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What will the Fed do next? Follow the economy, not what Jerome Powell says
Source: CNN --- New YorkCNN Business — The stock market has been on a roller coaster ride, largely because of Wall Street’s shifting expectations about whether the Federal Reserve is going to slow down the pace and size of its interest rate hikes. The Fed briefly...
Mortgage rates fall for first time in months
Source: The Hill --- Mortgage rates dipped slightly last week for the first time in more than two months amid the Federal Reserve’s ongoing fight with inflation, according to data released Wednesday by the Mortgage Bankers Association (MBA). The MBA’s weekly survey...
Mortgage rates are soaring. Is it still OK to refinance your home?
Source: Yahoo! News --- Mortgage rates, over 7% or so, are at their highest levels in 20 years and loan applications are down. So, it should follow, that homeowners looking to refinance loans would also be headed to the sidelines in droves. But according to experts,...
Mortgage Rates Too High? (Blame the Fed, Wall Street and Your Neighbor.)
Source: The New York Times --- Mila Adams moved to Utah in May with her husband and toddler son to be closer to family, but they didn’t expect to be living with her husband’s parents nearly a half year later. The couple’s search for a home of their own became a race...
Can Utah plan its way out of its housing crisis? Here’s how it’s trying
Source: KSL News --- SALT LAKE CITY — Along with hundreds of city leaders across Utah and its Wasatch Front, Farmington Mayor Brett Anderson knows as well as anyone what haunts the debate over how in the world the rapidly growing state will confront its housing...
Mortgage demand falls slightly even as rates slip from recent highs
Source: Housing Wire --- Hispanic homeownership in the U.S. climbed significantly in 2020 – there are now 8.8 million Hispanic homeowners in the country, according to a report released this week by the National Association of Hispanic Real Estate Professionals. That’s...
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