Americans Homeowners Are Giving Up Their Mortgages To ‘Rent Forever’ In Larger Homes With Lower Monthly Costs American homeowners are giving up on the struggle to own their own homes in the overheated property market. The proportion of single-family homes being built for rent has doubled in two years. As a result, real estate corporations […]
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 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 […]
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