Articles Tagged with ''Federal Reserve''

This is how rates could impact mortgage lenders going into 2020

Report indicates the Feds could slash rates 0.75% next year
Although experts predict that 2019's economy will behave similarly to last year's, new data from Capital Economics suggests an oncoming economic slowdown will push the Federal Reserve to slash rates by 75bps come 2020. Several housing market experts weigh in on how this could impact the housing market.
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Federal Reserve appoints new economist to advise board

Stacey Tevlin appointed as director of the division of research and statistics
The Federal Reserve announced Friday the appointment of a new economist to advise the board. The new director of the division of research and statistics will, among other duties, brief the Federal Open Market Committee on the outlook of the U.S. economy.
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Dovish tone at Fed holds interest rates low

Lower rates start to show positive effect on economy
A more dovish tone at the Federal Reserve helped to hold interest rates steady after they fell to their lowest level in nine months. Freddie Mac explained this is already beginning to show positive effects on the economy.
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Federal Reserve raises rates at December meeting

Unphased by Trump’s campaign against rate hikes
During its two-day December meeting, the Federal Reserve elected to raise interest rates for the fourth and final time in 2018. This all comes despite calls from President Donald Trump to keep rates low – even as the Fed was meeting on Tuesday.
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Rate hike in December? Maybe not

Economists lower rate-hike predictions
An interest rate hike in December was almost a sure thing, followed by one or two rate hikes next year – all the economists said it. After that, there was debate about what would happen next. But that is now beginning to shift, and even a rate hike in December may not be happening.
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Appraisers accuse federal regulators of recreating housing crisis conditions

Appraisal Institute blasts proposal to eliminate appraisal requirement on certain home sales
As one might expect, appraisers are none too pleased about the FDIC, the OCC, and the Federal Reserve proposing to eliminate the appraisal requirement on certain home sales of $400,000 and below. According to Appraisal Institute President James Murrett, the newly proposed rules would add significantly more danger to the lending environment and harken back to the way things were just before the financial crisis.
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Regulators propose ending appraisal requirement on some home sales of $400,000 and below

FDIC, OCC, Fed propose raising appraisal threshold for first time since 1994
The Federal Deposit Insurance Corp., the Office of the Comptroller of the Currency, and the Federal Reserve released a proposal Tuesday that would increase the appraisal requirement from $250,000 to $400,000, meaning that certain home sales of $400,000 and below would no longer require an appraisal.
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