Chris Frankie

Chris Frankie

What Does Surprise Cut from The Fed Mean for Mortgage Rates?

Last week, the The Federal Reserve made a surprise—between meetings—cut, lowering the fed funds rate by a half-point, to a range of 1% to 1.25%. How will this impact mortgage rates?

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Gen Xers Denied Home Loans Most Often: Report

The generation that faces home loan denials most often is Gen X, the cohort from 40 to 54 years old, according to a new survey by the National Association of Realtors. So reports Yahoo Finance.

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U.S. Housing Market is Short by 3.3M Units: Freddie Mac

According to a new research report by Freddie Mac, the U.S. housing market is undersupplied by an estimated 3.3 million units, a shortage that’s rising by roughly 300,000 units annually. So reports Yahoo Finance.

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