Summary and Implications for Federal Funds Rate and Mortgage Rates The press conference highlights a cautious but optimistic outlook from Chair Jerome Powell regarding the U.S. economy’s progress towards achieving stable prices and maximum employment. Despite...
The Federal Reserve’s FOMC meeting on June 12, 2024, provided essential insights into the current economic environment and future monetary policies. The outcomes of this meeting are particularly relevant to the housing market as they directly impact mortgage...
Summary and Implications for Federal Funds Rate and Mortgage Rates The press conference highlights a cautious but optimistic outlook from Chair Jerome Powell regarding the U.S. economy’s progress towards achieving stable prices and maximum employment. Despite...
The chart below compares the maximum conforming loan limit for 1 -unit properties (loan limit) with average mortgage interest rate*, the Average Federal Funds Rate**, and the Average MDSP. MDSP is the Mortgage Debt Service Payments as a Percent of Disposable Personal...
Does the timing matter when planning to buy a home? Definitely YES! Although it’s said the best time to buy a home is when you can afford it, the time or season when you initiate the home buying process also matters a lot. The real estate market is affected by market...
