The Federal Reserve’s decision to end its era of easy money is rippling through the mortgage market, driving up the cost of buying a home.
The central bank had been the biggest buyer of pools of home loans since the start of the pandemic. Now , winding down its purchases and laying the groundwork to shrink the $2.7 trillion stockpile it has built up. These mortgage-backed securities, hot investments for much of the pandemic, are now selling off.
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Source: Forbes - 🏆 394. / 53 Read more »
Housing Forecast Reveals The Best Markets For Each Stage Of LifeAustin is the best market for Millennials, Miami rises to the top for Gen X and Pittsburgh ranks No. 1 for Baby Boomers.
Source: Forbes - 🏆 394. / 53 Read more »