by Alterna Mortgage | Jul 9, 2022 | Financing, Home Buying, Housing Market, Interest rates, Refinancing
While rates were on the rise at the beginning of the year, the 30-year fixed-rate mortgage averaged 5.30% in the week ending July 7. This was down from 5.70% the week before. Economic concerns have pushed them lower in recent weeks. Rates are still higher than they...
by Alterna Mortgage | May 17, 2022 | Financing, Housing Market, Interest rates, Real Estate, Refinancing, Uncategorized
The Fed may be over cooking the rate hikes. The result might lower the long-term rates. One week after the first .50% rate hike in 22 years, there were many Fed officials out using soothing rhetoric in an attempt to reassure financial markets they will be able to...
by Alterna Mortgage | May 11, 2022 | Financing, Housing Market, Inflation, Interest rates, Investment Properties, Refinancing
Jeremy Grantham, one of the economists that predicted the 2008 crash, says we’re in the fifth great bubble of the modern era—and warns the economy won’t ‘skate through’ a housing crisis. Grantham is convinced that we’re in the midst of a fifth great bubble of the...
by Alterna Mortgage | May 5, 2022 | Financing, Inflation, Interest rates, Refinancing
Yesterday the Fed increased the rate by .5%. This is the largest interest rate increase since 2000. They also are going to be shrinking its nearly $9 trillion balance sheet starting in June. These policies are likely to ricochet through markets and the economy as...
by Alterna Mortgage | Apr 12, 2022 | Financing, Inflation, Interest rates
“Given that the recovery has been considerably stronger and faster than in the previous cycle, I expect the balance sheet to shrink considerably more rapidly than in the previous recovery, with significantly larger caps and a much shorter period to phase in the...
by Alterna Mortgage | Apr 10, 2022 | Financing, Inflation, Interest rates
Last week, a member of the central bank who usually favors a gentler approach to raising interest rates spoke about the central bank’s need to fight rising prices. “It is of paramount importance to get inflation down,” Federal Reserve Governor Lael...
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