by Chris Mason | Dec 28, 2022 | Uncategorized
The pandemic has caused a lot of changes in the housing market, and over the past few years we’ve seen sub-three percent mortgage rates, fast-paced bidding wars, and record-low inventory. However, more recently we’ve seen a correction in the market, with... by Chris Mason | Dec 20, 2022 | Uncategorized
On Tuesday, federal regulators fined Wells Fargo $1.7 billion for “widespread mismanagement” over multiple years that harmed over 16 million consumer accounts. The Consumer Financial Protection Bureau (CFPB) described the bank’s “illegal... by Chris Mason | Dec 15, 2022 | Uncategorized
Hot on the heels of the Fed announcing another interest rate increase, data has come in showing that mortgage rates have decreased for the fifth week in a row. This is a timely reminder that the Fed does not set mortgage rates, individual banks and lenders do, and... by Chris Mason | Dec 14, 2022 | Uncategorized
The Federal Reserve took a historic step Wednesday, raising its benchmark interest rate by 50 basis points, putting the key benchmark federal funds rate at a range of 4.25% to 4.5%. This marks the fourth rate increase this year and the ninth since 2015. With this... by Chris Mason | Dec 13, 2022 | Uncategorized
Recent economic data shows that food inflation is rising at a faster rate than overall inflation, with grocery prices rising by 12%, menu prices increasing by 8.5%, and eggs becoming 49.1% more expensive through November. Inflation cooled more than expected in...