Notary Near You Blog

How the Fed’s Interest Rate Decision Impacts Real Estate

According to a recent articles on usnews.com, Federal Reserve Bank of San Francisco President Mary Daly appeared to signal that the Fed will keep interest rates at their current peak for the foreseeable future. With this news, it is important to understand how this decision impacts real estate. Let’s break down what Daly said and what it means for the real estate market.  

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Notary Near YouHow the Fed’s Interest Rate Decision Impacts Real Estate
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4 Indicators for the Economy

The economy is a complex and ever-changing entity. It can be difficult to keep track of all the different indicators that measure our economic health. One way to evaluate the economic conditions in your area is to look at four high frequency indicators: airlines, movie tickets, hotel occupancy, and gasoline supplied. Let’s take a closer look at these indicators.

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Notary Near You4 Indicators for the Economy
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Update on Mortgage Rates from Mortgage News Daily

At Notary Near You we consider Mortgage News Daily a reliable source of news about current mortgage rates and trends.

In a recent article titled Mortgage Rates Holding Near 2 Month Lows they state “The average conventional 30yr fixed rate is easily back into the mid 6% range.”Matthew Graham, author of the article, takes a fun approach to this serious topic.  

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Notary Near YouUpdate on Mortgage Rates from Mortgage News Daily
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It’s No Surprise Mortgage Application Volume Is At A 25 Year Low

It is no surprise that mortgage application rates have dramatically decreased, reacting to mortgage interest rates that have reached a 20 year high.  According to an article MortgageNewsDaily.com refinance mortgage applications are “86 percent lower than the same week in 2021”. Jann Swanson provides related statistics in her article:

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Notary Near YouIt’s No Surprise Mortgage Application Volume Is At A 25 Year Low
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30% of Buyers Regret Going Above and Beyond on Their Recent Home Purchase

In an article written by Lorie Knish for CNBC.com she states “The hot seller’s market in recent years prompted buyers to go above and beyond to seal the deals on their prospective homes, a recent survey finds.” She further quoting an article from Clever Real Estate, sharing that “72% of buyers int he past couple years have regrets about their home purchase”.

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Notary Near You30% of Buyers Regret Going Above and Beyond on Their Recent Home Purchase
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Fed’s Next Steps

The internet is filled with both facts and speculations about the continued rate hikes implemented by the Fed Reserve Bank. Will they continue to hike and then hold, or will they hike and then cut? And what is the reality of the impact this will have on our economy?

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Notary Near YouFed’s Next Steps
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