Tag Archives: federal reserve

Fed lowers interest rates again. Will mortgage rates follow?

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Economists and agents offered different opinions on how the second rate cut of the year will impact the housing market overall. Continue reading →

Central banks scramble to ward off fears of a recession

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Every thought in President Trump’s tweets is mistaken, which markets and businesses understand. They also understand that these tweets have no effect on Fed decisions. However, the erroneous content is worrisome because he does directly control trade a… Continue reading →

How will a trade war impact the US?

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Central banks can see this coming, underway in several places. But they have another problem: very little room to cut rates, and desperately frightened of the “zero bound.” Thus a continuous argument worthy of Monty Python: Do we fire our limited ammun… Continue reading →

Agents see growing demand as mortgage rates plummet

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Like an avalanche growing larger as it tumbles down a mountain, agents are seeing swelling demand from buyers as mortgage interest rates plummet. Continue reading →

Mortgage rates see biggest plunge in over a decade

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Average 30-year fixed-rate mortgages declined by 22 basis points from 4.28 percent to 4.06 percent, resulting in the biggest single-week decline in rates since 2008, according to Freddie Mac’s latest Primary Mortgage Survey released on Thursday. Continue reading →

Federal Reserve keeps rates static, predicts no hikes in 2019

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The Federal Reserve held interest rates steady at 2.25 to 2.50 percent Wednesday as was widely expected while also predicting no rate hikes in 2019. Continue reading →

Howard Hanna lets buyers shop with pre-locked mortgage rate

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The program stands in stark contrast to the way most loans work, which typically require a borrower to have a contract already in place before they can lock an interest rate. Continue reading →

Redfin hires new chief economist from Amazon

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Redfin has a new chief economist. Daryl Fairweather, who comes to Redfin from Amazon, will oversee the tech-powered brokerages team of economists and data scientists, who research and compile reports on the market, homeownership and the economic factor… Continue reading →