Last year, we saw how the trade war with China had a significant impact on all United States financial markets, including the mortgage market and its interest rates. That situation actually helped mortgage rates remained relatively low in 2019. By the end of the year, we were experiencing nearly historic Continue Reading →
The Federal Reserve has had a dramatic year. The U.S. Central Bank announced Wednesday that it will not be changing interest rates again this year, and it looks like they might hold steady in 2020, as well. Fed Rate Changes in 2019 The federal funds rate was raised nine times Continue Reading →
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 →
We’ve talked a lot about mortgage rates on the Transparent Mortgage Blog lately, but it’s a good time now to check on what’s been happening with home prices. They seem to be on the rise once again. Home Price Index Data CoreLogic released its Home Price Index (HPI) for July Continue Reading →
