As expected, the Federal Reserve raised the Fed Funds rate by 50 bps, which is exactly what the markets were expecting them to do. The Fed Funds Rate does not directly impact mortgage rates. The Fed Funds rate directly affects credit card rates, auto loans, and home equity loans. They acknowledged that inflation is a […]

Realtors, Lenders, and homebuyers have been praying for more housing inventory since the pandemic began. Housing inventory fell to as low as just 300,000 in the U.S. for sale by the fall of 2021. This is 1/10th the inventory we had 15 years prior. Record low mortgage rates combined with record-low inventory led to insane bidding […]

It’s About Time We Got More Houses… But is it too many?? May housing numbers are out, revealing a significant turning point in inventory, with the count of home listings actively for sales growth compared to last year. This is the first time we have seen inventory growth since mid-2019. For three straight years every […]