COVID 19

18
Jun
2021

FOMC Statement: Fed Predicts 2 Interest Rate Hikes in 2023

CBC National Bank Financial Reports 0 Comment

The Federal Open Market Committee of the Federal Reserve said in its post-meeting statement that the Federal Reserve expects to raise its benchmark interest rate range twice during 2023. No rate changes will be made during 2022 as the economy continues to recover from the Covid-19 pandemic. The Fed’s current interest rate range is 0.00 to 0.25 percent.

18
Nov
2020

NAHB: Rising Demand for Homes Boosts Builder Confidence

First Federal Bank Real Estate 0 Comment

Builder confidence in housing market conditions reached a new record high in November according to the National Association of Home Builders. November’s index reading of 90 was five points higher than in October. Index readings over 50 indicate positive builder sentiment toward market conditions. Readings for the Housing Market Index fell below 50 in April and May as the COVID-19 pandemic grew.

28
Oct
2020

Case-Shiller Reports Fastest Home Price Growth in Two Years

First Federal Bank Financial Reports 0 Comment

Home prices rose at their fastest rate in two years according to Case-Shiller Home Price Indices. The National Home Price Index for August showed 5.70 percent home price growth year-over-year as compared to 4.80 percent growth reported in July.res, and avoiding crowded urban areas adjusted family priorities.

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COVID 19

FOMC Statement: Fed Predicts 2 Interest Rate Hikes in 2023

NAHB: Rising Demand for Homes Boosts Builder Confidence

Case-Shiller Reports Fastest Home Price Growth in Two Years

Closed purchase loan, Alpharetta, GA

Closed refinance loan, Fernandina Beach, FL

Van Buren, Saulsbury, TN

Closed purchase loan, Atlanta, GA

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