For the third time in 2017, the Federal Reserve has modestly increased interest rates, showing its continued confidence in the U.S. economy. Lawrence Yun, Chief Economist for the National Association of REALTORS, is predicting the 30-year fixed mortgage rate will continue to rise next year to an average ...
View MoreBuying Advice
June 22, 2017
Hot Summer Market
.jpg)
Summer is officially here, and the housing market is warming up right along with temperatures. Here are four great reasons to list your home for sale this summer:
- Buyers galore. In our local market, buyer activity is strong. The same is the case in markets across ...
Jan. 9, 2017
Federal Housing Administraction (FHA) Reduces Annual Premiums
The U.S. Department of Housing and Urban Development (HUD) announced today that the Federal Housing Administration (FHA) will reduce the annual premium that most borrowers pay on FHA loans by 25 basis points, or 0.25%.
Like Fannie Mae and Freddie Mac, FHA doesn't make loans, but ...
Dec. 16, 2016
Fed Hikes Rates, Mortgage Rates Climb
.jpeg)
The Federal Reserve raised the short-term interest rates on Wednesday for the second time in a decade and signaled that rates could continue to rise into 2017. What does this mean for mortgage rates and your buying power?
First of all, it's important to recognize that mortgage rates ...