by Alterna Mortgage | Apr 30, 2025 | Financing, Interest rates
The agency, which has returned $21 billion to consumers since its inception, could lose 1,500 of its 1,700 employees, a union warned. The full scope of the cuts was not immediately clear, but by late afternoon, hundreds of workers across all of the agency’s major...
by Alterna Mortgage | Apr 29, 2025 | Financing, Home Buying, Inflation, Interest rates
Federal Reserve chair Jerome Powell said the Trump administration’s tariff war will likely drive inflation higher and slow the US economy but dismissed the prospect of an imminent interest rate cut as those risks grow. The Fed chief described the extent of Trump’s...
by Alterna Mortgage | Apr 24, 2025 | Financing, Housing Market, Interest rates
Its dual mandate is low unemployment and inflation, two often competing goals. Raising interest rates can slow inflation but increase job losses, while cutting interest rates can increase hiring but risk faster inflation. A potential rock-hard-place moment for the Fed...
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