The cooling of the housing market is interfering with the Fed’s credit approval

The Federal Reserve ruled out a small increase in interest rates on Wednesday, while signaling that inflation will soon be reduced, by even when no default was placed on the mortgage loan portfolio. “We have no pressure and no intention to tighten,” Fed Chairman Jerome Powell said in his press conference after the decision to … Read more

Mortgage Rates Drop to 6.09%

Lots of text Mortgage rates are declining but remain above their levels a year ago. Brandon Bell/Getty Images Mortgage rates fell for a fourth straight week, according to the report Freddie Mac records. The average 30-year fixed-rate mortgage is now down nearly one percent from its 2022 peak. The average interest rate on a 30-year … Read more

What the Fed’s interest rate hike means for the housing market: ‘That’s good news for mortgage payments’

The Federal Reserve’s move to raise interest rates bodes well for the housing sector, some experts say. The central bank raised its interest rates on Wednesday per quarter percent. It also indicated that “only a few hikes” are likely in the Fed’s fight against high rates. These increases do not directly affect mortgage rates. But … Read more

Builder Stocks Rose. Mortgage Rates May Continue to Fall.

Lots of text Rising mortgage rates have fueled discussions about the housing market. Frederic J. Brown/Getty Images Construction stocks gained on Wednesday after the Federal Reserve raised interest rates by a quarter of a percent, signaling a slowdown in monetary policy tightening. Investors may be on the lookout for lower mortgage rates than any housing-related … Read more

The era of cheap credit is just getting started.

Credit losses in the $1.4 trillion U.S. mortgage market are starting to fall as the Federal Reserve’s rate hikes threaten companies clinging to cheap debt. Companies that do not qualify as investments, perhaps because of high debt or bad history, rushed to make special loans in the last decade, causing the rise of sector to … Read more

Falling behind on student loans can reduce Social Security benefits by $2,500 a year

An office of the Social Security Administration in San Francisco. Getty Images If you default on federal student loans and collect Social Security benefits, your monthly paycheck may be reduced. Sick leave has put all the decorations away hold off for now. But when collection ends, the reduction in annual Social Security benefits is about … Read more