Articles Tagged with ''Interest rates''

From HW Magazine

HOT or NOT September: What's trending in housing right now

Interest rates, bank earnings, new GSE credit score models and more make this month's list
Rising interest rates, bank earnings, the FHFA's decision regarding new credit scoring models for the GSEs. Click to see what's hot and what's not!
Read More

Monday Morning Cup of Coffee: Quicken Loans/United Wholesale drama continues

Also, Sen. John McCain dies, Powell talks rates and Warren Buffett slashes beach house price
Senator John McCain died Saturday at 81 after a year-long battle with brain cancer. Also, there’s a bit of a situation happening between Quicken Loans and United Wholesale Mortgage, and it’s been a virtual he-said, she-said all week. We've got a recap for you. In case you missed it, Federal Reserve Chair Jerome Powell talked rates on Friday. Plus, the Internet is freaking out because Warren Buffett has apparently overestimated the value of his California beach house.
Read More

Powell defends Fed’s approach to monetary policy

Expects to continue raising interest rates
Federal Reserve Chair Jerome Powell defended the Fed’s current approach to monetary policy in a speech at the Jackson Hole symposium on Friday. In his speech, he outlined the current state of the U.S. economy and expressed his view that, for now, rate hikes will likely continue.
Read More

Freddie Mac: Mortgage rates decrease slightly but there's no relief in sight

Affordability threatens homebuyer demand
Mortgage rates decreased by just a few basis points, but remain above 4.5%, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater said it’s clear that in some markets the combination of ascending home prices, limited affordable inventory and this year’s higher rates are curtailing homebuyer demand.
Read More

First-time homebuyers dominate mortgage market

Continue to outnumber repeat buyers
First-time homebuyers may be facing rising affordability issues, but they are still outpacing the share of repeat buyers in the housing market. This is nothing new, as first-time homebuyers have dominated the mortgage market for the past 10 years, but the latest data from the Urban Institute shows that gap actually continues to grow.
Read More

LIBOR pushes ARM rates higher, borrowers brace for impact

Majority of increase yet to be felt
As home prices rise and interest rates increase, potential home buyers are not the only ones affected by the affordability changes. Homeowners who previously bought their home using an adjustable-rate mortgage are now seeing an increase in their monthly mortgage and interest payments, with more increases yet to come.
Read More

Fed still expected to raise rates after criticism from Trump

Market looking for 2 more increases in 2018
Despite recent criticism of the rising interest rate environment, the Federal Reserve is still expected to raise rates twice more in 2018. And while the Fed is unlikely to raise interest rates during its July meeting, experts explain it is still on track for two more rate hikes in 2018.
Read More

Trump "not thrilled" with interest rate hikes

In an interview with CNBC, Trump criticized the Fed's decision to raise interest rates
President Donald Trump says he is "not thrilled" with rising interest rates and that he is "frustrated" with the Federal Reserve. The president said he fears raising interest rates could jeopardize the economic recovery.
Read More