by Alterna Mortgage | Feb 26, 2025 | Interest rates
Mortgage interest rates have inched down for the most part. According to Zillow, the 30-year fixed rate has decreased by four basis points to 6.50%, and the 15-year fixed rate is down by four basis points to 5.83%. Rates are inching up and down sporadically, but there...
by Alterna Mortgage | Feb 25, 2025 | Inflation, Interest rates
US inflation rose in January, strengthening the Federal Reserve’s case to keep interest rates on hold despite President Trump’s fresh demands for rate cuts. The consumer price index posted its biggest increase since August 2023, government data released Wednesday...
by Alterna Mortgage | Feb 25, 2025 | Housing Market, Real Estate
The U.S Department of Housing and Urban Development (HUD) plans to eliminate up to 50% of its 9,600 employees in the latest round of job cuts for federal agencies. The General Services Administration (GSA) is also facing a possible 50% reduction in its workforce, as...
by Alterna Mortgage | Feb 24, 2025 | Home Buying, Interest rates
Two leading officials at the Consumer Financial Protection Bureau (CFPB) who were placed on administrative leave this week have resigned as the chaos engulfing the key mortgage regulator continues. Department of Government Efficiency (DOGE) head Elon Musk, who has...
by Alterna Mortgage | Oct 14, 2024 | Financing, Home Buying, Housing Market, Interest rates, Real Estate
Do they continue to cut the rates? Do they pause? It could go either way. The Federal Reserve on Wednesday September 18th enacted its first interest rate cut since the early days of the Covid pandemic, slicing half a percentage point off benchmark rates in an effort...
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