Category: Economy

The U.S. economy is a complex and dynamic system, constantly adapting and requiring adjustments in monetary policy to maintain stability. The Federal Reserve's interest rate decisions are a crucial tool in this process, impacting everything from borrowing costs to investment …Read more  »

For aspiring homeowners, the question of mortgage rates looms large. In June, Freddie Mac reported a welcome dip in the average 30-year fixed rate mortgage (FRM) to 6.86%, the lowest level in nearly three months. But what does July hold? …Read more  »

Finding the right mortgage can feel like deciphering a complex code. This week, we'll break down the current mortgage rate landscape (as of June 25th, 2024) and explore predictions for the upcoming week to help you make informed decisions. Today's …Read more  »

The upcoming presidential debate and election season cast a long shadow over the financial markets, and mortgage rates are no exception. The slight uptick we saw on June 26, 2024, with the average rate for the benchmark 30-year fixed mortgage rising to 6.96% from the …Read more  »

Freddie Mac's recent forecast paints a picture of a housing market in transition. While the U.S. economy maintains a forward momentum, its pace has eased, and inflation remains a pressing concern for the Federal Reserve. These factors are likely to …Read more  »

The Federal Reserve is the central bank of the United States. It plays a vital role in shaping the country's monetary policy. One of the tools at its disposal, which is considered vital, is the manipulation of interest rates. So, …Read more  »

Few steps in the elaborate dance of economic policy are observed with as much anticipation as those of the Federal Reserve interest rate decision. Put simply, the Federal Reserve rate is the mechanism by which the country's central bank attempts …Read more  »

As the summer progresses, mortgage rates are anticipated to decline further, potentially preventing monthly housing costs from rising excessively. On June 12, daily average mortgage rates dropped to their lowest level in three months following the latest CPI report, which …Read more  »

The Federal Reserve's June 12 meeting concluded with a cautious approach towards the monetary policy amidst persistent inflation concerns. The Fed has signaled that it may only implement one rate cut this year, a more conservative forecast compared to previous expectations. More cuts …Read more  »