Anna Raymond was ready to transition from renting to owning last spring. But after five unsuccessful offers, she and her husband decided to take a step back from house hunting. Then, in December, their realtor presented an offer that was too good to accept. A house in Longmont was for sale and the seller was …
Mortgage buybacks return as interest rates remain high Read More »
Homebuyers may finally be taking a breather this year, an expert says, as signs of lower inflation could push mortgage rates down as early as this month. “Mortgage rates are down nearly a full percentage point since peaking in November,” Melissa Cohn, vice president of William Raveis, a real estate brokerage firm, told Yahoo Finance …
Housing expert: ‘We can expect mortgage rates to come down’ Read More »
As 2023 kicks off, markets are clinging to expectations that the U.S. economy will slide into a recession that effectively forces the Federal Reserve to start cutting interest rates, slashing bond yields and borrowing costs, and perhaps help stock market valuations. U.S. economic data released over the past few months shows that inflation has moderated, …
Last Friday, Scott Herkelman, Senior Vice President of AMD and General Manager of Radeon Graphics at AMD, sat down with PCWorld Editor-in-Chief Gordon Mah Ung to discuss current cooler malfunctions in AMD RX graphics cards. 7900 XTX during CES 2023. During the discussion, AMD Senior said that issues with new graphics cards are in a …
WASHINGTON — Federal Reserve officials are determined to fight inflation and expect higher interest rates to stay in place until more progress is made, released minutes show. Wednesday of the central bank’s December meeting. At a meeting where policymakers raised their policy interest rate another half a percentage point, they expressed the importance of keeping …
Fed officials predict higher rates for ‘some time’ to come Read More »
Minneapolis Federal Reserve Chairman Neel Kashkari said Wednesday he was wrong to think inflation would prove “transient” last year, and said more rate hikes would be appropriate this year to continue to reduce price pressures. “While I think it’s too early to definitively declare that inflation has peaked, we are seeing growing evidence that it …
Minneapolis Fed’s Kashkari explains why it missed inflation, calls for higher rates Read More »
A A safe prediction to make for 2023 – or any year – is that many predictions will be wrong, especially in the world of economics and financial markets. As Nobel Prize-winning economist Daniel Kahneman notes in his book, Thinking, Fast and Slow, “[everything] makes sense in hindsight… The illusion that what we understand of …
Rates, growth and China: what will cause economic headwinds in 2023 Read More »
‘A welcome development’: As mortgage rates drop for a fifth week, experts say the market has tipped ‘a bit more in favor of buyers’ despite lingering ‘affordability hurdles’ Mortgage rates continued to fall for the fifth straight week after the Fed announced its seventh rate hike of the year. Sam Khater, Freddie Mac’s chief economist, …
European Central Bank President Christine Lagarde attends a hearing of the European Parliament’s Economic and Monetary Affairs Committee on November 28, 2022 in Brussels, Belgium. Thierry Monasse | Getty Images News | Getty Images The European Central Bank opted for a lower rate hike at its meeting on Thursday, raising its key rate from 1.5% …
With inflation still high, albeit declining, the Federal Reserve is once again turning to its most effective weapon in its fight against soaring prices: another rate hike. The central bank on Wednesday raised its key rate by 0.5 percentage points, marking its seventh consecutive rise this year. There are signs that its highest inflation campaign …
