A recent press release from the Federal Open Market Committee sent mortgage interest rates on a nosedive and the stock market into one of the biggest climbs in weeks. In short, it was a cheerful moment for investors and buyers of real estate, even though big-shot bond traders worried the sky might be falling.
As usual the press release was filled with economic jargon and a lot of overblown, obscure language that would require interpretation from an academic holed away in an ivory tower to be fully understandable. Luckily I have become accustomed to reading updates from the Fed as I’ve worked in the mortgage industry for the past 16 years, and I have been fortunate to develop a network of colleagues.
My colleagues and I share a common goal of providing our clients with the best possible service, which occasionally means helping each other decipher press releases from the Fed. Here are the important points to remember from its latest, in plain language:
New Retail, Office Hub To Open In Hampstead
Emma Dill
-
May 23, 2025
|
|
2025 Coastal Entrepreneur Of The Year Announced, Category Winners Recognized
Cece Nunn
-
May 22, 2025
|
|
Endowment Officials Offer Insights On Current Initiatives, Grant Plans
Rickie Houston
-
May 22, 2025
|
|
Pender Commerce Park Building Changes Hands For $23.5M
Emma Dill
-
May 22, 2025
|
|
Nest Realty Finds New Place To Roost In Carolina Beach
Cece Nunn
-
May 23, 2025
|
The company's co-founder and CEO said, “We’re trying to expand the way banks assess credit and do it in a very quick, automated way."...
The organization formed to provide children as young as 4 and young adults as old as 21 living in the Wilmington area with custom living arr...
Modular spaces from Wilmington-based company Infinite Structures appeared this year at the Super Bowl, Coachella and at the bottom of the ha...
The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.