Federal Reserve
Refinance demand jumps 105% annually, as mortgage rates set 15th record low of 2020 – CNBC
Refinance demand jumps 105% annually, as mortgage rates set 15th record low of 2020 CNBC
Re-thinking safe-withdrawal rates and how much you’ll need in retirement
This is a guest post from Financial Samurai. The views of guest authors are their views and not necessarily mine. That said, I think it’s a good thing to read and share ideas that differ from your own. (And, in fact, I’d argue that many of our larger political problems in the U.S. today stem from an unwillingness to do just this.) Over the past fifteen years, I’ve published many guest articles I didn’t agree with. I’m sure to publish more in the future. With that disclaimer out of the way, let’s look at Sam’s arguments for re-thinking the four-percent safe withdrawal rate.
On 27 August 2020, the Federal Reserve announced a major policy shift. Fed Chair Jerome Powell said the Fed is willing to allow inflation to run hotter than normal in order to support the labor market and broader economy.
In other words, the Federal Reserve is likely to keep its Fed Funds rate at or near zero percent for longer. In the past, the Federal Reserve would consider raising interest rates when the unemployment rate falls to ward off inflation down the road.
Given this policy shift, I think youâd be a fool to follow a four-percent safe withdrawal rate in retirement. Let me tell you why.
Pending home sales fall slightly in December
The number of pending home sales fell slightly in December, according to data from the National Association of Realtors (NAR). The NAR’s Pending Home Sales Index (PHSI) declined 0.3% to 125.5 in December – the fourth consecutive month of decline after an unseasonal surge in August. Read more: NAR sees minor decline in pending home … [Read more…]
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Mortgage rates fall as demand for home loans rises – Washington Post
Mortgage rates fall as demand for home loans rises Washington Post
How Are Mortgage Rates Determined?
Buying a home is a major financial undertaking. After all, the median home listing price in the U.S. was nearly $230,000 in 2019, and the prices have only gone up since then. If you need to obtain a mortgage loan to complete the purchase, it can get even more expensive. When you add in a […]
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Differences Between Previous and Current FOMC Statements
Posted To: MBS Commentary
The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. The COVID-19 pandemic is causing tremendous human and economic hardship across the United States and around the world. EconomicThe pace of the recovery in economic activity and employment havehas continuedmoderated toin recoverrecent butmonths, remainwith wellweakness belowconcentrated theirin levelsthe atsectors themost beginningadversely ofaffected by the yearpandemic. Weaker demand and earlier declines in oil prices have been holding down consumer price inflation. Overall financial conditions remain accommodative, in part reflecting policy measures to support the economy and the flow of credit to U.S. households…(read more)