by Alterna Mortgage | Mar 18, 2022 | Financing, Inflation, Interest rates, Mortgage Programs, Real Estate
Thanks to a 40-year high in inflation, Americans are already facing higher prices at the gas pump and the grocery stores. And now the cost of borrowing will increase as well. With an increase of the benchmark rate a quarter of a point on Wednesday, the Federal Reserve...
by Alterna Mortgage | Mar 2, 2022 | Inflation, Interest rates
Russia/Ukraine Remains Unresolved High oil prices are rough. It’s a tax on consumers that goes uncollected. Should the Russia/Ukraine story escalate, and oil prices head higher, the Fed will have to soften its tone and be more dovish or accommodative. The opposite is...
by Alterna Mortgage | Feb 28, 2022 | Financing, Home Buying, Housing Market, Inflation, Interest rates
Things Are Not All that great with the economy In addition to the inflation problem, the economy is decelerating. Economic growth is slowing. The consumer is assuming more credit card debt to pay for items and fuel costs are soaring. This is a very difficult...
by Alterna Mortgage | Jan 30, 2022 | Financing, Home Buying, Inflation, Interest rates, Refinancing, Uncategorized
The Federal Reserve on Wednesday provided the clearest hint yet that it could start raising interest rates as soon as March A .25% increase is expected. The market experts were predicting 3 rate hikes. Now they are predicting 4 hikes. This will be the beginning to the...
by Alterna Mortgage | Jan 10, 2022 | Financing, Home Buying, Housing Market, Inflation, Interest rates, Real Estate, Refinancing
2021 began with the lowest interest rates on record…but they didn’t last long. By April, they had already reached the peak for 2021. And we can very likely expect rates to move even higher in the new year. The Federal Reserve has given several signals that...
by Alterna Mortgage | Apr 30, 2021 | Housing Market, Inflation, Interest rates, Refinancing
There are a few things the financial markets are saying are important for interest rates, stocks, and the economy. One of them is inflation. The March Consumer Price Index (CPI) came in at 2.6% year-over-year, the highest level since August 2018. While there are key...
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