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 →
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 →
A vast majority of home loans are considered Qualified Mortgage (QM) loans, which comply with strict regulations set forth by the Consumer Financial Protection Bureau (CFPB) and come with liability protection if the borrower is unable to keep up with payments. These are preferred by most lenders because they generally 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 →
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 →
