SUMMARY: Senator Elizabeth Warren pressures Fed Chair Jerome Powell to lower rates to increase affordability forgetting what will happen to prices considering supply has not risen significantly, homebuyers gain 9% in buying power as rates fall these last 6 months, building permits rise in Wilmington & North Carolina, and it is a very busy week ahead with jobs data and a fed decision.
SHOW NOTES:
- CNBC: Sen. Elizabeth Warren pushes Fed Chair Powell to cut ‘astronomical’ rates, ease housing pressure
- Homebuyers Gain 9% in Purchasing Power in 3 Months
- Building Permits in Wilmington Rise to End 2023
- This Week: Housing Data, a Fed Decision, & it’s Jobs Week
DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201