The Fed will ease in July if trade blows up, economist says

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The Fed decided not to cut rates as the markets wanted. Ian Shepherdson, chief U.S. economist at Pantheon Macroeconomics, joins CNBC to discuss the central bank's wait-and-see approach.

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The Fed will ease in July if trade blows up, economist says
The Fed will ease in July if trade blows up, economist says

Young First-Time Buyers Are Saving for Their Dream Homes

Young First-Time Buyers Are Saving for Their Dream Homes | Simplifying The Market

Young buyers (Millennials & Gen Z) have waited longer than previous generations to enter the housing market for their first home. However, this hasn’t stopped them from dreaming about the home they will eventually buy. Many spend hours searching listings and building Pinterest boards of their favorite home features.

According to a survey from Open Listings, 70% of single renters are more likely to spend their Sunday nights swiping through house listings than dating profiles.

All that time window shopping has led 45% of millennials to expect the first home they buy to be their “dream home”! They are willing to wait longer, save more for a larger down payment, and are pickier about the listings they want to tour and the features that they want to see in their first home.

Waiting a little longer to buy a home than their parents or grandparents did has also helped young buyers become more established in their careers prior to making such a large purchase. Lawrence Yun, NAR’s Chief Economist, recently commented,

“Older millennials are now entering the prime earning stages of their careers, and the size and costs of homes they purchase reflect this. Their choices are falling more in line with their Gen X and boomer counterparts.”

In some areas of the country, high competition in the starter home market forces young buyers to wait longer. The extra money they save during that time opens their search to bigger, more expensive homes.

If this trend continues, older millennials will skip the starter home altogether, going straight to a trade-up or premium home instead.

Bottom Line

If you are one of the many young renters planning on buying your first home soon, let’s get together to help determine what type of home will best suit your present and future needs.

Young First-Time Buyers Are Saving for Their Dream Homes
Young First-Time Buyers Are Saving for Their Dream Homes

Rates Mixed Despite Positive Reaction to Fed; More Owners Think It's Time to Sell

Mortgage rates reacted favorably to today’s Federal Reserve announcement and press conference–today’s key events. But that doesn’t mean every lender is in better shape than yesterday. The morning hours saw the bond market (which dictates rates) at weaker levels. Weaker bonds = higher rates, all other thing being equal. It wasn’t until the 2pm Fed announcement that bonds began to improve, thus opening the window for mortgage lenders to issue new rates. Unfortunately, some lenders are less prone to mid-day reprices than others. There’s also always a healthy fear of volatility in the bond market after the Fed announcement, even if bonds start out moving in a friendly direction. On a final note, the press conference with Fed Chair Powell didn’t start until 2:30pm. By the time he was done answering
Rates Mixed Despite Positive Reaction to Fed; More Owners Think It's Time to Sell
Rates Mixed Despite Positive Reaction to Fed; More Owners Think It's Time to Sell

Powell: Not much support for cutting rates now

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Federal Reserve Chairman Jerome Powell discusses the Fed's decision to leave rates unchanged at a press conference following the announcement.

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Powell: Not much support for cutting rates now
Powell: Not much support for cutting rates now

Powell: Mindful of risks to outlook and prepared to move

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Federal Reserve Chairman Jerome Powell discusses the Fed's decision to leave rates unchanged at a press conference following the announcement.

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Powell: Mindful of risks to outlook and prepared to move
Powell: Mindful of risks to outlook and prepared to move

Fed needs more info before cutting rates, says former Fed governor

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CNBC's "Power Lunch" team discusses the Fed's decision to leave rates unchanged with Fred Mishkin, former Federal Reserve Board governor.

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Fed needs more info before cutting rates, says former Fed governor
Fed needs more info before cutting rates, says former Fed governor

Expect Fed to set table for rate cut later this year, says economist

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Sandy Villere of Villere Balanced Fund and Andrew Hollenhorst, chief U.S. economist at Citi, join CNBC's "The Exchange" to discuss markets ahead of the Fed's policy decision.

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Expect Fed to set table for rate cut later this year, says economist
Expect Fed to set table for rate cut later this year, says economist

Invesco's Brian Levitt doesn't expect 'big fireworks' from Fed meeting

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Speaking on CNBC's "Squawk Alley," Invesco's Brian Levitt says he doesn't expect any big news from Wednesday's Fed meeting. Sam Stovall, chief investment strategist of U.S. equity strategy at CFRA, also weighs in.

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Invesco's Brian Levitt doesn't expect 'big fireworks' from Fed meeting
Invesco's Brian Levitt doesn't expect 'big fireworks' from Fed meeting

Investors await Fed decision on rates amid pressure from President Trump

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The countdown to the Fed decision continues as the FOMC meets for the second day to decide whether to cut rates this time around. CNBC's Steve Liesman explains some of the expectations from the meeting.

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Investors await Fed decision on rates amid pressure from President Trump
Investors await Fed decision on rates amid pressure from President Trump

Kamen: Powell has got the message the Fed needs to strike a more dovish tone

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Ken Kamen of Mercadien Asset Management discusses what to expect from today's Fed decision, and whether the Fed should be cutting rates.

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Kamen: Powell has got the message the Fed needs to strike a more dovish tone
Kamen: Powell has got the message the Fed needs to strike a more dovish tone