“Yes or No…” we could have called this?
Fed Chair Jerome Powell flexed his muscles on Capital Hill this week, making markets go haywire yet again. But did he say anything new… really? We walked away with four key takeaways:
1. Fed won’t rescue US from debt ceiling crisis
2. Fed is eyeing more rate hikes
3. Powell acknowledges potential job losses
4. Powell says US dollar’s dominance isn’t threatened
All these questions and more are answered in this edition of Today in Mortgages.
Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297.
The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.
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