Source: Housing Wire — When Federal Reserve Chairman Jerome Powell talked about a housing reset in June, it sent shockwaves around the country because it sounded so ominous. In the most recent FOMC meeting, held last week, Powell finally clarified what he meant...
Source: Fortune — Fed Chair Jerome Powell has made it clear: We aren’t watching the U.S. housing market normalize, we’re watching it “reset” through a “difficult correction.” “For the longer term what we need is supply and demand to get better aligned so that...
Source: Yahoo — John Paulson became a billionaire after his hedge fund effectively shorted more than $25 billion of mortgage securities at the dawn of the global financial crisis. As he sizes up yet another frothy housing market some 15 years later, the founder...
Source: Investopedia — When interest rates fall, many homeowners will refinance their mortgage to lock in a lower interest rate, which can reduce a borrower’s monthly payment or allow a homeowner to build equity more quickly. However, one group of...
Source: The New York Times — As the average 30-year mortgage rate eclipses 7 percent, home buyers and sellers are confronting sticker shock. The interest rate for the most common home loan in the United States surpassed 7 percent this week, by one measure — the...
Ex-Massachusetts Real Estate Executive Sentenced for Tax Fraud and Obstruct…
