According to the latest report from Fannie Mae, a pullback in economic policy uncertainty regarding fiscal and monetary policy issues is forecasted to lay the foundation for improved private sector activity and accelerated growth in 2014. For all of 2014, economic growth is expected to rise 2.9% from an estimated 2.6% in 2013. Read the…
The last full week of July has been a quiet one for mortgage-related news, but next week could be a very different story. In terms of macro-economic developments which could affect mortgage rates, the last one of any significance came on July 16 with the announcement of the Consumer Price Index (CPI) increase for June.…
Jon Hilsenrath explains how Wall Street is watching the Federal Reserve with wary eyes as it feels the Fed has overestimated economic growth which could result in the tapering of its bond-buying program.