Housing Market

Mortgage Rates — Hike or Hype?

As the Fed prepares to raise interest rates, some fear they might discourage homebuyers and cause the housing market to slow. Others speculate that increasing rates will create even more demand from buyers who know rates likely will continue their climb. Which is it?
housing market

Here's What's Happening in Housing News

Europe and Greece are friends again, or at least frenemies, and all eyes are on Fed Chair Janet Yellen. She talks to Congress this week and could offer clues on interest rates. Economic data has been OK, but not great. This week, we’ll get a look at retail sales, inflation, home construction and Pluto.

What, Me Worry? Yellen Not Backing Off Rate Hike this Year

Global financial markets had a stormy week – Greece, China, Puerto Rico, yowza! But Federal Reserve Chair Janet Yellen isn’t fazed. Today, she sent a strong signal that the central bank remains on track to raise interest rates later this year.
mortgage_rates_could_fall_on_Greece

How empty ATMs in Greece Could Lower Mortgage Rates

Greece is running out of banknotes, China is throwing bundles of cash into its frenzied stock market, and Puerto Rico needs money to pay bills. When the global economy gets chaotic like this, the world’s wealth managers – pension funds, governments, and other big investors – look for a safe place to ride things out.
housing market

… and Here's The Week in Housing News

Hold on to your tweedy cap. Despite decent jobs data last week, the U.S. economy faces headwinds. Americans are dropping out of the workforce and no one yet knows whether the Greek drama is a tragedy or comedy of errors. There's China and Puerto Rico to contend with, too. In housing news this week, we get more jobs data, Janet Yellen speaks and Congress will give us a taste of their annual fall spending battle. D.C. gets its own beach for the summer and it might be the only shark-free zone in the city.
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