At the most recent MarketWatch Atlanta in December 2018, John Hunt of MarketNsight and Dr. Rajeev Dhawan of the Georgia State University Economic Forecasting Center both shared insightful information regarding the state of the Atlanta new home industry – including the prediction that the Federal Reserve would not hike rates in 2019! Dr. Dhawan went against all conventional thinking to say[...]
The number of applications rose and mortgage rates continued to stay low, despite yet another announcement from the Federal Reserve that it would further taper its stimulus down to just $65 billion per month. According to the most recent numbers from the Mortgage Bankers Association, mortgage applications rose 0.4 percent in the week ending Jan. 31, 2014 compared to the week[...]
Last week, the Federal Reserve announced that they are going to launch an aggressive program to spur the economy through open-ended commitments to buy mortgage-back securities and through their promise to keep interest rates low. The Fed stated that they will buy $40 billion of mortgage-backed securities each month until the job market improves. The action taken by the Fed is[...]