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Policymakers now envision making just one rate cut this year, but investors who fund most mortgages are still betting the central bank will change its tune if inflation continues to ease.
The Federal Reserve held firm on its current interest rate levels after its latest meeting, but inflation numbers are leading to talk of potential action in third and fourth quarters.
Mortgage rates are likely to remain higher for longer, attracting borrowers who face life events but not “economic gamers“ to the market.
Amid bank failures and depositor concerns, the most powerful central bank in the world decides to … raise interest rates?
An entity affiliated with New York attorney Eric Orenstein has reportedly paid $42 million for a South Florida hotel, Wells Fargo is said to have loaned $172.9 million for a Manhattan apartment tower, and Cabot Properties is said to have acquired a South Florida warehouse for $17.8 million.