What does $1.9 trillion in stimulus mean for housing, mortgage?
The Biden Administration’s $1.9 trillion stimulus package has been signed into law and is already making its presence felt across the US economy. While markets have already priced in the historic level of federal spending in the form of higher rates, we are also beginning to see material impacts as emergency unemployment benefits are extended and stimulus checks start arriving in mailboxes. But what will this spending mean for the housing market and the mortgage industry? Beyond just a rising rate environment, what can mortgage professionals expect from a stimulus package that is explicitly designed to address the economic hardships felt disproportionately by lower-income Americans during the pandemic? While the full impact of the package will be felt over the coming weeks and months, some experts sh
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