Large rate increase avoided after debt deal reached
A significant week in Washington ended with the Senate passing the Fiscal Responsibility Act to raise the debt ceiling and cap government spending for two years.
Headwinds keep coming as debt ceiling looms
The latest bogey in the world of the housing industry looms in the form of a June 1 deadline for Congress to raise the debt ceiling or risk the United States defaulting on its debt obligations.
Fed’s latest hike pushes mortgage rates down
A 10th straight hike brought us to a 16-year high of the federal funds rate this past week as the Federal Open Market Committee approved a 25-basis point rate increase.