Interest rates

Five years ago, refinancing made up 75 percent of the mortgage business. Today, it’s just around 37 percent. With climbing interest rates, demand has dipped and the mortgage industry is poised to shed jobs. Click the audio player above to hear the full story. 

Five years ago, refinancing made up 75 percent of the mortgage business. Today, it’s just around 37 percent. With climbing interest rates, demand has dipped and the mortgage industry is poised to shed jobs. Click the audio player above to hear the full story. 

Someone at the Federal Reserve is probably smiling right now. Six years ago, the Fed set a “target” rate for inflation, a Goldilocks level of 2 percent. Not too high, as in out-of-control prices and not too low, signaling a weak economy. Today, inflation has finally inched up to that target. So, what does that mean for […]

President Donald Trump has long favored low interest rates, which are typically a boon for real estate developers. And he has criticized the Federal Reserve and the chairman he appointed, Jerome Powell, for pursuing a policy of gradual rate hikes initiated under former Fed Chair Janet Yellen. But maintaining a loose monetary policy could be […]