Tag: fed

Fed Rate Cut Good for Housing

Filed in Economics, Housing Finance by on July 31, 2019 0 Comments
Fed Rate Cut Good for Housing

In a policy change widely expected and good for housing and home building, the Federal Reserve today reduced its key, short-term federal funds rate by 25 basis points to a top rate of 2.25%. The housing sector continues to face affordability headwinds, and today’s action by the Fed will help by reducing borrowing costs.

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Fed Chair: Home Builders Feel Like They’ve Been Hit by a ‘Perfect Storm’

Filed in Affordability, Capitol Hill by on July 11, 2019 17 Comments
Fed Chair: Home Builders Feel Like They’ve Been Hit by a ‘Perfect Storm’

Federal Reserve Chairman Jerome M. Powell told the Senate Banking Committee today that the nation’s home builders are facing several supply-side challenges that are hindering housing affordability and “feel almost like they have been hit with a perfect storm here.”

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Fed Action Bodes Well for Mortgage Rates

Filed in Economics, Housing Finance by on March 25, 2019 0 Comments
Fed Action Bodes Well for Mortgage Rates

The Federal Reserve’s decision last week to hold short-term interest rates steady, along with two other key announcements by the central bank, should reduce upward pressure on mortgage interest rates for the foreseeable future.

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Fed Holds Interest Rates Steady; What Does This Mean for Housing?

Filed in Economics by on January 30, 2019 1 Comment
Fed Holds Interest Rates Steady; What Does This Mean for Housing?

The Federal Reserve ended its two-day meeting of its policymaking committee by announcing it would hold short-term interest rates steady and signaling that it will carefully evaluate future economic conditions before considering another rate hike. NAHB Chief Economist Robert Dietz provides an analysis of the Fed’s decision and the possible impact on the housing market.

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