Mortgage Rates Are Inching Closer To 7%. Rates Are Up 13 BPS In Less Than 24 Hours. Is There Really A Recession Coming? Mortgage rates are inching closer to 7% and here is why. Economic data indicates that the economy has remained resilient. This is despite the Federal Reserve tightening monetary policy and raising rates. […]
Federal Reserve Chair Says A Double-Size Rate Hike Is On The Table In May. Thus, Making Mortgages, Car Loans, And Credit-Card Interest More Pricey. Federal Reserve Chair Jerome Powell said Thursday that the fed will soon issue a double-size rate hike. The central bank wants to ramp up its fight to cool inflation. The Fed’s […]
Federal Open Market Committee Raises Interest Rates As The Country Recovers From The Covid-19 Pandemic. Fed Plan 6 More Rate Increases The Federal Open Market Committee of the Federal Reserve raised interest rates for the first time in four years. Thus, marking an end to the easy money that gave rise to the hottest mortgage […]
Federal Reserve Goes On A “Sex & The City” Style Shopping Spree For Mortgage Debt The Federal Reserve pledged on Monday to buy unlimited amounts of Treasuries and mortgage-backed bonds to stabilize the mortgage markets. The Fed hopes it will have the same effect as when it rescued the economy in 2008. The Federal Reserve set a […]
Morgan Stanley Says Bond Market Sending Warning Signals That American Economy Is Heading Into Recession Morgan Stanley warned the stock market and economic outlook in the United States are deteriorating. Renewed trade tensions and a slump in economic data has put U.S. profits and economic growth at risk. Chief Equity Strategist Michael Wilson of Morgan […]
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