Tag Archives: FED

Fed rate rise – mortgage professionals take stock

Read more: Fed interest rate hike – reaction pours in However, according to Professor David Blanchflower, who sat on the Bank of England’s monetary policy committee between 2006 and 2009, increasing rates further would be an “error”, claiming that a number of countries, including the US, were already in recession. Speaking on a BBC radio […]

Bonds fall before Fed decision

Stocks wavered while bonds fell as investors braced for the biggest Federal Reserve hike since 2000 and awaited more clues on how aggressively the central bank will tackle inflation. Key for markets will be whether Fed Chair Jerome Powell’s commentary contains any hawkish surprises that could stoke concerns about a U.S. economic slowdown. Swap traders […]

Here’s how you can prepare if t.’s a 50 basis point Fed rate hike

Consumers are spending more to keep up with the surging cost of living, and it may get worse before it gets better. “Even though wage growth has been the best in decades, it’s been outpaced by increased household costs,” said Greg McBride, chief financial analyst at Bankrate.com. “With inflation at a 40-year high, that has […]

The Fed may get more aggressive to fight inflation. How to prepare

For most Americans, the surging cost of living is weighing heavily on their wallets. “Wage growth has failed to match the dizzying pace of rising prices, which the Federal Reserve has effectively identified as ‘monetary policy enemy No. 1,’” said Mark Hamrick, senior economic analyst at Bankrate.com. After the Fed raised interest rates for the first time […]

Atlanta homes have become unaffordable, Fed data show

The cost of buying a home in metro Atlanta is now officially considered to be unaffordable, according to the Federal Reserve Bank of Atlanta. The branch’s Home Ownership Affordability Monitor, uses median income for the area, home prices and interest rates to calculate the feasibility for residents to purchase a home. The annual mortgage payment […]

Mortgage rates surge to 3-year high following Fed hike

Mortgage rates accelerated following last week’s Federal Reserve meeting, with the 30-year average now at its highest in over three years, according to Freddie Mac. The 30-year fixed-rate mortgage average came in at 4.42% for the weekly period ending March 24, based on data from Freddie Mac’s Primary Mortgage Market Survey, a spike of 26 […]

Geopolitical crisis could slow pace of Fed interest rate hikes

Traders are now anticipating five Fed rate increases in 2022, down from the six or more that seemed like a certainty just a month ago. The market has decided that, due to the situation in Ukraine, the Fed and the other central banks will move more slowly and cautiously. In the face of uncertainty All […]

3 mortgage-related takeaways about the Fed rate hike

Historically, purchase loans are considered more at risk for material misrepresentations in mortgage applications. Although certain risk product types that used reduced or no verification of applicant’s .rmation are no longer available in the marketplace, this is reminiscent of what happened starting in 2008, when the chickens came home to roost over lax underwriting practices. […]

The Fed makes its move – and more rate hikes are coming

The Federal Open Market Committee on Wednesday raised the federal funds rate for the first time in four years, marking an end to the easy money that gave rise to the hottest mortgage market in U.S. history. The FOMC, as was predicted, raised the federal funds rate by 25 basis points to 0.25-0.50 percent, the first time the FOMC has changed […]