Tag: fed

Federal Reserve Releases Plan to Reform Community Reinvestment Act

Filed in Housing Finance by on September 21, 2020 0 Comments
Federal Reserve Releases Plan to Reform Community Reinvestment Act

The Federal Reserve on Monday issued an Advance Notice of Proposed Rulemaking (ANPR) that invites public comment on an approach to modernize the regulations that implement the Community Reinvestment Act (CRA).

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Fed Expects Interest Rates to Hold Near Zero Through 2022

Filed in Economics by on June 10, 2020 0 Comments
Fed Expects Interest Rates to Hold Near Zero Through 2022

The Federal Reserve held the federal funds rate at the current 0% to 0.25% range and said it intends to keep its benchmark rate near zero through 2022 as the central bank continues to deploy policy tools to underwrite an emerging recovery for the U.S. economy from the COVID-19 pandemic. 

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Fed Announces $2.3 Trillion Loan Program to Support Economy

Filed in Disaster Response, Economics by on April 9, 2020 3 Comments
Fed Announces $2.3 Trillion Loan Program to Support Economy

The Federal Reserve today acted to provide up to $2.3 trillion in additional loans to support the economy. To bridge the economy from the current period, where it is partially shut down due to virus mitigation efforts, to an eventual period of economic recovery, the Federal Reserve aggressively expanded its toolbox for providing liquidity.

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Fed Takes Action to Keep Credit Flowing

Filed in Disaster Response, Economics by on March 23, 2020 0 Comments
Fed Takes Action to Keep Credit Flowing

The Federal Reserve announced today it is taking new action “to support the flow of credit to households and businesses by addressing strains in the markets for Treasury securities and agency mortgage-backed securities.”

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Fed Cuts Interest Rates to Zero

Filed in Economics, Housing Finance by on March 15, 2020 1 Comment
Fed Cuts Interest Rates to Zero

The Federal Reserve on Sunday evening slashed interest rates to zero in a dramatic move to boost the economy and keep borrowing costs as low as possible for consumers and businesses in the wake of the coronavirus crisis.

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Fed Cuts Rates by Half a Percentage Point

Filed in Economics by on March 3, 2020 0 Comments
Fed Cuts Rates by Half a Percentage Point

Reacting to growing economic concerns stemming from the coronavirus, the Federal Reserve Federal Open Market Committee today reduced the target range for the federal funds rate by 50 basis points, lowering the target to 1% to 1.25%. The target rate is now the lowest since late 2017, completely unwinding the rate hikes of 2018.

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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 Advocacy, Housing Affordability 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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