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Apr. 11, 2025: Mortgage rates surge over 7% as tariffs hit bond market.
A rollercoaster week in stocks from the White Houses' tariff plans sent bond prices lower and rates surging higher with the average...
Andrew Belcher
Apr 111 min read
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Feb. 3, 2025: State Farm seeks emergency rate increase averaging 22% after LA fires.
As if insurance costs were not already high, State Farm just asked the state's insurance commissioner for an emergency rate hike of...
Andrew Belcher
Feb 81 min read
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Jan. 29, 2025: Fed holds rates steady, takes less confident view on inflation.
After coming down 100 basis points on the Fed funds rate over the last 3 Fed meetings, Jerome Powell indicated that inflation pressures...
Andrew Belcher
Jan 311 min read
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Dec. 18, 2024: Fed cuts by a quarter point, indicates fewer reductions ahead.
As widely anticipated, the Federal Reserve cut interest rates by an additional 25 basis points, (now down 100 basis points from the peak...
Andrew Belcher
Dec 24, 20241 min read
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Oct. 26, 2024: U.S. home sales on track for worst year since 1995.
According to the National Association of Realtors, homes sales for 2024 are on pace to be at the lowest level since 1995, with sales for...
Andrew Belcher
Dec 1, 20241 min read
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Nov. 7, 2024: Federal Reserve cuts interest rates by a quarter point.
As widely expected, the Federal Reserve lowered its overnight borrower rate by another 25 basis points on Wednesday to a target range of...
Andrew Belcher
Nov 23, 20241 min read
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Sept. 18, 2024: Fed Meeting Recap: Chair Jerome Powell defends central bank's decision to go big with first rate cut.
Although a 50 basis point rate cut was not widely expected by most market participants and economists, Federal Reserve Chairman Jerome...
Andrew Belcher
Sep 20, 20241 min read
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Aug. 23, 2024: Fed Chair Powell indicates interest rate cut ahead: 'The time has come for policy to adjust'.
At his Jackson Hole speech, Fed Chairman Powell said that the Fed does "not seek or welcome further cooling in labor market conditions"...
Andrew Belcher
Aug 31, 20241 min read
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July 31, 2024: Powell says September rate cut 'on the table' if inflation data continues to cool.
Fed chair Powell said in today's press conference with regards to a potential rate cut in September that "the question will be whether...
Andrew Belcher
Jul 31, 20241 min read
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July 25, 2024: Luxury home prices spike 9% to all-time-high.
The typical U.S. luxury home sold for a record $1,180,000 in the 2nd quarter of 2024, up 8.8% from a year earlier. Non-luxury homes grew...
Andrew Belcher
Jul 31, 20241 min read
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July 15, 2024: Powell indicates Fed won't wait until inflation is down to 2% before cutting rates.
Speaking at the Economic Club in Washington D.C. on Monday, July 15th, Powell said that central bank policies have an economic "lag",...
Andrew Belcher
Jul 25, 20241 min read
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July 9, 2024: Housing prices rise despite more supply.
According to the National Association of Home Builders (NAHB), despite new construction homes with 9+ months of supply, existing home...
Andrew Belcher
Jul 13, 20241 min read
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June 21, 2024: FHFA announces conditional approval of Freddie Mac pilot to purchase second mortgages.
Just when you thought prices couldn't go any higher, the FHFA has approved a pilot program for Freddie Mac to purchase 2nd mortgages up...
Andrew Belcher
Jul 13, 20241 min read
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June 21, 2024: Home prices hit record high in May as sales stall.
Despite inventory levels rising to over 3 months of supply (up 6.7% from last month and up 18.5% from one year ago), the average home...
Andrew Belcher
Jun 24, 20241 min read
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June 16, 2024: Fed's Kashkari says it's "reasonable" to predict a December rate cut.
After keeping the Federal Funds rate at 5.25% - 5.50% last week, Minneapolis Fed. Chair Neal Kashkari said that he wanted to see more...
Andrew Belcher
Jun 24, 20241 min read
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May 6, 2024: Renters' hopes of being able to buy a home falls to a record low, Fed survey shows.
It's a stark reality according to the New York Federal Reserve's survey which says most renters expect prices to increase 9.7% over the...
Andrew Belcher
Jun 23, 20241 min read
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May 2, 2024: When is the best time to sell a home?
An analysis of over 59 million homes sales was conducted over a period of 13 years and found that the month of May was the best month to...
Andrew Belcher
Jun 22, 20241 min read
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May 1, 2024: Fed meeting recap: Powell pretty much rules out a hike as the central banks next move.
Jerome Powell and the Federal Reserve kept interest rates unchanged at their May meeting and further dampened the talk about the Fed...
Andrew Belcher
May 16, 20241 min read
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Apr. 18, 2024: Mortgage rates are now at the highest level of the year, and could still climb.
The average rate on a 30-year mortgage crossed 7% again on April 1st and is now hovering around 7.5% according to Mortgage News Daily....
Andrew Belcher
May 1, 20241 min read
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Apr. 5, 2024: Fed governor Bowman says additional rate hike could be needed if inflation stays higher.
As year-over-year inflation figures remain stubbornly high, Fed governor Bowman (who is a voting member in the rate-setting FOMC), said...
Andrew Belcher
May 1, 20241 min read
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