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Fed PolicyMortgage

Senate Banking Committee to host hearing on for next Fed chair

According to Reuters, the Senate Banking Committee will hold a hearing on Nov. 14 on the nomination of Federal Reserve Vice Chair Janet Yellen to take the helm of the central bank.

If confirmed by the full Senate, she would become the first woman to ever lead the U.S. central bank.

Yellen is expected to face criticism from Republicans concerned by the Fed's ultra-easy monetary policy, but no serious challenge to gaining Senate approval, where Democrats control 55 of its 100 seats.

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Lower mortgage rates attracting more homebuyers 

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

3d rendering of a row of luxury townhouses along a street

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