Recently, the Federal Reserve announced it will be making another rate cut. This was an expected move that was well-covered in the news. However, it has had an averse effect on the mortgage market. We’ve seen mortgage interest rates go up before and after this Fed policy change was officially Continue Reading →
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 →
As we look at some of the mortgage data released by the Mortgage Bankers Association (MBA) from September 2019, one thing definitely stands out. Credit availability increased slightly this past month after a large decline in August. In fact, the 3.9 percent drop in August represented the largest monthly decline Continue Reading →
The way technology continues to evolve, it’s not very difficult to imagine a day when real estate is traded online like stocks and bonds. When you think about it, buying and selling real estate is still a very old school process with a lot of paper-pushing and tedious steps involved. Continue Reading →
Did you know that there is a way to have the financial benefits of owning a second property while still having it considered “owner occupied?” It can be done if the house is lived in by your parents or a disabled child. Call it loophole or whatever you want, but Continue Reading →
