Real Estate News 03/19/2025

Today’s News Synopsis:

In The News:

USA Today – “Fed leaves interest rates unchanged, but forecasts future cuts“ (03-19-25)

“The Federal Reserve took a wait-and-see approach to an uncertain US economy Wednesday, opting to leave interest rates unchanged at the close of its March meeting. “

CNBC – “Weekly mortgage demand pulls back, as interest rates rise for the first time in 9 weeks” (03-19-2025)

“The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $806,500 or less, increased to 6.72% from 6.67%”

Yahoo Finance –  “‘The arrival of the tariff inflation’: Powell doesn’t shy from linking trade to prices as Fed shifts forecasts” (03-19-25)

“The Federal Reserve chairman said in no uncertain terms that Trump’s trade agenda would be likely to drive up prices, even amid considerable uncertainty about exactly how much — and whether the price changes would be “transitory.””

HomeLight – “What Is an Interest Rate Buydown?” (03-19-25)

“High interest rates are creating high anxiety for both buyers and sellers. Buyers are facing payment pain while sellers wait and watch as their homes sit on the market. One solution is the interest rate buydown.”

Redfin News – “Here Are the 10 Most Expensive Home Sales of February” (03-19-2025)

“Most of February’s most expensive home sales were in beachfront Florida, with properties in Southern California and Manhattan rounding out the list. ”