Long-term Treasury and mortgage rates are declining again. Not far, still hovering about 0.25 percent above the all-time lows, but certainly helpful to housing. Some of the reasons for the drop are traditional economics, but others remind how very strange this era is. The Federal Reserve met this week, and to no one’s surprise, it left alone the overnight cost of money.
- The Federal Reserve met this week, and to no one’s surprise, it left alone the overnight cost of money.
- However, to the surprise of most, it did nothing to “set the table” for a hike at its next meeting in June.
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Inman Connect New York | January 29 - February 1, 2019