As expected, the Federal Reserve raised the Fed Funds rate by 50 bps, which is exactly what the markets were expecting them to do. The Fed Funds Rate does not directly impact mortgage rates. The Fed Funds rate directly affects credit card rates, auto loans, and home equity loans. They acknowledged that inflation is a […]

Realtors, Lenders, and homebuyers have been praying for more housing inventory since the pandemic began. Housing inventory fell to as low as just 300,000 in the U.S. for sale by the fall of 2021. This is 1/10th the inventory we had 15 years prior. Record low mortgage rates combined with record-low inventory led to insane bidding […]

Every two weeks, I curate this article to summarize exactly what is going on in the housing market. The Fed has stood by its guns, stating that they will continue forward with additional interest rate hikes this year, the next of which is expected in early May at .50% to continue to fight inflation. Consumer […]

Rising mortgage rates and the Fed’s actions this week to combat inflation continue to stretch homebuyers’ budgets, encouraging more homeowners to stay put. Unfortunately, the US media has become more of a daytime talk show than a truth outlet in recent years. This is why twice a month I spend half my day writing this newsletter […]