Average Mortgage Payments Have Risen 90% In 3 Years. This Due To 20-Year High Interest Rates, Skyrocketing Values And Post Pandemic Inflation Real estate experts say average mortgage payments have risen 90% since December 2020. They’re telling potential homeowners to buy now because housing cost will continue to rise. They attribute the increase of costs […]
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. […]
US Banks Raising The Risk Of A Recession By Tightening Lending Standards The Federal Reserve isn’t the only one tightening credit. US banks are also tightening standards and that spells trouble for the US economy. US banks are tightening terms on loans for medium and large businesses. Banks are raising guidelines to levels usually seen […]
The Fix-And-Flip Lender Eliminated 39 Positions To Ensure It Can Survive Through 2023 Fix-And-Flip lender Kiavi has laid off 7% of it’s employees. Kiavi specializes in fix-and-flip and investor loans. An email sent to employees on Wednesday morning said Kiavi wanted to, “reduce our cost structure and protect the financial health of the company.” Kiavi’s […]
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 […]
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