Posts Tagged ‘jerome powell’
Fed Puts Brakes on Rate Increases
February 1st, 2019 by Michael Mahoney
The Federal Reserve voted to leave interest rates unchanged Wednesday and signaled that it’s not in any hurry to resume raising rates in 2019. Fed Chairman Jerome Powell used words like “patient” to describe the Fed’s latest approach to increases. His change in tone follows four rate hikes last year. The Fed’s benchmark rate is not directly tied to mortgage rates but does often influence them.
“Home buyers are very sensitive to changing interest rates and will likely respond positively if mortgage rates remain below 5 percent,” says Sam Khater, Freddie Mac’s chief economist.
Fed Reserve Bank will be slow with increasing the interest rate – good for the 2019 home buyer.
January 15th, 2019 by Michael Mahoney
The Fed Reserve Bank will be slow with increasing the interest rate. This is good for the 2019 home buyer.
“At a December news conference, Fed Chairman Jerome H. Powell said the economy remained strong, and the Fed expected to continue to raise rates in 2019. But upset investors had driven down asset prices and prompted a market slump. The Fed has since lightened its tone and has emphasized that it’s taking note of investors’ concerns.”
Here is the full article on Realtor Magazine