Items Tagged with 'Interest rates'

ARTICLES

Here’s the real danger to the recovering housing market

First American explains new construction’s future role in housing
As interest rates increase, experts look at what that will mean for the future of the housing market, and what changes are coming in 2017. First American’s senior vice president and chief economist talks about some of the dangers, especially for first-time buyers.
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Fannie Mae, Freddie Mac hike mortgage modification interest rate for first time in 2016

Benchmark rate increased back to February 2016 level
The market mortgage interest rates aren’t the only ones on the way up, as Fannie Mae and Freddie Mac announced Wednesday that they are increasing the benchmark interest rate for standard mortgage modifications to a level not seen in 10 months. The increase will be the first time that the GSEs increased the modification benchmark interest rate in 2016.
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Here's the real impact of the post-Trump interest rate spike

Far fewer borrowers with incentive to refinance; homes are less affordable
While still low by historic standards, interest rates are roughly 50-basis points higher now than they were before Donald Trump won the election, and a new report from Black Knight Financial Services shows the real impact of that increase on borrowers and potential borrowers. The bottom line, according to Black Knight’s report, is that housing is less affordable right now than it was before the election.
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Higher mortgage rates make waves in housing market

Even a small change affects debt-to-income ratios
Interest rates increased significantly the first week after President-elect Donald Trump won the presidential election. Now, that increase is affecting the housing market and it has become a deal-breaker for some homebuyers.
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Chance of a Fed rate hike in December? 100%

Bloomberg forecast based on futures trading
With less than a month left before the final Federal Reserve meeting of the year, Bloomberg rates the chances of a Fed interest rate hike at 100%, according to calculations based on futures. Will the Fed finally decide to raise rates again for the first time since last December?
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Yellen sends strong signal Fed is close to raising rates again

Does not mention new President-elect
Janet Yellen spoke before Congress’ Joint Economic Committee about the possibility of raising interest rates. Though the markets have shown significant changes since last week’s elections, she did not mention the new president-elect. Instead, Yellen focused on what the market needs to see to justify a rate hike in December.
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