Bautis Financial
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With mortgage rates hitting historic highs and Americans carrying over $1 trillion in credit card balances, the Fed's next move will have big implications for consumers and the economy. In this installment of Advisor Commentary, Marc Bautis discusses three routes the Federal Reserve could take.
An upswing in mortgage rates in the US has driven affordability down to its lowest point in almost four decades. Those searching for homes may find that delaying for potential relief involves a risky bet.
The Federal Reserve is expected to approve what would be the 11th interest rate increase since March 2022 this afternoon, taking the benchmark borrowing rate to its highest level since early 2001.
While the Federal Reserve announced it’s 10th interest rate hike in 14 months, the central bank signaled the historic tightening cycle may be coming to a close.
The Federal Reserve increased interest rates by another 25 basis points yesterday, bringing the benchmark rate to a range of 4.7% to 5%.
Mortgage applications to purchase a home dropped 6% last week as mortgage interest rates continue to rise.
The Federal Reserve raised interest rates by half a percentage point, a dialed back hike compared to the previous four three-quarter-point hikes.
The Central Bank is expected to approve the fourth massive interest rate hike this month, but investors are more interested in the search for signs of a slowing tightening pace.
