Recently, the Federal Reserve announced it will be making another rate cut. This was an expected move that was well-covered in the news. However, it has had an averse effect on the mortgage market. We’ve seen mortgage interest rates go up before and after this Fed policy change was officially Continue Reading →
All signs are pointing to another Fed rate cut next week. The Federal Open Market Committee (FOMC) will be meeting October 29-30. Even though the Federal Reserve has cut interest rates twice already this year in policy-easing measures, they are likely to approve another quarter-point reduction. This will take the Continue Reading →
As we look at some of the mortgage data released by the Mortgage Bankers Association (MBA) from September 2019, one thing definitely stands out. Credit availability increased slightly this past month after a large decline in August. In fact, the 3.9 percent drop in August represented the largest monthly decline Continue Reading →
The Trump administration has been working to move the government’s mortgage finance companies, Fannie Mae and Freddie Mac, back into privatized companies. This move should ultimately have a major impact in the U.S. housing industry. Changes Announced The announcement was made official Monday by the Treasury Department and the companies’ Continue Reading →
The National Association of Realtors (NAR) reported that existing-home sales in August were the highest they’ve been in 17 months. They were up 1.3% from July and gained 2.6% over August 1018’s sales rate. What Are Existing-Home Sales? As the term implies, existing-home sales refers to completed resales of existing Continue Reading →
