WASHINGTON, D.C.—Federal Reserve Board Vice Chair for Supervision Michael S. Barr announced Tuesday significant improvements to how banks would handle low down payment mortgages under so-called Basel III “endgame” changes. The following is a... Read more »
Mortgage rates had a chance to break to new highs this year, but the Federal Reserve took a moderate tone at the last Fed meeting. We saw the benefit of lower mortgage... Read more »
A serious 10-year yield and mortgage rate talk My work on housing moves around the 10-year yield and the economics that move that. The growth rate of inflation has fallen a lot... Read more »
The Consumer Price Index (CPI) increased 0.4% in February on a seasonally adjusted basis, after rising 0.3% in January, the U.S. Bureau of Labor Statistics reported on March 12. It marked the... Read more »
Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales, the Federal Reserve reported in its Beige Book... Read more »
L.A. real estate professionals reported mixed opinions to the Federal Reserve Bank statement on Jan. 31 that the government’s interest rates would stay between 5.25 and 5.5 percent. For some agents, the... Read more »
The federal government has announced a $3 billion investment in a high-speed rail system connecting Southern California to Las Vegas. The fully electric high-speed rail system is set to cover a distance... Read more »
Federal Reserve Chair Jerome H. Powell, in a recent address at the Federal Reserve, emphasized the need for flexibility in economic forecasting. Powell, a central figure in the nation’s monetary policy, spoke... Read more »