What is the market expecting the Federal Reserve to do?

Minneapolis, St. Paul, Minnesota, City View | mortgage rate news

What is the Fed expected to do on Wednesday?

According to a recent report from CNBC, there’s virtually no chance the Federal Reserve will choose to raise its benchmark borrowing rates today. So, what will the Fed do on Wednesday? First, the Fed will likely announce a pause in interest rate hikes. Second, the Fed will provide a quarterly update on several key economic indicators. Interest rates, gross domestic product, inflation and unemployment will be areas of focus.

There’s also widespread belief among experts and Fed watchers that they will take a tone that indicates there shouldn’t be assumptions about what happens next. How the market reacts often depends on the tone Chairman Jerome Powell takes during his press conference. If he comes across as hawkish, the market may sell. If he’s overly dove-ish, it may come across as a time to buy.

How did St. Paul, MN turn a golf course into housing?

A development project called ‘The Heights’ has broken ground on the east side of St. Paul, MN. The project aims to provide over 1,000 living wage jobs and provide 1,000 attainable, affordable housing units. Oh, and the 112 acres the project is being built on? It used to be a golf course contaminated with mercury.

The land has been cleaned and even attained a LEED (Leadership in Energy and Environmental Design) certification. It’s completely safe to build there, and the area is planned to provide affordable town homes, single-family homes, apartments, and senior housing. Every home will have solar panels and there are plans to include EV charging stations.

The project is expected to be in the works for the next five years, but it may be worth keeping an eye on if you think you’re going to be in the market in the next few years.

Would you live in Mary Tyler Moore’s house?

Have you ever wanted to live like a TV star? If so, we have good news! Mary Tyler Moore’s massive estate in Greenwich, CT has been placed on the market.

Moore and her husband Dr. Robert Levine purchased the property together in 2006 for about $10 million. They lived there until the sitcom star passed away in 2017. Levine has finally gotten around to listing the home, and it’s asking price is a cool $21.9 million.

The 14,000 sq. ft. home sits on a seven-acre plot and dates to the early 20th century. Moore and her husband spent three years having the place renovated to meet her vision for the home.

The floorplan includes five bedrooms, seven bathrooms, and two partial bathrooms. The home includes a colossal solarium that offers a curved wall of windows and an impressive chandelier. A billiard room, a complete home gym, and a 65 ft. swimming pool are included with the property.

in 10 minutes?

The pre-approval process is lightning fast, and can be completed
in under 10 minutes. Grab a few important documents to get started.
  1. Tax Returns
  2. Copies of W-2s (or 1099s for independent contractors,
    freelancers and the self-employed)
  3. A payroll stub
  4. A bank statement
  5. Loan obligation info (student loans,
    auto loans and credit cards)

Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply. 

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