Items Tagged with 'Interest rate'

ARTICLES

  • Federal Reserve raises interest rates for first time in 2018

    Indicates two more rate hikes coming this year
    As expected, the Federal Reserve announced Wednesday that it is increasing the federal funds rate for the first time in 2018. Earlier this year, observers placed the likelihood of the Fed increasing rates by 25 basis points at the end of its March meeting at more than 75%. And Wednesday, that’s just what the Fed did.
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  • Economics panel: "No reason the current homeowner today will want to sell"

    Affordability could plummet in 2018
    During a panel at the CoreLogic and Urban Institute Housing Finance conference, CoreLogic’s chief economist forecasted home prices will rise as interest rates continue to increase over the next few years, making housing affordability a challenge for many prospective buyers. But one economist questions if homeowners will even want to sell in the first place.
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  • Fed elects to hold off on interest rate hike

    But increase still expected in December
    As expected, the Federal Reserve elected to hold off on any increases to the federal funds rate at their July meeting on Wednesday. While most analysts agree the final rate hike for 2017 will come in December, some argue that this year has already seen the last of its federal fund rate increases.
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  • Stearns Lending introduces new loan program with lower payments for first two years

    Lender-paid buydown program reduces borrowers' interest rate for 24 months
    With loan originations on the decline, it seems that lenders are stepping “out of the box,” so to speak, when it comes to targeting prospective borrowers. Some lenders are offering 1% down payment programs, but what about borrowers who are more concerned with their monthly payment as opposed to their upfront costs? Stearns Lending claims to have an answer for that.
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  • Goldman Sachs: Mortgage interest rates will rise to 5.5% by 2019

    Current 30-year mortgage rate is approximately 4.15%
    The most recent data from Freddie Mac shows that the average interest rate for a 30-year, fixed-rate mortgage is around 4.15%, but interest rates are going to increase by a significant margin over the next few years, analysts from Goldman Sachs said in a new report. Here are the details.
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  • Fannie Mae, Freddie Mac increase mortgage modification interest rate to highest level in 18 months

    Benchmark rate increased to July 2015 level
    For the second time in two months, Fannie Mae and Freddie Mac announced that they are increasing the benchmark interest rate for standard mortgage modifications. While last month’s increase saw Fannie and Freddie increase the standard mortgage modification benchmark interest rate to a level not seen in months, the GSEs said they are increasing the standard mortgage modification interest rate to the highest level in 18 months.
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  • How to lower your mortgage rate in 2017

    Tricks for the rising interest rate environment
    Mortgage rates are on the rise, and have been for the last nine weeks, as evidenced by the latest data from Freddie Mac. And with the Federal Open Market Committee recently announcing an increase in the federal funds rate, for the second time in 10 years, odds are that interest rates aren’t going to go back down anytime soon. So what are prospective buyers supposed to do in the face of a rising rate environment?
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