Homebuilders Contemplate The Future
Wilmington Biz (Del.), Dec. 4, 2020–Cece Nunn
“We see modest [mortgage] rate increases in the near-term horizon, but I think it’s also been pretty clear that you’ve got continuity at the Fed with Chairman [Jerome] Powell being in office with his term until 2022,” said Bill Killmer of the Mortgage Bankers Association. “You’ve got the Biden administration publicly acknowledging they’re going to nominate Janet Yellen.That would be the first woman treasury secretary, but also the first former chairman of the Fed. And I think that team is going to do everything they can and certainly the Fed has acknowledged that they’re going to do what they can to keep rates low.”
