Fed Pauses, But Projects Higher Rates Next Year
For just the second time in 19 months, the Federal Reserve chose today to meet without raising interest rates, leaving ...
Tag: Mortgage Rate Increases
Inflation Nudges Up, Adding to Rate Worries
The latest report on Personal Consumption Expenditures (PCE) showed prices climbing by 0.3% from last month, an expected but still ...
Inflation Ticks Up—Is It a Blip or a Warning?
For the first time in almost a year, the Consumer Price Index (CPI) tracked a month-to-month increase in headline inflation, ...
Seller Shortage ‘Plateaus’ Ahead of ‘Unseasonable’ Fall Activity
For buyers’ agents wondering where all the listings are, or listing agents struggling to find clients, there is some potentially ...
Fed Provides Little Clarity After Raising Rates to 22-Year High
An unsurprising 25-basis-point rate hike announced by the Federal Reserve today–something that real estate economists urged against–is placing the housing ...
Mortgage Mix: Rates Rebound, Rocket Loses CEO
-After falling to start the year, mortgage rates rose for the second consecutive week—up to 6.32%. The National Association of ...
Wells Fargo Announces Large-Scale Withdrawal From Mortgage Market
In a long-telegraphed move by the once preeminent mortgage lender, Wells Fargo this week announced a series of “strategic plans” ...
Along With Smaller Rate Hike, Fed Projects Some Additional Pain in 2023
Following more than two months of (generally) good news on inflation, the Federal Reserve appears ready to begin scaling back ...
Mortgage Mix: Houston, We Have 7%
Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday. -Freddie ...
Existing-Home Sales Decline, but Prices Remain Resilient
Annualized existing-home sales continue to fall, with last month heralding a slower autumn season as the housing market appears headed ...
The All-Cash Offer: Still a Home-Buying Slam-Dunk Strategy?
Buying a house for cash, meaning no mortgage, can seem like the most strategically savvy and best way to gain an accepted offer. But there are subtle pros and cons to such a maneuver, more so for the buyer, but also for the seller. Read more.
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