The Stock Market Selloff Has Had a Profound Impact on Mortgage Rates
Mortgage News Ticker, 28 Aug 09:55 AM
Challenged on Left and Right, the Fed Faces a Decision on Rates
The New York Times | August 30, 2015
Conservative activists who want the Federal Reserve to raise interest rates distributed chocolate coins in golden wrappers at the local airport last week as Fed officials arrived for their annual policy retreat. Liberal activists in green “Whose Recovery?” T-shirts formed a receiving line at the resort hotel in the heart of Grand Teton National Park where the meeting was held, to personalize their argument that the Fed should wait.
Home Values in U.S. Oil States to Fall With Drop in Crude Prices
Bloomberg | August 28, 2015
Oil-producing states defied the U.S. housing crash by posting gains in home values as the rest of the nation suffered. Now, with crude trading at half what it was a year ago, it may be their turn for lower property prices.
Signs Indicate No Drop-Off for Home Sales
Realtor Mag | August 28, 2015
It appears existing-home sales won’t drop off at the end of the summer, as sales contracts rose modestly in July, reflecting an overall upward trend for the past seven months, according to National Association of Realtors data.