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The Federal Reserve (Fed) has outlined its 2025 meeting schedule, providing insights into potential monetary policy decisions and interest rate adjustments. The Federal Open Market Committee (FOMC), responsible for setting the federal funds rate, has eight scheduled meetings this year: As of January 2025, the federal funds rate stands at a target range of 4.25% […]
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If you’ve been focusing on the mortgage market lately, you’ll know just how topsy-turvy it’s become. One day, rates are inching down amid hopes of Federal Reserve interest rate cuts. The following signs of stubborn inflation keep borrowing costs stubbornly high. The latest inflation data—published just this morning—has only complicated the picture further, leaving homebuyers, […]
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Regarding the real estate market, we often focus on interest rates, inventory, and buyer demand. However, trade policies—particularly tariffs—can have a significant but less obvious impact on housing costs, inflation, and even mortgage rates. The Trump administration’s aggressive use of tariffs as both a negotiating tool and economic policy offers a case study of how […]
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In a surprising turn of events, Boston Mayor Michelle Wu’s ambitious property tax proposal has stopped after failing to gain traction in the Senate. The plan aimed to alleviate homeowners’ tax burdens by increasing levies on commercial real estate and was touted as a transformative step toward balancing Boston’s fiscal priorities. However, its collapse leaves […]
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Mortgage rates have recently surged back to 7% despite a series of rate cuts by the Federal Reserve. Between April and September 2024, the average 30-year fixed mortgage rate fell to 6.11% following weaker jobs reports and fears of a recession. However, as unemployment data improved and inflation remained above the Fed’s 2% target, these […]
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Amazon’s expansion into Boston’s Seaport District marks a significant development in the city’s real estate and tech landscape. Although the tech giant has delayed the move into its new tower at One Boston Wharf Road until 2027, the 630,000-square-foot lease agreement is one of the largest office deals in Boston since the COVID-19 pandemic. With […]
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What the Fed’s Latest Rate Cut Means for Mortgage Rates: A 2024 Snapshot In September 2024, the Federal Reserve made a pivotal move by slashing its benchmark interest rate by 0.5%, marking its first significant rate cut in four years. While many anticipated this decision would dramatically reduce mortgage rates, the impact has been more […]
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The Impact of US Presidential Elections on the Housing Market As the 2024 US Presidential election approaches, many prospective homebuyers and sellers are understandably concerned about how this major political event might influence the housing market. While elections generate considerable attention and speculation, historical data reveals that their impact on the housing market is often […]
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The Federal Reserve has opted to maintain its key interest rate within the range of 5.25% to 5.5% while signaling the possibility of a rate cut in September if economic conditions continue to improve. This decision, revealed today, comes amid a backdrop of cautious optimism and significant market reactions. Highlights from Powell’s Remarks Rate Cut […]
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Today, the average 30-year fixed mortgage interest rate stands at 7.00%, reflecting a slight decrease of 0.02% compared to one week ago. Conversely, the 15-year fixed mortgage rate has increased by 0.03%, now at 6.46%. These fluctuations highlight the dynamic nature of mortgage rates, influenced by many economic factors. Today’s Mortgage Rates Snapshot Here is […]
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