Industry Groups Pressure the Fed While Consumers Blame Rates
The Mortgage Bankers Association, National Association of Realtors, and National Association of Home Builders called on the Fed to provide market certainty about its rate path. Ongoing uncertainty has exacerbated housing affordability and even consumer sentiment is starting to take its toll…but!…. BUT there are STILL SOLUTIONS in the market for homeowners and your home equity could be the hero you’ve been looking for! Today’s topics are:
- MBA, NAR, NAHB call on the Fed to provide market certainty about its rate pat
- Fed officials see ‘restrictive’ policy staying in place until inflation eases, minutes show
- Consumers point to mortgage rates, not home prices, as key barrier to affordability
- Market Solutions Discussion: HELOC, HE-LOAN, Cash out for Debt consolidation, address deferred maintenance, build an ADU, Convert your garage, remodel your home, or add square footage.
