Quotes from the news wire:
Uncertainty about how high rates will go and how long they will remain elevated makes it challenging for investors to make well-informed decisions, therefore, it’s crucial to keep a close eye on the latest developments from the Federal Reserve.
Found on CNN 1 year ago
While last month Fed officials said that a smaller increase in the federal funds rate would help create a soft landing for the economy, Powell’s testimony on Tuesday made it clear that the central bank is prepared to return to a faster pace of rate increases if the incoming February economic indicators remain strong.
Found on CNN 1 year ago
While the current housing market may not look promising for sellers due to factors such as an increasing number of unsold homes, longer time on market, and decelerating price growth driven by high mortgage rates, there are still opportunities to be found.
Found on CNN 1 year ago
This trend could make homes with easy access to public transportation systems more attractive to home buyers which, in turn, enhances bargaining power for the sellers.
Found on CNN 1 year ago
This decline may be due to a combination of multiple factors such as high housing prices, high mortgage rates, and the recent wave of tech layoffs on the West Coast, with more companies announcing their return-to-office mandates last week, some remote workers may choose to relocate back to major cities or tech hubs. As home prices are still high and mortgage rates are up compared to one year ago, people who move back may prefer to stay in the rental market, driving up the already high rental demand in these areas.
Found on CNN 1 year ago
On an ordinary day, strong retail sales data and a 53-year low unemployment rate would be a cause for celebration among investors and businesses.
Found on CNN 1 year ago
High costs and concerns about economic uncertainty had many buyers pausing their purchasing decisions and led to fewer transactions, however, decreased competition may have presented opportunities for some first-time home buyers.
Found on CNN 1 year ago
The Freddie Mac fixed rate for a 30-year loan rebounded slightly this week, following the trajectory of the 10-year Treasury.
Found on CNN 1 year ago
While our 2023 forecast anticipates ongoing inflation causing upward pressure on rates, recent favorable data has helped to pull mortgage rates down, as the economy weathers the easing in inflation, mortgage rates may continue to fluctuate in the short term, within the 6% to 7% range that we have seen over the past five months.
Found on CNN 1 year ago
For people who are thinking about selling their home, current market conditions may be causing them to hold off, recent data show that December home sellers faced more competition from other potential sellers, longer time on market, and a greater likelihood of having to lower their asking price. Some are waiting to see if the market improves before putting their home up for sale.
Found on CNN 1 year ago
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