Items Tagged with 'Interest rates'

ARTICLES

  • 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!
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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  • 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.
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