Rates also took a breather after three weeks of consecutive increases
As broadly predicted, the Fed hiked the benchmark interest rate this week. But what does that mean for originators?
Real estate needs a pick-me-up, something of a surprise considering that home values remain below 2007 prices and mortgage rates continue to hover around 4%.What can we do to perk-up the housing sector? One answer might be help from the Federal Reserve.
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?