General World News

Rosy economic news could prolong elevated mortgage rates

Good news! The national economy is growing; unemployment is low; corporate revenues are up.

For housing and mortgage professionals, however, these apparent boons spell trouble. They signal that the economy is still running hot — or at least more than lukewarm — and that inflation may still need more cold water from the Federal Reserve to slow down.

The cold water comes in the form of the Fed continuing its high federal funds rate, which results in mortgage rates. Real estate professionals need no reminder of how catastrophic high rates have been for housing inventory, sales details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com