Existing Home Sales Fell 1.5% in September, Down 23.8% Over Last Year… The 30-year fixed-rate mortgage now costs more than 7%, over double what it was this time last year. What it means— ...
Week In Review – September 26 2022
Federal Reserve Raises Rates by 75 Basis Points to Range of 3% to 3.25%… The move was widely expected, but the bankers also raised their estimate of rates for this year and next year. What it ...
Week In Review – August 22 2022
July Federal Reserve Meeting Shows Bankers Set on Raising Rates but More Cautious… The minutes included language that suggested the bankers were watchful of overshooting by raising rates too much, but ...
Week In Review – July 25 2022
Existing Home Sales Fell 5.4% in June, Are Down 14.2% Over Last Year… Sales dipped to an annualized rate of 5.12 million, the lowest since June 2020. Excluding the pandemic, it was the lowest sales ...
Week In Review – June 27 2022
Fed Chair Powell Says Fed Efforts Might Push Economy into Recession... In testimony before the Senate Banking Committee, Powell said that it is getting harder to engineer a soft landing. What it ...