Americans Finally Start to Feel the Sting From the Fed’s Rate Hikes
Those who need to borrow now are getting a lot less for their money Rising interest rates are hitting Americans’ finances. [READ FULL ARTICLE] — Source: wsj.com | By Rachel Louise Ensign...
Higher Interest Rates Not Just for Longer, but Maybe Forever
Rate projections suggest many Fed officials see a rising ‘neutral rate’ On Wednesday, Federal Reserve officials surprised markets by signaling interest rates won’t fall as much as previously planned. [READ FULL ARTICLE] — Source: wsj.com | By Greg Ip...
Opinion: Fed’s ‘golden handcuffs’: Homeowners locked into low mortgage rates don’t want to sell
Fed’s inflation fight tightens the U.S. housing supply and makes home buying even more difficult Conventional wisdom dictates that U.S. inflation will continue to decline as the Federal Reserve keeps interest rates high. This action, which makes loans more expensive for businesses and consumers, s...
Median home price hits 15-month high in California
Home prices in California continue to rise, reaching a 15-month high in August, according to the California Association of Realtors. The trade association blames the soaring costs on the usual culprits: rising mortgage rates and the state’s ongoing shortage of homes on the market. Among the bigges...
Home prices are high. Here’s how owners can use that equity.
Inflation may be cooling, but the interest rates to combat it aren’t showing any signs of coming down soon. Higher interest rates make borrowing more expensive across the board, reducing the financial opportunities for many. One group that has suffered is existing homeowners. This group is oft...