Various government regulators allege the bank had shoddy mortgage servicing and foreclosure activity oversight
Long-term movement in rates is of more interest
Current homeowners are indifferent, while prospective buyers show concern about affordability and adjusting their searches
We have liftoff. The long and short of it follow -- short first. The immediate reaction to the Fed’s first hike in 1- years, from a band “0 percent to .25 percent” to .50 percent: The prime rate moved mechanically to 3.50 percent, rising in lockstep as it will after each future increase in Fed funds.
There will be 3 more rate hikes in 2016, and the Fed funds rate will be about 1.25 percent at the end of next year
The Fed has raised the Fed Funds Rate, but no need to fret
The Federal Reserve raised interest rates for the first time in 9 years
Protect your buyers and sellers from the yelling by giving them straight facts
The big deal next Wednesday: Fed hints at the future pace of tightening
New title agent survey shows growing concern about impact on first-time homebuyers
Credit scores are used as a predictor in several areas of lending
The Fed sent more signals this week that liftoff will happen in December
Increased rates could decrease the number of qualified buyers as well as sales prices
What the experts are saying
The dark side of negative interest rates