Homebuyers in costly markets could soon be eligible for $1 million mortgages with just a 3 percent deposit thanks to a new loan cap from the Federal Housing Finance Agency
The Fed is expected to reduce its interest rate increases to half of a percentage point in December, though tighter monetary policy will continue until inflation ebbs
As the Federal Reserve continues to raise its short-term rates to cool inflation and slow the housing market, prospective buyers are desperate for a reprieve
The Federal Reserve is increasing its short-term interest rates yet again, and that will likely amount to even higher borrowing costs for buyers already strained by historic home prices and rampant inflation