Federal Reserve
It can be difficult to wrap your head around all the various signals in the housing market these days. What does it mean that new home sales are going up? Prices coming down is a good thing, right? Is the upcoming end of Jerome Powell’s term as chair of the Federal Reserve a big deal?…
The Federal Reserve’s decision to refrain from issuing an interest rate cut on Wednesday could have a dampening effect on CRE activity, with industry professionals already finding it difficult to secure financing for high-dollar deals. Fed Chair Jerome Powell said the central bank was going to maintain its current target range of 4.25-4.5%, citing projections…
By Ryan Casey Stephens, FPQP®Special Contributor Welcome to another week, one that is already a mixed bag of good and bad. On the one hand, the average 30-year fixed rate just hit its highest level since the 2008 financial crisis, and at a time when we expected rates to drop. At the same time, inflation…
By Ryan Casey Stephens, FPQP®Special Contributor Famous NSYNC member, Justin Timberlake, once sang, “It’s gonna be May.” Well, he didn’t sing that exact lyric, but I love a good internet meme. And while that song line might not be real, there’s a good chance that it’s gonna be May: the month that might finally bring…
By Ryan Casey Stephens, FPQP®Special Contributor At the time of this writing, mortgage bonds and interest rates are nearing their second-worst levels since February and there’s a lot of room to the downside. We’ve generally enjoyed rates dropping each week since the first week of March, which spurred a burst of activity in our local…
