Real Estate News 01/29/2025

Today’s News Synopsis:

In The News:

Yahoo Finance – “Cautious Fed holds rates steady with Trump unknowns looming over outlook“ (01-29-25)

“It’s clear that the Fed now has a higher bar for cutting rates further after reducing borrowing costs by a full percentage point at the tail end of last year.“

CNET – “Mortgage Rate Predictions: Will the Fed Keep Postponing Interest Rate Cuts?“ (01-29-2025)

“The Fed’s “wait and see” policy could delay lower mortgage rates.”

CNN Business –  “Fed hits pause on interest rate cuts amid Trump’s flurry of economic plans“(01-29-25)

“The Federal Reserve on Wednesday hit pause on interest rate cuts in its first key decision of President Donald Trump’s second term.”

CBS News –  “Cash-out refinancing vs. home equity loan: What to consider now“ (01-29-25)

“With rates on pause, a low-rate home equity loan may be the smarter move—keeping your low mortgage rate while securing funds.  Weigh your options carefully—your home is on the line”

Redfin –  “Are FHA Loans Assumable? What Buyers and Sellers Should Know” (01-26-2025)

“If you’re exploring mortgage options or looking to sell your home, whether it’s a charming home in Nashville or a spacious townhome in Houston, you might wonder: Are FHA loans assumable? The short answer is yes—but there’s more to the story.”