fha mortgage loans, local mortgage broker, midwest family lending

(515) 252-7107

APPLY NOW!

Mortgage Industry News

« Return to Mortgage Industry News

Households Better Prepared for Rate Increases This Time

Wednesday, May 20, 2015

Earlier this week Freddie Mac asked if the housing market recovery could withstand a rate increase (the answer, with some qualification was yes).  Now the economists at Wells Fargo are asking the same about household balance sheets.

The banks Interest Rate Weekly concludes that should the Federal Reserve begin to increase rates as expected it will have a "muted" impact on households.  The balance sheets of households are critical to the economy as a whole given their importance to growth in consumer spending.

 

Read Full Article

Testimonial

I would absolutely refer anyone thinking about buying a house to Charlie! When we bought our first house, we were 21, and no one would give us the time of day for considering buying a house. My dad referred us to Charlie and we won’t go anywhere else, ever. Thank you!
Nic S.