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Grim warnings from Powell and the Fed push rates on home loans to new low

Grim warnings from Powell and the Fed push rates on home loans to new low

Even as building slows, the Fed is pumping purchasing power into housing. Short supply plus increased purchasing power could put upward pressure on prices. Of course, it all hinges on demand … will buyers be willing to take on a mortgage in such an uncertain jobs market? After all, even a zero percent mortgage payment […]

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Fed Warns of Significant Hit to Asset Prices If Crisis Grows

Fed Warns of Significant Hit to Asset Prices If Crisis Grows

Another not-so-subtle clue in the news … Fed chair Powell warns that commerical real estate values could plummet because of crisis … if “financial system strain’s re-emerge”. Notice Powell makes a distinction between the economy and the financial system. Health crisis > Economic Crisis > Financial System Crisis (credit markets and banks). The economy needs

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