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 | 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 | May 4, 2024 | Financing, Home Buying, Inflation, Interest rates
The Fed still thinks that its next move will be a rate cut, and Powell clearly said that further rate increases are “unlikely.” Still, it is not clear how much the Fed will manage to cut rates this year. Inflation is cooling more slowly than officials had...
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...
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