The pain in the housing market isn’t expected to get much worse after the Federal Reserve chose not to hike interest rates this month.
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Category: Federal Reserve
High Mortgage Rates May Be Here To Stay—at Least Through 2023
Mortgage rates might remain higher for longer. Inflation is higher than the Fed would like, increasing the odds it will hike its rates again.
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Is the Fall Housing Market Really ‘Going Nowhere Fast’? What Buyers and Sellers Need To Know
Pinned down by high mortgage rates, which topped 7% last month, the housing market has slowed to a crawl. Will it improve this fall?
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Worried About a Recession? A Soft Landing Could Actually Be Very Bad for the Housing Market
Optimism is building that the economy might avert a recession. However, a soft landing may be even worse for the housing market.
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Mortgage Rates Spike, Sparking Fears They Could Hit 8% or Beyond This Year
Rates averaged 7.09% in the past week, making this the highest they’ve been since April 2002, according to Freddie Mac data.
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Federal Reserve raises key interest rate to 22-year high
National Association of REALTORS® Chief Economist Lawrence Yun took issue with the increase, saying the central bank has created “a rare and very tight monetary policy condition.”
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Amazingly, 2023 Is Not the Most Unaffordable It’s Ever Been To Buy a Home—Not Even Close
Buying a home today might seem like the most unaffordable it’s ever been. However, the baby boomers had it worse.
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The Fed Just Gave the Housing Market a Break: Mortgage Rates Are Poised To Fall by This Much
The U.S. Federal Reserve gave stretched-thin homebuyers a rare break that could lead to mortgage rates falling by this much by year’s end.
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Good News for Homebuyers: Mortgage Rates Are Poised To Fall
Mortgage rates are poised to begin coming down as inflation is slowing and the Federal Reserve doesn’t want to exacerbate the banking crisis.
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Lawrence Yun: Fed rate hike ‘unnecessary and harmful’
NAR Chief Economist Lawrence Yun said the Federal Reserve’s latest increase in its benchmark interest rate is an unnecessary threat to many small regional banks.
The post Lawrence Yun: Fed rate hike ‘unnecessary and harmful’ appeared first on Atlanta Agent Magazine.