The Fed raised policy rate
levels by a quarter point at its mid-March meeting, and the U.S. economy has achieved sufficient levels of unemployment and inflation to encourage further gradual policy tightening this year and into next.
Not exact matches
During the second
quarter of 2014, affordability measures at the national
level fell
by 0.9 percentage
points to 48.0 per cent for two - storey homes,
by 0.6 percentage
points to 42.5 per cent for detached bungalows and
by 0.4 percentage
points to 27.4 per cent for condominium apartments.
Homeownership tends to encourage spending on durable goods and hence its depressed
levels could explain why real U.S. consumption growth over 2011 - 2017 has been much weaker (
by about half a percentage
point annualized every
quarter) than the pre-recession average.
These new MIP rates would have reduced the annual premiums
by a
quarter of one percentage
point, bringing them in line with what rates were prior to pre-housing crisis
levels of 2008.
«The Fed's decision to raise interest rates
by a
quarter of a percentage
point puts the federal funds rate at its highest
level since 2008.
The national vacancy rate fell
by 20 basis
points to 12.5 % in the third
quarter, its lowest
level in six years.
Rather than the slow pace of rate hikes so far that has kept interest income at a low
level, increase rates
by a half or three -
quarters of a percentage
point in one shot.
Data released
by the Mortgage Bankers Association (MBA) indicates that the delinquency rate for mortgage loans on one - to - four - unit residential properties, considered single - family properties, decreased to a seasonally adjusted rate of 6.04 % of all loans outstanding at the end of the second
quarter of 2014, 7 basis
points less than its
level in the first
quarter of 2014 and 92 basis
points below its
level one year ago.
According to a report
by the Mortgage Bankers» Association the delinquency rate for mortgage loans on 1 - 4 unit residential properties decreased to a seasonally adjusted rate of 5.30 % of all loans outstanding at the end of the second
quarter of 2015, 24 basis
points less than its
level in the first
quarter of 2015 and 74 basis
points below its
level one... Read More»