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  • President Trump signs Dodd-Frank rollback into law

    President Donald Trump signed a major Dodd-Frank rollback into law Thursday, hoping to bring regulatory relief to community banks across the U.S. The president explained Dodd-Frank’s costly regulations gave large banks a negative advantage at the cost of small banks throughout the country. Click the headline to read more.

Items Tagged with 'rate hike'

ARTICLES

  • 2018 economic growth to hold steady, despite rising interest rates

    Economists predict two more rate hikes
    Fannie Mae’s newest report from its Economic & Strategic Research Group indicates that this year’s economic outlook isn’t going to change much. The report shows that 2018’s growth prediction remains unchanged at 2.7% and the year will see two more interest rate hikes from the Federal Reserve. But, things don’t look quite as rosy for 2019... why?
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  • Monday Morning Cup of Coffee: Federal Reserve Board to vote on lifting Wells Fargo’s growth restrictions

    Plus St. Louis Fed President James Bullard says further rate increases aren’t necessary
    Following pressure from Sen. Elizabeth Warren, Federal Reserve Chair Jerome Powell has indicated that the Fed's Board of Governors will hold a vote to decide whether or not to lift growth restrictions placed on the megabank. Plus, here's why Capital One putting a stop to mortgage lending is good for its investors.
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  • FOMC keeps rate hike off the table at May meeting

    Says federal funds rate to remain low “for some time”
    The Federal Reserve announced that while economic activity has continued to strengthen along with the labor market, it will not raise rates following its May meeting. The market was not surprised by today’s decision and only predicted a 6% chance of a rate hike in May. Next month, however, could be a different story.
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  • Goldman Sachs: Fed to raise rates once a quarter until 2019

    Federal funds to hit 3.25% to 3.5% by end of next year
    The Federal Reserve elected to increase interest rates during its March meeting for the first time in 2018, but it’s far from done raising rates for the year, or so says a note Goldman Sachs sent to clients. In fact, the Fed could raise rates as quickly as once per quarter.
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  • Freddie Mac: Mortgage rates remain steady after sudden drop

    Could soon soar following Treasury yield increase.
    Mortgage rates increased only slightly after dropping last week for the first time in more than two months, however they could soon begin their upward climb once again. After the Federal Reserve voted to increase mortgage interest rates, it sent the 10-year Treasury soaring. Mortgage rates could soon follow.
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  • FOMC minutes reveal Fed’s positive economic outlook

    Increasingly optimistic about achieving inflation target
    The Federal Open Markets Committee released its minutes Wednesday from its January meeting, showing members of the Federal Reserve are becoming increasingly more confident in their economic outlook. The minutes also revealed the Fed became more optimistic about hitting its inflation target.
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  • This is what falling stock prices mean for mortgage lending

    Spoiler alert: pretty much nothing, unless…
    The Dow Jones Industrial Average began decreasing Friday, then plummeted on Monday, experiencing its biggest point loss in its history. But what does all of this mean for the mortgage lending market? As it turns out, it is not expected to make a significant impact, unless…
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  • Expect first Federal interest rate rise to come in March

    Market places 77% chance of 25 basis point hike
    Wednesday afternoon, the Federal Reserve announced its decision not to raise the federal funds rate in January. After the Fed Funds futures pushed up their probability estimate for raising the federal funds rate in March, the market is now placing a 77% chance of a 25 basis point hike.
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  • Freddie Mac: Interest rates drop at start of 2018

    Less upward pressure could keep rates low for now
    Mortgage rates decreased at the start of the year as they felt less upward pressure from the market. Freddie Mac explained that with the FOMC minutes showing continued support for gradual increases in policy rates from many participants and inflation rates remaining low, there isn’t much upward pressure on long-term rates at the moment.
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