When the Federal Reserve announces a change in interest rates, it makes headlines. But does the federal interest rate directly impact your mortgage rate? See what Windermere’s Chief Economist, Matthew Gardner has to say.
Article image credited to Soloviova Liudmyla / Shutterstock.com
Comments
Related Articles
Steady job creation over the past five-plus years, unattractive rent costs and the anticipation of a mortgage rate increase are propelling homebuyers into the spring market at a faster rate than expected, according to the National Association of Realtors. Pending home sales in April reached their highest level in over a decade, with gains in contract signings across all major regions except the Midwest.
Why are leading housing economists such as Sean Becketti of Freddie Mac, Mike Fratantoni of the Mortgage Bankers Association and National Association of Realtors’ Lawrence Yun still worried about rates on the long term? Although Becketti has lowered estimates to 3.9 percent by the end of this year, he still expects rates on a 30-year fixed to hit 4.5 percent in 2017.
The United States Census Bureau recently released its most recent data on the population of American cities in the U.S. Some metropolitan areas are experiencing tremendous growth, especially in the South. The West has also done tremendously on the population growth front. The following is a comprehensive list of the top 10 U.S. cities with the fastest population growth.
What is the cost of luxury real estate? In New York City, it’s $5 million and up. In Miami, the threshold drops to $2 million. The price of high-end comfort fluctuates across local markets, international borders and, most certainly, years.