Holding the line on interest rates can be good for originators overall, but might have some negative impact in markets with tight inventory
The Fed will likely hold the line on short-term interest rates at its meeting next week
October's unemployment rate declined to 5.8%, but job creation missed expectations. Meanwhile, increasing realization is spreading that the Fed and other central banks cannot heal all problems; a message that is way past due.
He warns that raising rates after the economy reaches its agreed targets could spur another recession.
Recent data out implies there is still a very strong demand for U.S. treasuries even with the end of the Fed’s QE3.
Recent reductions in mortgage interest rates have expanded the population of borrowers who could benefit from refinancing, and now is the time for borrowers to lock in low rates.
No kitten around here. This couple received an extra $140,000 on their house sale because of their cat Tiffany. What’s the strangest thing you’ve encountered during the contract process?
In most cities that price will buy a pretty decent home, but in Southern California you get very little.