Mortgages
Between high interest rates and dizzying listing prices, the housing market’s been tough for first-time homebuyers to break into. Now, while the Federal Reserve might be coming to the rescue over the course of the next year or so, some lenders are getting creative with specialized products geared toward folks with limited liquidity. Before diving…
Even though a lot can happen in 37 days, investors appear confident that the Federal Reserve will implement a benchmark interest rate cut at its next policymaking meeting in September. CME Group’s FedWatch tool, which leverages investor moves on the market to put odds on whether the Federal Reserve will stand pat or alter interest…
Last week’s disconcerting jobs report by the Bureau of Labor Statistics may have bolstered the case for a September rate cut. However, President Donald Trump is calling the report politically motivated and “rigged,” despite his own demands that the Federal Reserve slash rates. As everyone likely knows by now, Trump prompted fresh outrage on Friday…
Prospective homebuyers might have to wait longer for mortgage rates to dip down after the Federal Reserve decided to maintain benchmark interest rates on Wednesday, despite some dissension on the central bank’s board of governors. The move marks the fifth consecutive meeting the Federal Reserve opted against cutting rates. This month’s meeting, however, marked the…
One of the most challenging things for first-time homebuyers is qualifying for a mortgage. Now, folks who have dipped their toes in the cryptocurrency game may soon have a little better luck qualifying if they borrow from Fannie Mae or Freddie Mac. William J. Pulte, director of the Federal Housing Finance Agency (FHFA), recently ordered…
