Posts by cole@pcfunding.com
Borrowers Rejoice: Fed Cuts Interest Rates for First Time Since 2020
The central bank’s Federal Open Market Committee has made its decision. The Federal Reserve is cutting the benchmark federal funds rate by 50 basis points amid progress in the fight against inflation. Inflation slowed to 2.5% in August based on the Labor Department’s consumer price index (CPI). This figure is still above the Fed’s 2%…
Read More“We’re Not in Kansas Anymore”
A year of expectations that 2024 would herald a major rebound for commercial real estate and at least three rate cuts from the Fed has given way to the cold reality that it’s time to stop making predictions. The double gut-punch of a stubbornly high inflation rate and a strong signal from the Fed that…
Read MoreFinancing Gets Easier for Manufactured Homes
A new federal funding opportunity of $225 million will support owners of manufactured homes though an update in Title I of the Fair Housing Act. Manufactured homes are the “largest form of unsubsidized affordable housing in the country” and a type used by more than 22 million Americans. The White House initiative is looking to…
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