Posts Tagged ‘economy’
What The Fed Rate Hike Means For Mortgage Rates
Today, the Fed raised the Federal funds rate by .25, marking a full 5% increase in the fed funds rate since they began hiking rates in early 2022. It’s important to note what the Fed rate hike means for mortgage rates and other areas of the market. The Fed funds rate is the rate at…
Read MoreIs It a Good Time to Buy a House?
Is It a Good Time to Buy a House? This question is one of the most common questions we see from consumers, investors, real estate agents, and many others with interest in the real estate market. The answer is ‘yes’. But it also depends on your specific situation, what’s important to you, and where…
Read MoreSeptember 21, 2022 Fed Rate Hike
The Fed has once again raised their Fed funds rate by an expected .75 percent. As we explained in previous posts about Fed rate hikes, this is not a direct increase to mortgage rates, but the Fed’s move does have an impact on the mortgage marketplace and the broader economy. The most recent rate hike…
Read MoreWill Inflation Go Down?
Will Inflation Go Down? There’s a lot of economic jargon being tossed around in headlines these days, and one of the hot topics out there is inflation. To start, it’s important to understand what inflation is. When the value of a currency diminishes, the result is inflation – basically, you get less for the…
Read MoreWhat the Fed Rate Hike Means for You
What the Fed Rate Hike Means for You Today the Fed increased their Fed Funds rate by .75 percent. While on the surface that doesn’t seem like too big a bump, this is the largest single-day increase to the Fed funds rate since 1994, signaling a serious attempt at Fed members to reign in…
Read MoreWhat the Fed Rate Hike Means for My Mortgage
How the Fed Rate Hike Affects Mortgage Rates Yesterday, March 16, 2022, was the date of the first Fed rate hike in 3 years, and is the first of an expected 7 total for the year 2022. This rate hike is an effort to fight off the inflation once deemed “transitory” but has proven…
Read MoreWhat the Fed Rate Cut Means to You
The Fed has once again cut rates, this time by .25% – so what does this mean for you? Well, the Fed funds rate is the rate banks borrow from each other. When the rate is cut, it is done to help stimulate the economy and increase inflation. The Fed funds rate is…
Read MoreWhat Would a Recession Mean for Housing?
The “R” Word It’s come up a lot recently. With unemployment at or near all time lows, a stock market rally that’s defied all odds for longer than history says it should have, and the Fed looking at potentially reversing monetary policy, it looks like our next recession is more a matter of when,…
Read More
