We're still a long way from normal
What's ahead for international markets
The rate of homeownership has stopped its straight-line collapse and may have begun to rise
By spring or summer, we may look back at January as the Great 2016 Head-Fake
What happens in China this year could be more important than what happens here
The disconnect between markets, data and the Fed has widened
Bad news takes rates down, and that’s (mostly) good for mortgages and real estate
In our racket, the Fed is paramount
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.
The big deal next Wednesday: Fed hints at the future pace of tightening
The choke point for first-timers is not the mortgage payment
Opinion
The public doesn’t care about the aggregate; civilians and Realtors care about particular houses
The Fed sent more signals this week that liftoff will happen in December
An overwhelming consensus of economists expects Fed liftoff at last in December. Good thing we’ve had several hundred miles of runway. An equally overwhelming consensus in the bond market thinks the Fed may get the bird airborne, but not for long. Nor for good reason.
After today’s employment report, the Fed is a united hawk-nest