Homebuying Tips for the Season

Homebuying Tips for the Season

Seasonality is probably something you did not think about when you first decided to get a home. But it’s a big factor in homebuying and could dictate the price options that are available to you.Aside from inventory and demand factors, there are also quite a checklist...
Fed Raises Benchmark Rate Again, How Will This Affect You?

Fed Raises Benchmark Rate Again, How Will This Affect You?

The Federal Reserve (Fed) raised its benchmark rate by a quarter percentage point, from 1% to 1.25%effective June 15, 2017. A reading of the Fed’s policymaking body, Federal Open Market Committee (FOMC)’s statement signals that this won’t be the last rate hike this...
Cash-out Refinances Pick Up, Plus Other Housing Trends in 1Q17

Cash-out Refinances Pick Up, Plus Other Housing Trends in 1Q17

Refinances, particularly cash-out refinances, picked up during the first quarter of 2017 per Freddie Mac’sHousing Outlook in May. This resilience in refi activity, combined with declining mortgage rates and rising home prices, made Freddie to revise its projections...
Rates Up After Fed Meeting

Rates Up After Fed Meeting

After weeks of continued decline, mortgage interest rates climbed, following the two-day Fed meeting. The 30-year FRM rate rose by 2 basis points for the week.Get today’s rates.According to Freddie Mac’s weekly rate forecast via the Primary Mortgage Market...