Real Estate News 11/03/2023

Today’s News Synopsis:

Federal Reserve Chair Jerome Powell was careful not to tip the central bank’s hand when discussing the path forward for interest rates.

In The News:

Yahoo Finance – “Fed leaves door open to more rate hikes. Markets think it’s done.” (11-02-2023)

“”Slowing down is giving us, I think, a better sense of how much more we need to do, if we need to do more,” Powell said in a press conference on Wednesday after the Fed decided to hold rates steady for a second consecutive meeting.”

FreddieMac –  “Considering an Adjustable-Rate Mortgage? Here’s What You Should Know” (10-29-2023)

“Adjustable-rate mortgages have benefits and drawbacks that you should carefully consider when choosing a home loan. Learn about how ARMs work, the different types of ARMs, when an ARM may be a good option, and when to think about refinancing to a fixed-rate mortgage.”

CNET –  “What Are Construction Loans and How Do They Work?” (10-30-2023)

“Construction loans are available for individual borrowers to help finance projects from start to finish, and they aren’t just for brand-new homes, either. Construction loans can also cover the costs of renovating older homes in need of an overhaul. ”

Yahoo Finance –  “Student loans: Who is responsible for all that debt in a divorce?” (10-28-2023)

“Paying off student loans is, of course, a huge problem. But often overlooked is how complicated it becomes when couples are in the middle of a divorce. ”

CNBC –  “U.S. payrolls increased by 150,000 in October, less than expected” (11-03-2023)

“The U.S. economy saw job creation decelerate in October, confirming persistent expectations for a slowdown and possibly taking some heat off the Federal Reserve in its fight against inflation.”