Tag Archives: federal reserve

Appraisal requirements axed on sales of $400K and under: Fed

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Approved by the Federal Reserve on Friday, the adjustment, from $250,000 to $400,000, marks the first time in 25 years such an appraisal threshold has changed. Continue reading →

Housing market too strong for more Fed cuts

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President Trump has tweeted that the “boneheads” at the Federal Reserve should lower interest rates to “zero” or “less,” but Federal Reserve Chairman Jerome Powell took a more moderate approach. Continue reading →

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 →