Fed raises rates, mortgage rates drop, stocks jump, technical recession, what happens now    

Fed raises rates, mortgage rates drop, stocks jump, technical recession, what happens now    

What a week it has been in the economy.  The federal reserve is still struggling to contain inflation and as a result increased the fed funds rate .75%.  After the announcement stocks roared back in a huge “relief” rally and mortgage rates plummeted.  Shortly after,...
This chart should scare you; is the mortgage market in for a 2008 wreck; average down not even close to 20%

This chart should scare you; is the mortgage market in for a 2008 wreck; average down not even close to 20%

The federal government in their quest to shore up the mortgage market in 2008 has created some new risks to the housing market.  Non bank lenders now make up 74% of the origination volume with only 3 banks even making the list.  What does this mean for the mortgage...
Commercial property sales plunge 16%, what are the bright spots?

Commercial property sales plunge 16%, what are the bright spots?

Commercial real estate is showing the first signs of cooling in more than a year, disrupted by rising interest rates that are already causing some deals to collapse.  What is causing the quick change in fortunes in commercial real estate?  How will the recent fed...
Fed hits brakes hard, largest increase since 94, Mortgage rates surge 6.3%, not all real estate is impacted equally

Fed hits brakes hard, largest increase since 94, Mortgage rates surge 6.3%, not all real estate is impacted equally

All I can say is wow. On a dime, the real estate market changed overnight.  I was predicting mortgage rates around 6% over the course of the year. The change happened in one day with rates easily cresting 6.3%!  What does this big surge in interest rates mean to real...