Items Tagged with 'Brexit'

ARTICLES

  • Experts: Wage growth could further rate hikes in 2019

    But one expert thinks 2018 will end on a jolly note
    In November, the unemployment rate held steady at 3.7% and wages rose slightly, leading some experts to predict the likelihood of continual rate hikes in 2019. Despite these concerns, one expert believes homebuyers will end the year on a jolly note.
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  • Billionaire says new global financial crisis brewing

    Italy to become the next Brexit?
    Is the world on the verge of another major financial crisis? One billionaire warns that could very well be the case. Billionaire George Soros, one of the world’s most successful investors, says as the dollar surges and a capital flight ensues from emerging markets, the world could be facing another major financial crisis.
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  • Managing spikes (and dips) in mortgage volume

    Hint: Pick the right tech partner
    According to the Mortgage Bankers Association, refinance applications jumped more than 100% in the first few weeks post-‘Brexit’ as compared to a year ago, and many lenders found themselves over capacity and struggling with the increase in volume. Here's how to keep up.
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  • Appraisal volume shows true impact of Brexit

    Surge in mortgage apps misleading
    Right after the news came out that the United Kingdom voted to leave the European Union, interest rates plummeted and mortgage applications surged, but appraisal volume, not so much. Kevin Golden, director of analytics with a la mode, explains why there's such a discrepancy.
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  • Monday Morning Cup of Coffee: Condo legislation finally a law; Brexit impact on refi apps

    The HOA saga continues
    As one of his last housing accomplishments before he leaves office, President Obama signed H.R. 3700 into law on Friday, which will dramatically improve long-fought restrictions on Federal Housing Administration financing for condominiums. Meanwhile, 2.8 million borrowers should be thanking Brexit right now for their positive financial situation.
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  • Consumers unsure about economic conditions

    Consumer sentiment decreases in July
    Consumer sentiment decreased in July from last year as well as last month. Some of the decrease can be credited to Brexit, and near the end of July consumers became more optimistic about the state of the economy.
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  • Despite "largely positive" news, FOMC holds on raising interest rates in July

    Next meeting scheduled for September
    The Federal Open Market Committee chose to forgo raising the federal funds rate in its latest July meeting as the market starts to recover from the initial impact of Brexit. The news, however, appeared more upbeat, leaving people to question what will happen in the next meeting. As it stands, there are only three meeting left this year.
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