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Government Lending

Politics and money news can have a swift and significant impact on the housing industry, whether it’s related to policy changes that will directly affect the mortgage industry or a change in political leadership that is expected to trickle down and impact the mortgage and housing industries. As a housing market professional, it’s important to stay informed on politics and money news and understand how it may affect the housing and mortgage industries now and in the future.
HousingWire’s politics and money coverage, which spans breaking news, expert commentary and more, can keep you up to date on the news and coverage that matters to you. 

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Fed cuts rate, citing “global developments” 

Jul 31, 2019By

The Federal Reserve cut its benchmark rate by a quarter percentage point on Wednesday at the end of a two-day meeting in Washington, D.C., in a bid to keep the longest economic expansion in U.S. history from petering out. It was the first reduction since the financial crisis more than a decade ago. Central bankers also said they would halt the unwinding of its $3.8 trillion of Treasuries and mortgage-backed securities in August, earlier than expected.