The Fed announced its decision moments ago
Observers have seemed nearly certain that the Fed will hike rates later this month – but at least one Fed official is counseling patience
Rising home prices and stagnant wages have cemented a system where more and more household disposable income is going to housing, something that is unsustainable. Since 1975, home prices and inflation have continued to skyrocket, while real wage growth has remained mostly stagnant.
The bond and MBS markets are in good technical shape now, but rates are expected to decline more as long as the economic news here and globally continue to slow.
Preliminary data showed wages and salaries climbed by $66 billion in the third quarter. The headline good, but the guts a little less so on the second quarter revisions.
The lender-placed insurance market has continually been under fire over allegations of conflicts of interest and inappropriate business practices. Lawmakers are urging that this controversial type of homeowner's insurance be put to an end.
Lawmakers grilled FHFA Director Mel Watt this morning and pushed for a move toward dismantling the mortgage giants to set up a new housing finance framework.
October housing starts and permits are expected to increase, but multifamily development will still outpaced single-family construction.