Maybe you’re a person who likes to take it slow in the morning and really get after it in the afternoon, or in the deep hours of the night. With the way technology and the internet is today, you can grind at any hour in the day. What’s the point in rising if you won’t grind? There is no point. Only a few actually put the work in to accomplish their dream life. Simply put: almost anyone can picture their dream life.
If you can picture it, you can make it so. Meanwhile, consumer inflation expectations over the next 12 months remain essentially unchanged from March, according to the survey.Īn economic downturn later this year, even a mild one, could send mortgage rates a little lower in the second half of the year, says Sturtevant.There’s no cap on what you can accomplish. “While consumers’ relatively favorable assessment of the current business environment improved somewhat in April, their expectations fell and remain below the level which often signals a recession looming in the short-term ,” said Ataman Ozyildirim, senior director, Economics at The Conference Board.“Consumers became more pessimistic about the outlook for both business conditions and labor markets.” The business group’s Consumer Confidence Index decreased to 101.3 in April from a reading of 104.0 the month before. economy fell in April, according to the latest report from the Conference Board. “That's very important in light of regional, small-size banks that are unable to absorb rate hikes like, for example, First Republic Bank."Ĭonsumer confidence levels, even more than the cost of borrowing, could decide how the housing market will fare, according to Lisa Sturtevant, chief economist at Bright MLS.Ĭonfidence in the U.S. “Mortgage rates are likely to descend lower later in the year as the consumer price inflation calms down and changes the thinking of the Fed from tightening to possibly loosening the monetary policy,” says Yun. He believes mortgage rates will fall in the second half of the year, boosting homebuying. "This situation will worsen with each additional rate hike by the Federal Reserve." "They are becoming zombie-like banks, unable to lend even to good businesses as they are more concerned with balance sheet shuffling for survival," says Yun.
The fast rate hikes by the Fed have already upended the balance sheets of many small regional banks such Silicon Valley Bank, Signature Bank and First Republic Bank. "It (inflation) will be even lower as the heavyweight component to inflation, which is housing rent, will inevitably slow down given the 40-year high robust construction of new empty apartment units," says Yun.
0 kommentar(er)
