All signs are pointing to another Fed rate cut next week. The Federal Open Market Committee (FOMC) will be meeting October 29-30. Even though the Federal Reserve has cut interest rates twice already this year in policy-easing measures, they are likely to approve another quarter-point reduction. This will take the Continue Reading →
The Trump administration has been working to move the government’s mortgage finance companies, Fannie Mae and Freddie Mac, back into privatized companies. This move should ultimately have a major impact in the U.S. housing industry. Changes Announced The announcement was made official Monday by the Treasury Department and the companies’ Continue Reading →
If you’ve been following the news lately, then you’ll already know that the financial market has had a lot of interesting twists and turns. It primarily stems from the trade war with China and fears of another recession on the horizon. The Federal Reserve and central banks worldwide have continued Continue Reading →
Too frequently, media coverage suggests a Fed rate cut would coincide with lower mortgage rates and vice versa. But in practice it can be just the opposite! Let’s take a look at what the Fed is actually about to cut and how it might impact rates. What is the Fed Funds Rate? The Fed Continue Reading →
Last week, President Trump officially signed the Blue Water Navy Vietnam Veterans Act into law. The timing is just about perfect, right before the 4th of July! This new bill has been in the works for some time and it greatly impacts the benefits that veterans can receive. Some aspects Continue Reading →
