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Today, in the Calculated Risk Real Estate Newsletter: The War and Mortgage Rates
A brief excerpt:
The invasion of Ukraine has clouded the economic outlook (of course, the economic outlook is inconsequential compared to the ongoing human suffering in Ukraine). Fed Chair Pro Tempore Powell said today:
The near-term effects on the U.S. economy of the invasion of Ukraine, the ongoing war, the sanctions, and of events to come, remain highly uncertain.
And in the Q&A, Powell said about the March FOMC meeting:
"I am inclined to propose and support a 25 basis point rate hike"
…Key points:
• The invasion is leading to significant uncertainty.
• Mortgage rates haven’t fallen as fast as Treasury yields.
• The Fed is still going to raise rates in March.
There is much more in the article. You can subscribe at https://calculatedrisk.substack.com/
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