Jerome Powell
Mortgage rates are responding to the escalating war in Iran, jumping again for the second week in a row to reach a three-month high on the 30-year. Freddie Mac put the average at 6.22% for the week ending on Thursday, marking another disappointing development for prospective homebuyers standing on the sidelines waiting for rates to…
It has been a whirlwind of news on the mortgage rates front over the last few days as the 30-year note crossed a critical threshold. Meanwhile, the independence of Federal Reserve policy appears more under threat than ever amid a criminal investigation into the central bank’s chair. First, Mortgage Rates Last Thursday, President Donald Trump…
By Jonathan MillerSpecial Contributor The Fed Cuts And The Search For A Heart Of Gold Neil Young’s 1980 political album Hawks & Doves was disappointing to his fans after the barn-burner Rust Never Sleeps and the classics After the Gold Rush and Harvest set the standard. For me, the Hawks & Doves album symbolized the beginning of a weaker era of his albums and perhaps,…
Could the worm finally be turning for homebuyers in the Lone Star State? The latest Texas Quarterly Housing Report suggests that might just be the case, with little hints of a rebalancing of power in the housing market. Texas Realtors dropped its Q3 report on Tuesday, and while home prices didn’t see any significant movement…
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…
