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Items tagged with: InterestRates
Higher #MortgageRates could widen that gap even further, making it harder for many households; wealthier buyers & investors are more likely to pay in cash.
The geopolitical tensions driving #energy prices higher are also complicating the outlook for #InterestRates. Expectations that the #FederalReserve might begin cutting rates have faded as #markets worry #inflation could stay higher for longer than anticipated.
#WealthDivide #inequity #economy #affordability #CostOfLiving #housing #Trump
In a blistering 27-page decision unsealed on Friday, the judge, James #Boasberg, derided the #USattorney’s office in Washington, led by the #Trump loyalist #JeaninePirro, for pursuing a case against #JeromePowell. It appeared that the only reason prosecutors had to do so, he added, was Trump’s desire to seek #vengeance against the #Fed chair. Powell has long resisted calls from the White House to adjust #InterestRates for political reasons.
The #housing #market has been stuck since the #pandemic. Record-low #InterestRates during that period kicked off a buying frenzy that sent home prices soaring. Millions of homeowners refinanced #mortgages at those low rates—many below 4 or 5%—leaving them reluctant to sell & take on a new mortgage when rates rose.
A recent NYT/Siena poll found that a majority of Americans feel homeownership is out of reach. As a result, about 1 in 4 Americans are delaying major purchases like buying a home….
Judge Blocks Subpoenas Targeting #Fed Chair
A federal judge blocked an attempt by the #DOJ to issue subpoenas to the #FederalReserve in its investigation of the chair, #JeromePowell. The judge wrote that there was “abundant evidence” the government’s action was designed to “harass & pressure” Powell into yielding to Trump’s wishes to lower #InterestRates or resign.
#MafiaState #law #LegalEthics #judiciary #economy #Trump #RevengePolitics #WeaponizationOfGovernment
nytimes.com/live/2026/03/13/us…