Mortgage applications skyrocket more than 25%

Mortgage applications skyrocket more than 25%

Big pre-TRID rush boosted final week of September

Is it OK to gatecrash a Realtor’s open house?

Yes, but only if you follow this Reddiquette

CoreLogic: Home prices rose 6.9% annually in August

Forecasts calls for 4.3% growth by August 2016
Investments / The Ticker

IMF forecasts interest rates lower than Fed's estimates

Rate path well below Fed's median rates

pile of coins

According to the International Monetary Fund, the Federal Reserve will be able to hike interest rates gradually given the slack in the labor market and continued low inflation, with the first hike likely to come in midsummer of 2015. Per MarketWatch:  

But after that their rate paths diverge,  with the IMF staff’s expected rate path well below the median of the estimates of top Fed officials in the latest “dot-plot” released in June.

The IMF staff assumes a rate hike at every other meeting once the central bank starts to tighten, said Nigel Chalk, deputy director of the IMF’s Western Hemisphere Department.

See article for chart on expectations for future policy rates. 

Source: MarketWatch
Read full story

Recent Articles by Brena Swanson

Comments powered by Disqus