Source: Realtor.com — Mortgage rates are skyrocketing thanks to the Fed, but buyers who can tough out this difficult, changing market will be rewarded. The 30-year fixed-rate mortgage averaged 5.27% for the week ending May 5, according to data released by...
Source: Zillow — Economic data releases last week were largely in line with expectations, with GDP declining slightly in the first quarter, price indicators showing continued inflation and jobless claims highlighting continued tightness in labor markets. New...
Source: CNBC — The Federal Reserve raised its target federal funds rate by a half point at the end of its two-day meeting Wednesday, notching the largest increase in the benchmark in more than 20 years. “The Federal Reserve is behind the curve,” said Greg...
Source: Scotsman Guide — The Federal Reserve has raised benchmark interest rates by 0.5 of a percentage point, the largest such increase in 22 years. The central bank announced the hike after the Wednesday meeting of its Federal Open Market Committee (FOMC) as...
Source: Housing Wire — Don Layton, the former CEO of Freddie Mac recently penned what can only be described as an attack piece on mortgage originators from his seat as a fellow at the JCHS, Harvard’s Joint Center For Housing Studies. But what Mr. Layton has...
Source: Mortgage News Daily — Today brought the much-anticipated policy announcement from the Federal Reserve. Many people mistakenly believe that the Fed’s present day decisions to hike/cut its policy rate (the “Fed Funds Rate”) are...
Reports: Fannie Mae Executives Fired in New Round of Layoffs
