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Debt-Ceiling Drama Causes Mortgage Rates to Rise

In recent weeks, mortgage rates have experienced a notable increase, marking the second consecutive week of upward movement. This rise is primarily attributed to the prevailing uncertainty surrounding the debt-ceiling standoff. As the U.S. economy demonstrates...

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Spring 2023 – What’s happened and what to expect

Last week, the real estate market saw a decrease in active inventory and new listing data, with the latter reaching an all-time low in 2023. However, purchase application data increased by 8%, indicating that homebuyers are moving quickly into escrow. The seasonal...

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JPOW before Congress – March 2023 – Day 1 of 2

The Federal Reserve is considering a half-point hike in interest rates (instead of the previous 0.25% increments), and if faster tightening is required, the Fed is ready to increase the pace of rate hikes. Inflation has slowed down in recent months, but the closely...

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