The Federal Reserve cut interest rates today, but if you were expecting 30-year mortgage rates to drop meaningfully, that didn’t happen. Mortgage rates remain above 6% and after hearing Fed Chair Jerome Powell’s remarks, the reason is pretty clear. Powell delivered a carefully balanced message: the economy is cooling and inflation is easing, but not […]
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The Federal Reserve insists it remains committed to fighting inflation. Yet its recent actions paint a more complicated picture—one that directly impacts the Washington, DC housing market. While the Fed continues cautioning that inflation, especially shelter costs, remains too high, it is simultaneously signaling upcoming rate cuts, allowing mortgage rates to drift downward, and recently […]
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A 50-year mortgage is exactly what it sounds like a home loan paid over 50 years instead of the traditional 30. Policymakers have floated the idea as a way to lower monthly payments and make homeownership feel more attainable, especially as prices and interest rates stay high. But while the concept sounds helpful, the trade offs […]
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