Federal Reserve Archive

Instant Reaction: Lawrence Yun on Today’s FOMC Statement

The following is NAR Chief Economist Lawrence Yun’s reaction to the Federal Reserve’s decision today to raise short-term interest rates: “We are still in the middle innings of rising interest rates; consumers should expect another three or four rounds of interest...
June 13, 2018

Instant Reaction: Lawrence Yun on Today’s FOMC Statement

The following is NAR Chief Economist Lawrence Yun’s reaction to the Federal Reserve’s decision today to raise short-term interest rates: “We are in the middle innings of monetary policy normalization. Interest rates that the Fed directly controls – the federal...
March 21, 2018

Instant Reaction: Lawrence Yun on Today’s FOMC Statement and 2018 Outlook for Mortgage Rates

The following is NAR Chief Economist Lawrence Yun’s reaction to the Federal Reserve’s decision today not to raise short-term rates, as well as how monetary policy the rest of the year will influence mortgage rates: “The Fed will not be on...
January 31, 2018

Instant Reaction: Lawrence Yun on Today’s FOMC Statement

The following statement is NAR Chief Economist Lawrence Yun’s reaction to the Federal Reserve’s decision today to raise short-term interest rates, as well as what it means for the economy and housing in 2018: “There will be juice added...
December 13, 2017

NAR 2017 Home Sales Forecast Downgraded

Blame supply and affordability headwinds and Hurricane Harvey damage in Houston for August’s 2.6 percent decline in pending home sales. In the video below, I chat with NAR Chief Economist Lawrence Yun about why sales have stalled in recent...
September 27, 2017

Instant Reaction: Lawrence Yun on Today’s FOMC Statement

The following is NAR Chief Economist Lawrence Yun’s thoughts on today’s announcement by the Federal Reserve to start unwinding their balance sheet in October, and what that will mean for mortgage rates through 2018: “As the Federal Reserve indicated...
September 20, 2017

Instant Reaction: Lawrence Yun on Today’s FOMC Statement

Below is the following statement from NAR Chief Economist Lawrence Yun on the Federal Reserve’s decision today to hike short-term interest rates: “The latest rate hike is partly justified from ongoing economic expansion and also a steadily falling unemployment...
June 14, 2017

Instant Reaction: Lawrence Yun on Today’s FOMC Announcement

Below is the following statement from NAR Chief Economist Lawrence Yun on the Federal Reserve’s decision today to stand pat on raising short-term rates: “Today’s FOMC decision is only a short-term, temporary pause. With no change in monetary policy, mortgage...
May 3, 2017

Instant Reaction: Today’s FOMC Meeting

Below is the following statement from NAR Chief Economist Lawrence Yun on the Federal Reserve’s decision today to raise short-term rates for the first time in 2017: “Rising inflation will predominantly dictate the next monetary policy decision, but another...
March 15, 2017

Instant Reaction: Lawrence Yun on Today’s FOMC Decision

Below is NAR Chief Economist Lawrence Yun’s immediate reaction to the Federal Open Market Committee’s (FOMC) announcement this afternoon that it’s raising its benchmark interest rate for the first time in 2016: “The era of ultra-low interest rates is...
December 14, 2016