Mortgage Rate

Fed on track to slow aid to economy later this year

WASHINGTON (AP) – The Federal Reserve will begin cutting its ultra-low rate policies this year as long as hiring continues to improve, President Jerome Powell said on Friday, marking the start of the end of the extraordinary response from the Fed to pandemic recession. In a speech virtually delivered to …

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How to Navigate the Changing Mortgage Market

Source: Adobe Stock Coming out of the most unprecedented moments that most of us will experience, it can be difficult to look to the future with confidence. With economic conditions constantly changing during the pandemic, many credit unions are wondering how to anticipate the next trends and find opportunities to …

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So much for this second home boom?

Second homes have grown along with the rest of the housing market during the pandemic. Their overall appeal is largely twofold: people buy them to use as a getaway for fun and / or to work from home in a nice place, and / or as an investment home to …

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Mortgage rates rise from long-term lows

Mortgage rates hit their best in 6 months yesterday, but have moved higher today following a strong report on the service sector. The economy is one of the key factors in interest rates. As such, many of the most relevant economic reports have a long history of causing day-to-day volatility. …

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