, piling more pain on beleaguered borrowers, writes Jo Thornhill. Nationwide building society will increase its fixed rates by up to 0.35 percentage points from […]
Lenders are significantly increasing the cost of mortgage borrowing, as was widely expected following last month’s inflation news, to the dismay of beleaguered borrowers, writes Jo Thornhill. The headline rate of inflation fell from 10.1% to […]
As homeownership levels sank, rental housing levels increased. The post OUCH! US Homeownership Rate at Lowest Level Since 1970 appeared first on Weekly Real Estate News.
March 8 (Reuters) – Federal Reserve Chair Jerome Powell on Tuesday foreshadowed key elements of the central bank’s upcoming rate-setting meeting: A half-point increase is on the table and updated policymaker forecasts are likely to […]
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