is 6.66 % for Purchase and 6.92% for Refinance. The three- quarter-point hikes are the first of their kind since 1994 — an indication of the Fed’s urgent desire to bring prices lower. Speaking a post-meeting press conference, Fed Chair Jerome Powell said the FOMC would hike its benchmark rate to a “restrictive level” and “keep it there for some time.” Current Fed projections call for a 4.25%-4.50% rate by the end of the year. Powell acknowledged that the rate hikes had contributed to “declining activity of all different kinds” in the US housing market and were likely to cause “relatively modest” increases in unemployment (Barrabi, 2022).
Starting small is the first step. Starting small is how to get things done and then move forward to a much bigger goal. The journey of a thousand miles begins with one step. Investors should think big, but when it comes to execution and starting, smart investors should always START SMALL. The principle of starting small is more applicable to tasks and projects that require sustainability, where investors need to take long-term action. The Master LLC is positioning itself on the upcoming recession and it is geared to start small. As inflation continues to increase, so does the probability of a recession, according to several recent economic forecasts. That means more layoffs, fewer jobs and higher interest
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