Who knew? The Federal Reserve raised its funds rate barely three months ago, and all that worry about higher interest rates for mortgage borrowers ended up being positively unwarranted. The average rate on the popular 30-year fixed mortgage began a free fall, reacting to financial markets overseas rather than monetary policy here at home. “Mortgage […]

We all have a big financial stake in housing — as homeowners, renters, landlords and/or taxpayers. Let’s consider the major macroeconomic trends in 2016 that will significantly impact those stakes. ● Homeowners should enjoy another year of solid gains in house prices. Prices have been moving steadily higher since the housing bust hit bottom four years […]