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 National Association of Realtors (NAR) reported that existing-home sales in August were the highest they’ve been in 17 months. They were up 1.3% from July and gained 2.6% over August 1018’s sales rate. What Are Existing-Home Sales? As the term implies, existing-home sales refers to completed resales of existing Continue Reading →
The Trade War with China caused mortgage rates to plummet this week. Though it remains to be seen how the economy as a whole will be affected in the long term, it’s great news right now for home buyers looking to lock in a low interest rate. Those benefitting most, 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 →
If you have an existing VA loan, now is the time you might want to consider refinancing it as an Interest Rate Reduction Refinance Loan (IRRRL). It may sound like a mouthful, but it is a great option for many veteran homeowners looking for VA loan refinancing. Refinancing a VA Continue Reading →
