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ARE WE SEEING A PIVOT IN THE ECONOMY?
After 10 consecutive rate hikes, the Federal Reserve did not raise interest rates at the June 14th meeting. Right now, the Federal Reserve rate is currently at 5.25%, and the Prime Rate Index, which is...
What do home sellers and homebuyers need to know in the current market?
Mortgage rates are currently on a downward trend and economic indicators suggest that trend could continue. The Federal Reserve is meeting on May 3rd and the market is e...
The housing market is a roller coaster right now all thanks to mortgage rates!
The Fed's had their meeting on February 1st and the market responded favorably after the Fed's Fund rate increased by only a quarter percent, as expected.
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Mortgage interest Rates are currently on a downward trend, so what could this mean for 2023?
We saw one of the hottest real estate markets in 2020 and 2021 where sellers had all the power, and in 2022 that power quickly shifted to buyers. Home...
The housing market by definition is in a recession. We have seen pressure on home values month over month, new listings declining beyond seasonal trends, job losses across the mortgage industry, and the volume of transactions shrinking.
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