fed

Here Are Mortgage Rates for March 2, 2023: Rates Climb – CNET

Here Are Mortgage Rates for March 2, 2023: Rates Climb  CNET

Housing market once again braces for higher mortgage rates—where 8 experts see rates going this year – Fortune

Housing market once again braces for higher mortgage rates—where 8 experts see rates going this year  Fortune

Housing Market Tracker: Inventory drops by 11,000

After another challenging week, the housing market should see seasonal housing inventory increase in the next couple of weeks.

Fed says more rate hikes are needed to curb inflation

The Federal Reserve said that further interest-rate hikes would be required to restore price stability. “The committee is strongly committed to returning inflation to its 2% objective,” the Fed said in its semi-annual report to Congress released Friday. Officials expect that “ongoing increases in the target range will be appropriate in order to attain a stance of monetary … [Read more…]

Did We Mention “Data Dependent?”

Rates are surging higher yet again.  It wasn’t necessarily destined to be the case.  In fact, rates could just as easily be moving lower.  the problem is the data.  Everywhere we look, at home and abroad, there are signs of slightly hotter inflation.  We have been expecting the market to be paying most of its attention to these data points and that’s exactly what’s been happening.  It just so happens that the data points are not friendly to our cause. The latest examples come in the form of EU inflation data overnight and this morning’s domestic data at 8:30am.  Labor Costs surged in Q4 and last week’s jobless claims remained under 200k.  Neither are big-ticket market movers, but again, traders are scrutinizing data right now, looking for signs of a shift or for the persistence of inflationary pressure. The results have been clear in Fed Funds Futures–now well into the 5’s.

The U.S. housing market just took another hit – Fortune

The U.S. housing market just took another hit  Fortune

U.S. mortgage interest rates jump to highest level since November … – Reuters

U.S. mortgage interest rates jump to highest level since November …  Reuters

HELOC vs Home Equity Loan: How They Compare

If you’re thinking about tapping the equity in your home, you’re looking at either a home equity loan or a home equity line of credit, better known as a HELOC. Both may allow you to borrow a large sum at a relatively low interest rate and with lower fees than a mortgage refinance. Either a […]

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Servicers helped 5M COVID-impacted borrowers stay in homes

Servicer efforts to assist borrowers following the expiration of CARES Act relief measures helped 5 million households avoid property loss, according to a report from the Federal Reserve Bank of Philadelphia. Of the 8.5 million borrowers who entered forbearance plans during the COVID-19 pandemic, more than 95% have exited, the Fed concluded in its final … [Read more…]