On Wednesday, after Jerome Powell's first Federal Open Market Committee (FOMC) meeting as Fed Chair, the Federal Reserve announced that it had increased the Fed funds rate by ...
Read More »Will the Rise in Construction Jobs Ease Supply Constraints?
Jobs in the construction sector led the overall jobs market according to data for February jobs released by the Bureau of Labor Statistics. While the total nonfarm payroll ...
Read More »Mortgage Loan Originations Become Less Profitable
Mortgage origination profitability fell to its lowest in January 2018 as mortgage volumes responded to the rising interest rates during the month according to data in the February ...
Read More »Powell’s Congressional Testimony Backs Further Interest Rate Hikes
On Tuesday, Federal Reserve Chairman Jerome Powell made his first appearance before Congress since being sworn into the role. Remarking on the strengthening U.S. economy, Powell told Congress that “some ...
Read More »How Could Mortgage Rate Upswings Impact Housing?
Freddie Mac has released its February Insight report, which “looks into the effects of higher mortgage rates on home buyers, homeowners wishing to refinance, mortgage lenders, home builders and ...
Read More »Interest Rate Uncertainty Spurs Stock Market Drops
The Dow Jones industrial average closed down 1,200 points on Monday, after having dropped 1,500 points earlier in the day. This came on the heels of a 666-point ...
Read More »Rising Interest Rates See Mortgage Applications Decline
A rise in mortgage interest rates saw mortgage applications decrease 2.6 percent from one week earlier, according to data from MBA Weekly Mortgage Applications Survey released on Wednesday. ...
Read More »Are Tax Reforms Worth the SALT in High-Priced Markets?
Aspiring home buyers living in counties with relatively high home values and SALT rates may be affected by the new tax bill, according to a new study.
Read More »Mortgage Applications Start the Year Right
Mortgage loan applications rose 8.3 percent in the first week of January, reflecting an optimistic housing market.
Read More »The Fed on Tax Reform, Inflation
The Federal Reserve released the minutes for the Fed’s December 2017 Federal Open Market Committee meeting on Wednesday afternoon, providing insights into the recent decision to increase interest rates, as well as ...
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