Howard Hanna lets buyers shop with pre-locked mortgage rates

The program stands in stark contrast to the way most loans work, which typically require a borrower to have a contract already in place before they can lock in an interest rate.

400,000 fewer young people are buying homes due to student debt

The rise in student debt — which more than doubled from 2005 to 2014 — has resulted in hundreds of thousands of fewer young people owning a home, according to a new study from the Federal Reserve.

Fed raises interest rate for the fourth time in 2018

The Fed’s increase sets a target range for the federal funds rate of 2.25 percent to 2.5 percent. The increase of 25 basis points came as the “labor market has continued to strengthen and that economic activity has been rising at a strong rate,” according to a statement from the Fed.

Redfin hires new chief economist from Amazon

Redfin’s new chief economist, Daryl Fairweather, who comes to Redfin from Amazon, will oversee the tech-powered brokerage’s team of economists and data scientists who research and compile reports on the market, homeownership and the economic factors im…

How mergers, money and machines are reshaping real estate

The real estate industry is a space ripe for change and disruption — from the way homes are bought and sold, to how people are paying and who’s doing that buying and selling. With change happening at such a torrid pace, it’s often hard to keep up, so we at Inman have rounded up the five biggest trends that are shaping the industry right now.

Fed raises interest rates another 0.25% in third hike this year

The Federal Reserve increased its short-term interest rate from 2 percent to 2.25 percent Wednesday, the third rate hike to take place this year. 

7 Benefits of a Federal Reserve Interest Rate Hike

(TNS)—Interest rates are going up. The Federal Reserve in June hiked rates for the second time in 2018, and there could be two more rate hikes before the end of the year, including one at this month’s Fed meeting. Sure, the increases mean it will cost more to borrow—but you’ll benefit from getting better rates on […]

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Mortgage rates leap to fourth highest level of the year

Mortgages rates rose for the second consecutive week, according to the latest Primary Mortgage Market Survey from Freddie Mac. 

Inflation rate hits Fed goal, reaches highest level since 2012

The U.S. inflation rate rose 2 percent to the highest it’s been since 2012, according to the latest figures released by the U.S. Department of Commerce’s Bureau of Economic Analysis.

Fed: Rates Increased for Second Time This Year

As predicted by all officials, the Fed raised rates for the second time in 2018—from 1.75 percent to 2 percent. The remainder of 2018 and 2019 may see more gradual hikes, with analysts predicting two more increases by year’s end in order to curb future inflation concerns following reports of a strong labor market and […]

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