by Alterna Mortgage | Feb 20, 2023 | Financing, Home Buying, Housing Market, Inflation, Interest rates
“We are going to react to the data” – Powell Here the Fed Chair reminds the markets that last Friday’s Jobs report was strong, but backward looking and lagging while other economic indicators show signs of s slowdown. The Fed does not want to over...
by Alterna Mortgage | Jul 30, 2022 | Financing, Home Buying, Housing Market, Inflation, Real Estate
According to Freddie Mac, the 30-year fixed-rate mortgage averaged 5.30% in the week ending July 28, down from 5.54% the week before. Rates increased sharply at the start of the year, hitting a high of 5.81% by the middle of June. Recently, worries about inflation and...
by Alterna Mortgage | Jul 17, 2022 | Home Buying, Inflation, Real Estate
Due to the current high cost of buying a home, demand among buyers has slowed. As a result, many sellers are seeing their homes sit longer on the market. Recent moves by the Federal Reserve are designed to combat inflation by reducing demand. While home prices had...
by Alterna Mortgage | Jun 25, 2022 | Home Buying, Housing Market, Inflation, Interest rates, Real Estate
This report from the Oregon Office of Economic Analysis said nearly 168,000 households in the Portland area have been priced out of the housing market this year. “30-year mortgage rates have risen from around 3% at the end of 2021 to just over 6% in recent days,” the...
by Alterna Mortgage | Jun 16, 2022 | Home Buying, Housing Market, Inflation, Interest rates
The Federal Reserve announced on Wednesday it raised benchmark interest rate by three-quarters of a percentage point, the sharpest hike since 1994, as it seeks to combat the fiercest surge in U.S. inflation in four decades. Chair of the Federal Reserve Mr. Powell also...
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...
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