Mortgage servicers – Gate House Strategies LLC

Housing Market Recap (excerpted from Gate House’s weekly note to clients)

September 7, 2023August 25, 2023

As anticipated, Chairman Powell maintained a rather hawkish tone Friday afternoon, citing unexpected economic strength in the third quarter as reason to stay vigilant on inflation. “We are attentive to signs that the economy may not be cooling as expected.” Powell said. The Fed, Powell said, is “prepared to raise rates further if appropriate and intend to hold policy … Read More

Housing Market Recap (excerpted from Gate House’s weekly note to clients)

August 15, 2023July 26, 2023

As the market was expecting, the Fed raised interest rates another quarter point Wednesday afternoon, bringing the federal-funds rate to a range between 5.25% and 5.5%, a 22 year high. There will be eight weeks until the next Fed meeting. Chairman Jay Powell said there is “uncertainty in the next meeting let alone next year.” Powell also said he believed they “have a shot” at a soft … Read More