The Ticker

Freddie Mac: Mortgage rates continue upward trend

Historically low rates still pushing up
The 30-year fixed-rate mortgage increased again this week, however it does not seem to bother homebuyers as rates are still near historical lows. On the other hand, the 10-year Treasury yield remained flat. Here, the Freddie Mac chief economist explains why.
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Despite "largely positive" news, FOMC holds on raising interest rates in July

Next meeting scheduled for September
The Federal Open Market Committee chose to forgo raising the federal funds rate in its latest July meeting as the market starts to recover from the initial impact of Brexit. The news, however, appeared more upbeat, leaving people to question what will happen in the next meeting. As it stands, there are only three meeting left this year.
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Bay Area's high housing costs leave local commuter trains without engineers

New rail line cites housing costs in struggle to find employees
The famously high cost of housing in San Francisco and the surrounding Bay Area has a new commuter train line in desperate need of new engineers as candidates for the position repeatedly tell the Sonoma-Marin Area Rail Transit agency that it's simply too expensive for them to live where they’d be working.
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