How's the Housing Market Going? Depends on Who You Ask

The post-pandemic economy is treating people very differently, creating a headache for central bankers. The extreme differences can often get traced back to living situations, as renters have a very different experience than homeowners.

One of the Federal Reserve’s tools involves setting the federal funds rate, an interest rate that influences other market rates such as bank loans, CD rates, and mortgage rates. Typically, higher rates will slow the economy and release some of the pressure on consumer prices. But that hasn’t happened, at least not uniformly across the economy nor at the same magnitude as previous years.

Conversely, those with mortgages saved approximately $220 per month on average from refinancing, and recent refinancing activity reached record levels, surpassing even those seen just before the Great Financial Crisis.As millions of Americans took advantage of low rates, homeowners have historically low debt service payments as a percentage of their disposable income, as highlighted in the chart below.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Foxtrot Market and Dom's Kitchen & Market closing six months after mergerThe closure affects both Dom's locations in Chicago, and all 33 Foxtrot stores in Chicago, Texas, and the Washington D.C. area.
Sumber: cbschicago - 🏆 546. / 51 Baca lebih lajut »

Foxtrot Market, Dom's Kitchen employees say they weren't warned before stores abruptly closedFoxtrot Market and Dom's Kitchen & Market abruptly close
Sumber: cbschicago - 🏆 546. / 51 Baca lebih lajut »

Crypto market stumbles amid arrest of Samourai Wallet foundersDespite favorable market sentiment, the crypto market briefly fell amid the arrest of Samourai Wallet founders.
Sumber: Cointelegraph - 🏆 562. / 51 Baca lebih lajut »

Celebrate the Original Farmers Market's 90th anniversary at a new ‘Night Market'The one-night-only event will include music from the 1990s and a shopping pop-up on the Market Plaza.
Sumber: NBCLA - 🏆 319. / 59 Baca lebih lajut »